TriStar: Closes $9.2 Million Bought Deal Financing

Scottsdale, Arizona–(Newsfile Corp. – July 14, 2020) – TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (“TriStar” or the “Company”) is pleased to announce that it has closed its bought deal financing, originally announced on June 22, 2020. A total of 30,705,000 units of the Company were sold under the offering, at a price of $0.30 per unit for aggregate gross proceeds of $9,211,500, which includes the units issued pursuant to the over-allotment option granted to the underwriters that was exercised in full. Each unit consists of one common share in the capital of the Company and one‐half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the Company at an exercise price of $0.40 until July 14, 2022.

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