Ms. Jessica Van Den Akker reports

TRISTAR ANNOUNCES A $1.5 MILLION NON-BROKERED PRIVATE PLACEMENT AND A CHANGE IN OFFICERS

Tristar Gold Inc. has arranged a non-brokered private placement at a price of 13 cents per common share for gross proceeds to the company of up to $1.5-million. The company intends to use the net proceeds of the offering for general working capital purposes and to further advance its Castelo de Sonhos gold project. If fully subscribed, the company anticipates it will issue up to 11,538,461 common shares.

The offering is scheduled to close on or around Jan. 27, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all regulatory approvals, including the approval of the TSX Venture Exchange. The common shares to be issued in the offering will be subject to a four-month hold period, in accordance with applicable securities laws.

Change in officers

Brian Irwin, the company's corporate secretary, retired effective Jan. 1, 2025. Scott Brunsdon, currently the chief financial officer of the company, will assume the added duties of corporate secretary. Mr. Brunsdon has been CFO of Tristar since 2016 and has previously acted as the corporate secretary of other companies. In accordance with Mr. Irwin's employment agreement, he will receive a total of 769,230 common shares of the company, as a termination payment, subject to the approval of the TSX-V. The common shares to be issued to Mr. Irwin were valued at the closing price of Tristar's common shares on Dec. 31, 2024 (or 13 cents per share) and will be subject to a four-month hold period, in accordance with applicable securities laws.

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 Castelo de Sonhos in Para state, Brazil.

We seek Safe Harbor.