Mr. Nick Appleyard reports

TRISTAR ANNOUNCES $8.0 MILLION BOUGHT DEAL FINANCING

Tristar Gold Inc. has entered into an agreement with Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought-deal basis, 26.7 million units of the company at a price of 30 cents per unit for gross proceeds to the company of approximately $8.0-million. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to acquire an additional common share at an exercise price of 40 cents for a period of 24 months following the closing of the offering.

The company has agreed to grant the underwriters an option to sell a 4,005,000 additional units, such option being exercisable in whole or in part at any time prior to the date that is 30 days after the closing of the offering, to cover overallotments, if any, and for market stabilization purposes. In the event that the overallotment option is exercised in full, the aggregate gross proceeds of the offering to Tristar will be approximately $9.2-million.

The company intends to use the net proceeds of the offering to further advance its Castelo de Sonhos gold project and for general working corporate purposes.

The units will be offered by way of short-form prospectus in British Columbia, Alberta, Manitoba, Ontario and Nova Scotia, pursuant to National Instrument 44-101 -- Short Form Prospectus Distributions.

The offering is scheduled to close on or before July 14, 2020, and is subject to certain conditions including, but not limited to, receipt of all regulatory approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

About Tristar Gold Inc.

Tristar Gold is an exploration and development company 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 in Para, Brazil.