TriStar Gold - Drilling Started on Exploration Program

TriStar Gold - Drilling Started on Exploration

Program

Scottsdale, Arizona--(Newsfile Corp. - June 29, 2022) - TriStar Gold Inc. (TSXV: TSG) (OTCQX:

TSGZF) (the Company or TriStar) is pleased to announce the start of a 2,500m expansion and

exploration drilling program at its Castelo de Sonhos gold project.

This core drilling is principally

designed to test areas of higher-grade extensions to the Esperança South mineralization and has been

developed by GoldSpot Technologies and TriStar's geological team.

"There is currently one core-rig at site and another one scheduled to arrive in a few weeks to help

complete the 2,500m program quickly and efficiently." says Nick Appleyard, TriStar's President and

CEO.

"In our PFS announced late last year Esperança South (PFS Phase 1) produced approximately

150,000 ounces of gold per year, the aim of this drill program is to test the extensions of this

mineralization. We anticipate reporting results on a regular basis."

Figure 1, Esperança South, showing the PFS design pits, plus existing drillholes (black dots) and

planned drilling (in red)

To view an enhanced version of Figure 1, please visit:

https://orders.newsfilecorp.com/files/4509/129345_capture.jpg

Drill hole targeting

Drill holes have been located to test for the locations, or extensions of, gold-bearing channels.

A high

priority has been given to machine learning assisted proposed holes, derived from the integrated

examination of mineralization and gold-hosting stratigraphy.

Factors that have been taken into

consideration include:

Gold is dominantly within the quartz-conglomerate unit (or nearby/adjacent, in the hanging wall or

footwall)

Paleochannels are traced by local variance in 3D stratigraphy derived from machine learning

geochemical analysis (chemostratigraphic modelling)

Target soil anomalies within buffer of outcropping quartz-conglomerate unit are especially

attractive -they represent historic drilling successes

Areas with unexplained gold soil anomalies, down slope from outcropping quartz conglomerate,

suggest gold bearing units in drainage at higher altitude

Qualified Person

R. Mohan Srivastava (P.Geo.) of RedDot3D Inc. is the Qualified Person who has reviewed the technical

information contained in this news release, including data verification, and has approved its disclosure.

About TriStar

TriStar Gold is an exploration and development company focused on precious metals properties in the

Americas that have the potential to become significant producing mines. 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 OTCQX under the symbol

TSGZF

. Further information is

available at

www.tristargold.com

.

ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:

Nick Appleyard

President and CEO

For further information, please contact:

TriStar Gold Inc.

Nick Appleyard

President and CEO

480-794-1244

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has

approved or disapproved the information contained herein.

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not

historical facts and are made pursuant to the "safe harbour" provisions under the United States Private Securities Litigation Reform Act of 1995.

Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or

variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements in this press

release include statements about the Company's ability to complete the current drilling program, the results of further exploration target

identification and the anticipated ongoing effects of the COVID-19 virus. Such forward-looking statements are based upon the Company's

reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive

circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties

and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those

estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties

and other factors that could cause the Company's plans to change include changes in demand for and price of gold and other commodities (such

as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil;

effects of the COVID-19 virus on all aspects of the Company's business, the need to obtain permits and comply with laws and regulations and

other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived

potential of the Company's projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or

interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection

with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing

quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although

management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in

forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or

intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new

information, future events or otherwise, except as required by applicable securities laws.

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