Mr. Nick Appleyard reports

TRISTAR GOLD - STATEMENT ON REQUESTS RELATED TO CASTELO DE SONHOS

Tristar Gold Inc. has become aware of a series of recommendations from a federal public prosecutor from the Federal Public Prosecution Office (MPF) to the government regulators, including the Para Secretariat for the Environment and Sustainability (SEMAS), its principal regulator.

These requests are related to the recent issuance of the Licenca Previa (preliminary licence or LP) for the Castelo de Sonhos gold project in Brazil, and address SEMAS, the local Municipality of Altamira, the National Foundation of Indigenous Peoples (FUNAI), and the National Institute of Historical and Artistic Heritage in the State of Para (IPHAN). The recommendations, which are not binding on the regulators, include the suspension of the LP pending the completion of additional archaeological studies and indigenous component studies.

Tristar is considering the concerns raised, is in contact with the relevant authorities and will update the market as new information is available. Over all, the company is confident that the comprehensive process used to arrive at the issuance of the LP has been sound on all fronts and is supported by numerous stakeholders, as evidenced at the well-attended and overwhelmingly positive public hearing for the project in 2023. As is typical with the LP permitting process, the approval comes with conditions that the company will need to address going forward. Some of the conditions attached to the LP already address technical concerns raised by the MPF.

"While these recent concerns from the MPF would have been better discussed during our public hearing, it seems to be more common now for the MPF to raise concerns about the established formal permitting process in Brazil. We are confident that the robust process we went through, including the environmental impact assessment (EIA), accurately account for the potential impacts of the Castelo de Sonhos project," says Nick Appleyard, Tristar's president and chief executive officer. "The community support we have witnessed speaks to the potential benefits that a project like this could deliver to the municipality, state and country. We are co-operating with all parties involved to resolve any concerns fully, as quickly as possible."

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.

We seek Safe Harbor.