TriStar Gold Announces Changes to Board of Directors
TriStar Gold Announces Changes to Board of
Directors
Scottsdale, Arizona--(Newsfile Corp. - November 14, 2024) -
TriStar Gold Inc.
(TSXV: TSG) (OTCQB:
TSGZF) (the Company or TriStar) is pleased to announce that Marcus Brewster has accepted an offer to
join TriStar Gold's Board of Directors. In addition to joining the Board, Marcus will step down as the
Company's Chief Operating Officer effective December 4, 2024. Additionally, Mark Jones III has been
appointed Chairman Emeritus in recognition of his significant role in founding the Company.
Mr. Brewster is a geologist and mining engineer who has specific experience in both technical and
managerial positions operating large scale paleoplacer gold mines. This includes progressively more
senior roles at the Tarkwa and Damang Gold Mines in Ghana, ultimately becoming the General Manager
at Damang. His language skills include English (native), plus German, Swiss German, Portuguese, and
French. It is anticipated that Mr. Brewster's appointment as a director will be approved by a directors'
resolution following completion of the Company's Annual General Meeting (the "AGM") on December 2,
2024, and that his appointment will be in addition to the six management nominees proposed as
directors in the information circular for the AGM.
Mark Jones III has been appointed Chairman Emeritus in recognition of his role in founding the
Company, his time as CEO of the Company and his ongoing commitment to the wellbeing of TriStar
Gold. Mark has been associated with several mining companies including Brazauro Resources
Corporation, where he served as founder and Chairman (acquired by Eldorado Gold Corporation in
2004); Crown Resources, where he was founder and a director (acquired by Kinross Gold in 2006); and
Arequipa Resources, where he served as a director (sold to Barrick Gold for C$1 billion). Prior to 1984,
Mark was involved in the investment banking business as a partner in Jones Lloyd & Webster.
"I would like to thank Mark Jones for his immense contribution to TriStar Gold over the past 15 years,"
says Nick Appleyard, TriStar's President and CEO. "We look forward to his continued contribution as
Chairman Emeritus. We'd also like to thank Marcus Brewster for his service as COO and his
contributions as we advanced the Castelo de Sonhos gold project through the permitting process and
towards a feasibility study. The team we have in place at TriStar will support us in his transition from the
management team onto the Board and we look forward to continuing to work with Marcus as a Director."
Public Prosecutor Requests Response
TriStar has been working on our response to the prosecutors' approach to Pará Secretariat for the
Environment and Sustainability (SEMAS) in defense of the Prior License (LP Permit) for the Castelo de
Sonhos gold project in Pará State issued in August 2024. Please see the Company's press release
dated October 1, 2024 for additional details on the requests received from a Federal Public Prosecutor
to government regulators, including SEMAS. The Company is waiting for confirmation that the regulators
have responded and the contents of their response. TriStar will update the market as new information is
available.
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 the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-
feasibility study and is now working to advance the project towards a feasibility study while evaluating
optimization options. 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
.
ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:
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 election of directors at the AGM, and Mr. Brewster's anticipated appointment as
a director. 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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https://www.newsfilecorp.com/release/229902