Tristar’S Castelo de Sonhos Reaches Major Milestone
February 6, 2017 Trading Symbol: TSG-TSX.V
TRISTAR’S CASTELO DE SONHOS REACHES MAJOR MILESTONE
Scottsdale, AZ, TriStar Gold Inc. (the “Company” or “TriStar”) announces that Brazil’s Departamento
Nacional de Produção Mineral (“DNPM”) has reviewed TriStar’s Final Exploration Report (the “Report”)
for the main concession of the Castelo de Sonhos gold project. The recommendation from DNPM officials
is for approval of the Report, subject to an agreement on the reduction of the area of the concession.
“This is wonderful news for the project,” says Nick Appleyard, TriStar’s President and CEO, “because it is
a large step forward in converting the central part of the project area from an exploration concession to a
mining concession”.
Final DNPM approval commonly requires that companies submit a proposal for new legal boundaries for
the concession that will delimit the area where the reported resources lie. T riStar’s proposal, which has
already been submitted to DNPM and awaits their review, removes the eastern third of the original mineral
concession, and retains all of the area on the Castelo de Sonhos plateau where gold mineralization has been
identified (Figure 1).
Figure 1. TriStar’s proposal for new concession boundaries for the Castelo de Sonhos gold project.
The DNPM approval pertains to concession 850329/2002 (see Figure 1). Gold mineralization at Castelo de
Sonhos spans parts of four other mineral concessions, all of which are hel d by TriStar’s 100% -owned
Brazilian subsidiary, Mineração Castelo dos Sonhos Ltda. F or three of these concessions (850310/2011,
850311/211 and 850784/2009) Final Exploration Reports will be submitted to DNPM in Q3 of 2017. For
the fourth concession, its Final Exploration Reports is not due until 2022.
Under the regulatory and permitting system administered by DNPM in Brazil, once a concession’s Final
Exploration Report has been approved, the holder has one year to submit the Plano de Aproveitamento
Economico (Economic Exploitation Plan) required to convert an exp loration concession to a mining
concession. Once a mining concession is established, an environmental impact study and an application for
an operational permit follow. Once these milestones are achieved, groups of contiguous concessions can be
consolidated into a single operating mine.
About TriStar:
TriStar Gold is an exploration and development company focused on precious metals properties 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
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 Securit ies
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 t hat 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 res ults,
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 develop ments
in Brazil; 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 connec tion
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 min ing
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.