Mr. Nick Appleyard reports

TRISTAR GOLD - PERMIT MILESTONE UPDATE

Tristar Gold Inc.'s previously announced public hearing (equivalent to a townhall meeting), related to the licenca previa (preliminary licence or LP) for the Castelo de Sonhos gold project, took place as planned on Nov. 22, 2023, in the village of Castelo dos Sonhos.

Nick Appleyard, chief executive officer, stated: "It was great to see so many people in attendance, both in person and via the live feed. This reflects the outstanding work our team has done in open, honest and transparent communications with our neighbours and the authorities. I would also like to take this opportunity to thank the staff at the Secretariat for the Environment and Sustainability (SEMAS) for Para state for their ongoing professionalism and collaboration in advancing a responsible, environmentally sound project."

The meeting was attended by nearly 600 people, with an additional 400 people viewing parts of the live stream. An unedited replay of the full event can be seen in Portuguese on YouTube.

Tristar will now compile a report on the public hearing which documents all of the informational meetings held ahead of the public hearing, as well as a full transcript of the meeting itself for submittal to SEMAS. It is then up to the state of Para authorities to review and, if they decide it is appropriate, to issue the LP. There is no formal time frame for this process, however Tristar feels that giving guidance of possible receipt of the LP in Q1 2024 is appropriate.

About Tristar Gold Inc.

Tristar is an exploration and development company focused on precious metal properties in the Americas that have the potential to become significant producing mines. The company's current flagship property is Castelo de Sonhos in Para state, Brazil. Tristar has completed a prefeasibility study and is now advancing permitting while evaluating optimization options.

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