TriStar Gold CEO Resumes Role
TriStar Gold CEO Resumes Role
Scottsdale, Arizona--(Newsfile Corp. - April 2, 2025) -
TriStar Gold Inc.
(TSXV: TSG) (OTCQB:
TSGZF) (the Company or TriStar) is pleased to confirm that TriStar President and CEO Nick Appleyard
has returned from leave effective April 1, 2025. Please see the Company's December 6, 2024
press
release
for details. Jessica Van Den Akker, who has assumed the role of Interim CEO during Nick's
absence, is continuing her role as a Director of TriStar.
In addition, the Company is also providing an update on the requests from a Federal Public Prosecutor
to the government regulators related to TriStar's Castelo de Sonhos gold project in Brazil: see the
Company's
press release
from October 1, 2024 for details. TriStar is pleased to confirm that there has
not been any additional support for the Prosecutor's position. The Pará Secretariat for the Environment
and Sustainability (SEMAS), TriStar's principal regulator, has shown strong support for the permitting
process completed at Castelo de Sonhos; please see the Company's
press release
from December
19, 2024, for details of the response from regulators.
"I remain confident in the robust permitting process completed at Castelo de Sonhos and see the
support for this Project from SEMAS and the community as a testament to the potential benefits it could
deliver," says Nick Appleyard, TriStar President and CEO. "Our Preliminary License for Castelo de
Sonhos was received in August 2024 and remains valid with no restrictions in place as we continue to
look at financing options to advance the Project through drilling and feasibility to a construction decision.
I would also like to thank TriStar Director Jessica Van Den Akker for assuming the interim CEO role
during my absence and ensuring business continuity during this important time."
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. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/247021