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TSG.V ·

Tristar Reports Results of Castelo de Sonhos Metallurgical Tests

Metallurgy & Processing

February 27, 2017 Trading Symbol: TSG-TSX.V

TRISTAR REPORTS RESULTS OF CASTELO DE SONHOS METALLURGICAL TESTS

Scottsdale, Arizona, TriStar Gold Inc. (the “Company” or “ TriStar”) reports that McClelland

Laboratories (“McClelland”) in Sparks, Nevada has completed the initial metallurgical test-work that will

be used in the Prelim inary Economic Assessment of the Castelo de Sonhos gold project due for

completion in the third quarter of 2017 . Nick Appleyard , T riStar’s President and CEO commented:

“We’re very pleased with these results as they confirm the ability to achieve high recoveries by both

cyanidation and gravity under realistic operating conditions. Over the coming months, we will complete

additional test -work and assess the economics and ti melines of various options to identify the most

appropriate process flowsheet for project development.”

The metallurgical test -work was performed on a bulk sample created from drill core in the Esperança

South region of Castelo de Sonhos with a head grade of approximately 1.5 g/t gold. McClelland assessed

the gold recoveries using gravity concentration and cyanidation, with both sets of tests being done at a

range of commercially reasonable grind sizes.

The gravity recoverable gold (GRG) tests were performed in triplicate on three 15 kg sub -samples from

the bulk sample, at grind sizes that reflect coarse, medium and fine options: 80% passing (P80) 850, 250

and 75 microns. The results, presented in Table 1, demonstrate that most of the gold can be recovered to a

rougher concentrate using gravity methods.

Table 1. Gravity recoverable gold test results

P(80) Gold

Recovery

850 microns 41%

250 microns 73%

75 microns 84%

Gold recovery by cyanidation was assessed through bottle roll tests on four 2 kg sub -samples from the

bulk sample, also at a range of grind sizes typical for a cyanidation process flowsheet. The results,

presented in Table 2, show very high recoveries . Consumption of cyanide and lime were both low, an

additional benefit as this reduces operating costs.

Table 2. Cyanidation test results

P(80) Gold

recovery

250 microns 93%

150 microns 98%

105 microns 98%

75 microns 98%

Based on these positive results, TriStar will continue to assess the metallurgical characteristics of the

Castelo de Son hos deposit . Additional test -work will be aimed at establishing standard operating

procedures for crushing and grinding, gold recovery and tailings disposal.

Tony Brown, MIMMM, C.Eng, TriStar’s Manager of Metallurgical Engineering, is the QP for this pres s

release and has prepared or supervised the preparation of the scientific or technical information in this

press release and approves its publication.

About TriStar:

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

Americas that have potential to become significant producing mines. The Company’s current flagship

property is Castelo de Sonhos in Pará State, Brazil. The Company’s shares are listed on the TSX Venture

Exchange under the symbol TSG. Further information is available at www.tristargold.com.

For further information, please contact:

TriStar Gold Inc.

Nick Appleyard

President and CEO

480-794-1244

[email protected]

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 commissi on

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, the scope and success of the planned

exploration program at the Castelo de Sonhos project and the Company's opinion that it has clear title to the Castelo de Sonhos

property 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 assumpti ons 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 ca use 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; legisl ative,

political or economic developments in Braz il; 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 real ize

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 progra ms;

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.