Mr. Nick Appleyard reports

MORE POSITIVE DRILL RESULTS FROM TRISTAR CASTELO DE SONHOS PROJECT

Tristar Gold Inc. has released additional results from the drilling campaign at its Castelo de Sonhos gold project. This month, the company received results for 16 reverse circulation (RC) drill holes completed in December (of a planned total of approximately 200 holes). Significant intersections from these drill results include:

• 20 metres at 1.3 grams per tonne from 100 metres to 120 metres in RC-19-399;
• 13 metres at 1.1 grams per tonne from 35 metres to 48 metres in RC-19-400;
• Three metres at 9.3 grams per tonne from 39 metres to 42 metres in RC-19-409, including one metre at 26.6 grams per tonne from 39 metres to 40 metres.

True widths are approximately 90 per cent of the downhole lengths reported above.

"The infill drill program continues to deliver good results," commented Nick Appleyard, president and chief executive officer. "A core rig is now on site and preparing to do some infill drilling as well as geotechnical work required for the prefeasibility study. Early in March, we will release one (of the two on site) RC rig, which will allow us to keep an RC rig on site for use as the GoldSpot Discoveries work starts to develop targets for exploration upside drilling."

Toronto conferences

Tristar will be attending and presenting at conferences in Toronto, Canada, over the next seven days, as outlined herein. Please come and see the company at one of these presentations, or visit Tristar's PDAC (Prospectors & Developers Association of Canada) booth (No. 2152), where Tristar's technical team will be available to answer any of your questions.

Red Cloud Mining Showcase

Session date:  2:40 p.m. ET on Feb. 28, 2020

Location:  Omni King Edward Hotel

Room:  Vanity Fair B

Metals Investor Forum

Session date:  2:10 p.m. ET on Sunday, March 1, 2020

Location:  The Delta Hotel (level 3)

Room:  Soco Foyer/Ballroom

Corporate presentation forum for investors at PDAC

Session date:  10:45 a.m. ET on Tuesday, March 3, 2020

Location:  Metro Toronto Convention Center, South Building (level 800)

Room:  802

Drilling

Tristar continuously monitors drill results by evaluating whether they meet, fail to meet or exceed expectations from previous nearby drill holes. Of the 16 holes reported herein, 12 meet or exceed expectations. Work is under way to optimize the remainder of the drill program, based on all of the results obtained to date, with a focus on identifying zones that may potentially be classified as inferred resources with the projected pit areas. Such areas will receive additional drilling.

Detailed summaries of drill hole locations and significant intervals have been added to the Castelo de Sonhos project page of the company's website, along with a complete list of all significant intervals for the project.

Assay methods, quality assurance and quality control

All drill hole samples are analyzed using a fire assay analysis of the chips collected from the RC holes. Any sample that returns greater than 0.1 gram per tonne gold is automatically submitted for a duplicate fire assay analysis, and the average grade is used. Samples are transported by truck from the site to the ALS preparation lab in Goiania, Brazil, where they are dried, crushed, pulverized and packaged for shipment to the ALS analytical lab in Lima, Peru.

The ALS preparation and analytical labs are accredited to ISO 17025:2005 UKAS reference No. 4028 and have internal quality assurance/quality control programs for monitoring accuracy and precision. In addition to this, Tristar uses standards, blanks and field duplicates in an external quality assurance/quality control program to provide independent monitoring of laboratory analyses.

Qualified person

R. Mohan Srivastava, PGeo, vice-president of Tristar, is the qualified person who has reviewed the technical information contained in this news release and has approved its disclosure.

About Tristar Gold Inc.

Tristar Gold is an exploration and development company that is focused on precious metal properties in the Americas that have the potential to become significant producing mines. The company's current flagship property is Castelo de Sonhos, located in Para state, Brazil.

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