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Houston, TX – TriStar Gold Inc. (the Company)  is pleased to announce  the results of the first round of holes completed in the second phase diamond drilling at the Company’s 100% owned Castelo de Sonhos Gold Project in the Tapajos region of Para state, Brazil. Results have been received for fifteen (15) holes drilled at the Esperança South Target.

The second phase of drilling at Castelo de Sonhos started on July 17th  with two drill rigs, both initially located at the Esperança  South target which have since been moved to the Esperança East and Center targets. A total of 30 holes totalling 3,690 meters of a planned 44 holes totalling a minimum of 5,000 meters have been drilled to date in this second phase campaign.

Eleven of the completed holes, for which results have been received, encountered mineralization and the table below shows the most significant results for those holes. Hole CSH-34 was stopped due to technical problems without reaching the targeted mineralized zone and was drilled again as Hole CSH-36.

Esperança South Target
Hole Intercept (Au) From (m) To (m) Final Depth (m)
CSH-35 2.00 m at 2.98 g/t 24.00 26.00 40.75
CSH-36 8.00 m at 1.46 g/t 119.00 127.00 149.85
CSH-37

2.00 m at 4.26 g/t

2.00 m at 3.36 g/t

25.00

41.00

27.00

43.00

104.05

CSH-39

 

or

2.00 m at 1.24 g/t

2.00 m at 1.13 g/t

32.00 m at 0.51 g/t

52.00

82.00

52.00

54.00

84.00

84.00

120.00

CSH-40

Including

20.00 m at 2.86 g/t

4.00 m at 6.19 g/t

6.00 m at 4.74 g/t

63.00

69.00

77.00

83.00

73.00

83.00

120.00
CSH-41

3.20 m at 4.46 g/t

2.00 m at 1.54 g/t

79.20

132.00

82.40

134.00

150.45
CSH-42 2.00 m at 1.06 g/t 24.00 26.00 101.65
CSH-43

11.50 m at 1.60 g/t

2.00 m at 1.99 g/t

48.50

102.00

60.00

104.00

116.80
CSH-44 including

13.90 m at 4.51 g/t

7.90 m at 7.38 g/t

45.00

51.00

58.90

58.90

60.80
CSH-47 including

4.00 m at 4.44 g/t

2.00 m at 8.34 g/t

111.00

113.00

115.00

115.00

140.40

CSH-48

 

or

2.00 m at 1.14 g/t

1.75 m at 1.19 g/t

11.00 m at 0.64 g/t

117.00

123.00

117.0

119.00

124.75

128.00

139.50

All holes were drilled inclined between 45 to 55 degrees of the horizontal and were planned to intercept mineralization at right angles

The principal goals for the second phase drilling at the Esperança South target were to add more drill holes in previously drilled sections and also, to fill in and extend the drilling grid to the north, where the soil geochemistry widens.

With the results of holes CSH-43, the northernmost positive one, and CSH-44, the southernmost positive one, the strike length of the mineralized zone at Esperança South has been extended from 1,400 meters to 2,600 meters. This zone is still open in both directions, to the north and to the south, within a soil geochemistry anomaly which extends for over 5,500 meters.  In at least two drill sections, the down dip length of the mineralization extends for approximately 150 meters. Also, the results   of   holes   CSH-37,   CSH-40,   CSH-41,   CSH-44   and   CSH-47   have   enhanced   the mineralization in sections previously drilled.

Except for the two most northerly drill sections (Section DH-42 and section DH-43) at Esperança South, which are 780 meters apart, all other drilled sections are between  100 and 200 meters apart.

“These  drilling  results  duplicate  the phase one drilling  campaign  rate of success  at Esperança South, where 11 holes of 14 holes intercepted mineralization.  The thicknesses  and grades now identified,  also confirm  the same pattern  as observed  in the phase one drilling campaign,  with mineralized zones ranging between 1 to 20 meters thick with grades up to 8 g/t gold. We are very excited by these results and by the upside potential at Castelo de Sonhos as all soil geochemistry anomalies and conglomerates extend over more than 15 kilometers. Moreover, the mineralization identified so far at Esperança South is still well open to the north and to the south”, Vice President of Exploration Elton Pereira said.

Mark  E  Jones  III,  President  and  CEO  of  TriStar  stated:  “We  are  pleased  with  the  continuing progress at Castelo de Sonhos. These results confirm the similarity with both the Jacobina and Tarkwa deposits. Twenty-nine drill holes remain to be reported in this drilling campaign which will test the Esperança Center and Esperança East anomalies. This drilling confirms our positive view of the project."

Castelo de Sonhos is a property where gold mineralization is hosted in proterozoic conglomerates similar to those encountered at comparable gold deposits also associated with proterozoic conglomerates, like Jacobina in Northeastern Brazil and Tarkwa in Ghana (Western Africa).

Sampling Procedures 

The recovered HQ and NQ size cores were split in half by a standard rock saw. One-half was sent to the laboratory  in intervals  not greater  than  2 meters  length  and  cut depending  on geologic parameters. The remaining half-core was stored on site. The samples were bagged in batches of forty (40) samples and sent from the project site to the city of Parauapebas (Carajás), where SGS- Geosol Labs has a sample prep facility.

All samples were dried at 60°C, 100% crushed to 95% minus 2mm and homogenized.

For those samples in which visible gold were not identified, a split of 250-300g aliquot was taken and pulverized to 95% minus 150 mesh, from where a new split of 50g aliquot was taken to be analyzed by fire assay/atomic absorption.

For those samples in which visible gold was identified, to minimize the nugget effect, a minimum of 1 Kg was pulverized to 95% minus 150 mesh and sieved in a 150 mesh sieve. The oversize was weighed and analyzed by fire assay/atomic absorption. The undersize was weighed, homogenized and  two  aliquots  of  50g  were  split  to  be  analyzed  by  fire  assay/atomic  absorption.  Balance between weights and assays of the oversize and undersize resulted in sample’s final assay.

For both types of preparation,  the pulps were airfreighted  to be assayed at SGS-Geosol  lab in Vespasiano, Minas Gerais state. In addition to the laboratory quality control, TriStar has added its own certified standard check samples each 10 samples. 

Mr. Rodrigo Mello, FAusIMM, a qualified person as defined in NI 43-101, has read and approved the technical portions of this release.

About TriStar:

TriStar Gold is a well-financed  gold exploration company focused on high-potential properties in Brazil. In addition to Castelo de Sonhos, TriStar holds another exploration project in the Tapajós district known as the Bom Jardim Property. The Company’s shares are listed on the TSX Venture Exchange under the symbol TSG-V. Further information is available at  www.tristarau.com

For further information, please contact:

TriStar Gold Inc.
Mark Jones III
Chairman and CEO
281-579-3400
info@tristarau.com

Neither 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.  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;  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.  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.