Control and Direction Over Subscription Receipts Of Tristar Gold Inc.

Sun Valley Gold LLC (“Sun Valley”) announced today that it has acquired control and direction overSun Valley Gold LLC (“Sun Valley”) announced today that it has acquired control and direction over3,000,000 units (“Units”) of TriStar Gold Inc. (“TriStar”) on behalf of the Sun Valley Gold Master Fund Ltd.(the “Master Fund”), a client account over which Sun Valley has discretionary trading authority. The Units,which are beneficially owned by the Master Fund, were acquired pursuant to a private placement by TriStar(the “Offering”) of a total of 22,079,500 Units for a subscription price of $0.10 per Unit. Each Unit consists ofone common share of TriStar and one common share purchase warrant. Each warrant entitles the holder topurchase one common share at a price of $0.13 per share until September 7, 2015.

Following completion of the Offering, Sun Valley exercises control and direction over 7,747,300 commonshares and 3,000,000 warrants for and on behalf of the Master Fund. The 7,747,300 common shares overwhich Sun Valley exercises control and direction for and on behalf of the Master Fund representapproximately 9.48% of the issued and outstanding common shares of TriStar. If exercised, the 3,000,000warrants over which Sun Valley exercises control and direction for and on behalf of the Master Fund would,together with such shares, represent approximately 12.68% of the issued and outstanding common shares ofTriStar (after giving effect to the exercise of such warrants, but not the exercise of any other share purchasewarrants issued by TriStar).

The securities of TriStar were acquired for investment purposes. Sun Valley may increase or decrease itsownership of securities of TriStar depending upon future market conditions.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORTFILED BY SUN VALLEY UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THECONTACT INFORMATION BELOW:

Linda J. Kish
Chief Legal Officer, Sun Valley Gold LLC
Tel: (208) 726-2399