Mr. Nick Appleyard reports

TRISTAR GOLD ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Marcus Brewster has accepted an offer to join Tristar Gold Inc.'s board of directors. In addition to joining the board, Mr. Brewster will step down as the company's chief operating officer, effective Dec. 4, 2024. Additionally, Mark Jones III has been appointed chairman emeritus in recognition of his significant role in founding the company.

Mr. Brewster is a geologist and mining engineer who has specific experience in both technical and managerial positions operating large-scale paleoplacer gold mines. This includes progressively more senior roles at the Tarkwa and Damang gold mines in Ghana, ultimately becoming the general manager at Damang. His language skills include English (native), plus German, Swiss German, Portuguese and French. It is anticipated that Mr. Brewster's appointment as a director will be approved by a directors' resolution following completion of the company's annual general meeting (AGM) on Dec. 2, 2024, and that his appointment will be in addition to the six management nominees proposed as directors in the information circular for the AGM.

Mr. Jones has been appointed chairman emeritus in recognition of his role in founding the company, his time as chief executive officer of the company and his continuing commitment to the well-being of Tristar Gold. Mr. Jones has been associated with several mining companies, including Brazauro Resources Corp., where he served as founder and chairman (acquired by Eldorado Gold Corp. in 2004); Crown Resources, where he was founder and a director (acquired by Kinross Gold in 2006); and Arequipa Resources, where he served as a director (sold to Barrick Gold for $1-billion). Prior to 1984, Mr. Jones was involved in the investment banking business as a partner in Jones Lloyd & Webster.

"I would like to thank Mark Jones for his immense contribution to Tristar Gold over the past 15 years," says Nick Appleyard, Tristar's president and CEO. "We look forward to his continued contribution as chairman emeritus. We'd also like to thank Marcus Brewster for his service as COO and his contributions as we advanced the Castelo de Sonhos gold project through the permitting process and towards a feasibility study. The team we have in place at Tristar will support us in his transition from the management team onto the board and we look forward to continuing to work with Marcus as a director."

Public prosecutor requests response

Tristar has been working on our response to the prosecutors' approach to Para Secretariat for the Environment and Sustainability (SEMAS) in defense of the prior licence (LP permit) for the Castelo de Sonhos gold project in Para state issued in August, 2024. Please see the company's press release dated Oct. 1, 2024, for additional details on the requests received from a Federal Public Prosecutor to government regulators, including SEMAS. The company is waiting for confirmation that the regulators have responded and the contents of their response. Tristar will update the market as new information is available.

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.

We seek Safe Harbor.