Mr. Nick Appleyard reports

TRISTAR GOLD - LP PERMIT RECEIVED, SETTING THE STAGE FOR DEVELOPMENT

The Para Secretariat for the Environment and Sustainability (SEMAS) has issued the licenca previa (preliminary licence or LP) for Tristar Gold Inc.'s Castelo de Sonhos gold project in Brazil.

"Following the previously announced approval by Para State Environmental Council (COEMA) we have now received the LP, a true milestone for Tristar that derisks and sets us apart from many other mine developers. We are now ready to move forward, having the necessary permits in hand to advance the feasibility study, including the operating licence for drilling and vegetation clearing authorization amongst others," says Nick Appleyard, Tristar's president and chief executive officer. "We can all see that Brazil has become a major mine development hub, with more mines built recently than any other comparable jurisdiction. Given the success of G Mining, Hochschild Mining, Ero Copper and Aura Minerals, all of whom have permitted, built and are now operating fantastic mines in Brazil, I see Castelo de Sonhos as the next plus 100,000-ounce-per-year gold mine for Brazil, with all the benefits that will stream to the regional economy."

The preliminary licence (licenca previa in Portuguese) represents the first of a three-stage environmental licensing process required for mining projects in Brazil. The LP is the most critical stage of permitting as it involves input and approval from several government agencies as well as local stakeholders, communities, and details the environmental, social and economic impacts, and benefits of the project.

Next steps for the Castelo de Sonhos project involve further derisking studies including feasibility and advanced engineering, leading to an ultimate construction development decision.

Webinar

Nick Appleyard, Tristar's president and chief executive officer, will participate in a webinar hosted by Adelaide Capital at 3 p.m. ET on Thursday, Sept. 5.

The webinar livestream will also be available to watch on the Adelaide Capital YouTube Channel, where a replay will be posted after the event.

Employee incentive stock options

Tristar has also granted incentive stock options exercisable to purchase a total of 3.25 million of its shares at a price of 19.5 cents per share to directors, officers, employees and consultants, subject to the terms of its current stock option plan.

These options will expire Aug. 28, 2029.

About Tristar Gold Inc.

Tristar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The company's current flagship property is the Castelo de Sonhos gold project in Para state, Brazil. Tristar has completed a prefeasibility study and is now working to advance the project toward a feasibility study while evaluating optimization options. The company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF.

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