Mr. Nick Appleyard reports

TRISTAR REPORTS POSITIVE RESPONSE BY REGULATORS ON CASTELO DE SONHOS

Tristar Gold Inc. has provided an update on the requests from a federal public prosecutor to government regulators related to the company's Castelo de Sonhos gold project in Brazil; see press release dated Oct. 1, 2024, for the details of these requests.

The company's LP permit for Castelo de Sonhos remains valid; also known as the licenca previa or preliminary licence, it represents the most critical permitting milestone. The permit was received in August, 2024 (see press release dated Aug. 29, 2024, for details). The permit is in good standing and there are no restrictions in place that would stop the project from moving forward.

The government regulators, including the Para Secretariat for the Environment and Sustainability (SEMAS), the company's principal regulator, have provided responses to the public prosecutor from the Federal Public Prosecution Office (MPF). The regulators, and importantly SEMAS, have provided a strong technical defence of the permitting process and the results of the LP permit approval. Tristar has also submitted a defence of the permitting process, showing how we not only applied the letter of the law but, in most areas, also went much further and made sure that all possible impacts from the planned future mine were considered.

"We are very encouraged to see the strong show of support by SEMAS in defence of the robust permitting process completed over the course of two years at Castelo de Sonhos and remain confident that this process fully and accurately accounts for potential impacts of developing Castelo de Sonhos," says Nick Appleyard, Tristar's president and chief executive officer. "We are evaluating our options to finance the project so that we can perform the required drilling and feasibility studies that will allow us to move forward towards a construction decision."

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.

We seek Safe Harbor.