Castelo de Sonhos Drilling Update

February 7, 2012

HOUSTON, TX – The current drilling campaign being conducted by TriStar Gold Inc. at its 100% owned Castelo de Sonhos property in Southwestern Pará State, Brazil is well under way.

To date, a total of 29 diamond drill holes have been completed for a total of 4,812.60 meters of core drilling. This is part of the first phase of the planned drilling campaign comprising a minimum of 5,000 meters of drilling, aiming to cover the two main targets at Castelo de Sonhos project, the Esperança Center and Esperança South geochemical anomalies. Partial assay results have been received and when all results are in, the results will be announced. The receipt of assay results has been delayed due to the high volume of exploration activities in Brazil.

Exploration is ongoing with emphasis on geological mapping and soil sampling in the remaining areas of the Castelo de Sonhos plateau. Soil sampling is also under way over new targets defined by the airborne survey completed in October 2011. One of these geophysical targets is currently being drilled.

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 exploration projects in the Tapajós district known as the Bom Jardim and the Andorinhas Property. The Company’s shares are listed on the TSX Venture Exchange under the symbol TSG-V. Further information is available at

For further information, please contact:

TriStar Gold Inc.
Mark Jones III
Chairman and CEO

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 forwardlooking 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.