TriStar Gold – Appointment of Independent Director

Scottsdale, Arizona–(Newsfile Corp. – January 22, 2021) – TriStar Gold Inc. (TSXV: TSG) (the Company or TriStar) is pleased to announce the appointment of Ms. Jessica Van Den Akker to the Board of Directors as an independent director. Jessica will also act as chairperson of the audit committee. Mr. Brian Irwin will be standing down from the Board of Directors but will continue to act as corporate secretary.

“First, I would like to thank Brian for all the years he has given this company, and I am glad we will still receive the benefit of his wisdom and experience through his role as corporate secretary,” says Nick Appleyard, TriStar’s President and CEO. “Jessica’s addition to the Board increases Board independence and brings a skill set related to auditing and financial reporting that strengthens the board and particularly the audit committee.”

Ms. Van Den Akker has also been awarded 300,000 incentive stock options, granted for a 5-year period starting on January 18, 2021, each option allows the holder to purchase one common share of TriStar at an exercise price of $0.27. and vest immediately. On December 18, 2020 as a new director Eric Zaunscherb was also awarded 300,000 options for a 5-year period with an exercise price of $0.245.

Update on Castelo de Sonhos

The two RC rigs and one core rig are currently drilling at Castelo de Sonhos. We have approximately 20,000m of drilling planned in the current 2021 program, the majority of which is exploration. The current impact of the pandemic is that we are seeing slower assay turnaround from the laboratories, and international travel restrictions make it challenging to bring international experts to the site. This should not affect our exploration activity drilling the new artificial intelligence generated targets, but if it continues could cause a delay in the pre-feasibility.

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