TriStar Gold

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas. The Company's current flagship property is Castelo de Sonhos in Pará State, Brazil. The Company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at www.tristargold.com.

Management Profile:
Nick Appleyard was appointed President and CEO in December 2015. He has executive experience in mining having previously been the CEO of Chaparral Gold and Vice President Corporate Development for International Minerals. Nick has over 25 years international experience in precious metals exploration and mining. He has managed exploration, development and production JVs in North and South America, including extensive project development experience in South America with more than ten years in-country, and prior to that in Australia. Nick is fluent in Spanish, holds a Bachelor of Science (Geology) from Curtin University, Australia.

What are your key goals for the next 3 months?:
Resolve legal issues regarding the permit which should re-rate the stock

What are your key goals for the next 6 months?:
Commence new drilling program to show upside from current resource

What are your key goals for the next 12 months?:
Commence Feasibility Study

What do you think makes your company such a compelling investment?:
Advanced, de-risked asset: Castelo de Sonhos is a large-scale, LP-permitted open-pit gold project with a completed PFS, conventional metallurgy, 98% recoveries and existing infrastructure. Robust economics: The updated 2025 PFS delivers a 40% after-tax IRR and US$603M after-tax NPV5 at US$2,200/oz gold, with substantial upside at current gold prices. Significant valuation disconnect: TriStar trades at approximately US$20/oz M&I and 0.02x P/NAV, well below comparable gold developers. Single identifiable overhang: The valuation appears constrained primarily by an ongoing legal challenge to the LP permit, which remains valid and in force, rather than by the project's technical or economic fundamentals. Strategically relevant asset: As one of a limited number of advanced gold development projects in Brazil, Castelo de Sonhos could be attractive to companies with the financial capacity, technical expertise and regional operating experience to advance the project. Clear re-rating potential: A positive legal outcome or further permitting progress has the potential to narrow the gap between TriStar's current valuation and the underlying value of the asset