More Positive Drill Results from TriStar Castelo De Sonhos Project

Scottsdale, Arizona--(Newsfile Corp. - February 27, 2020) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (the "Company" or "TriStar") is pleased to announce additional results from the drilling campaign at its Castelo de Sonhos gold project. This month we have received results for 16 reverse-circulation (RC) drill holes completed in December, (of a planned total of approximately 200 holes). Significant intersections from these drill results include:

• 20m @ 1.3 g/t from 100-120m in RC-19-399
• 13m @ 1.1 g/t from 35-48m in RC-19-400
• 3m @ 9.3 g/t from 39-42m in RC-19-409, includes 1m @ 26.6 g/t from 39-40m

True widths are approximately 90% of the downhole lengths reported above.

"The infill drill program continues to deliver good results," said Nick Appleyard President and CEO. "A core rig is now on site and preparing to do some infill drilling as well as geotechnical work required for the pre-feasibility study. Early in March we will release one (of the two on site) RC rig, which will allow us to keep an RC rig on site for use as the GoldSpot Discoveries work starts to develop targets for exploration upside drilling."

Toronto conferences

TriStar will be attending and presenting at conferences in Toronto Canada over the next 7 days as shown below. Please come and see us at one of these presentations, or visit our PDAC booth (#2152) where TriStar's technical team will be available to answer any of your questions.

Red Cloud Mining Showcase:
Session Date: 2:40pm on February 28th
Location: Omni King Edward Hotel
Room: Vanity Fair B

Metals Investor Forum:
Session Date: 2:10pm on Sunday March 1st
Location: The Delta Hotel (Level 3)
Room: Soco Foyer & Ballrooms

Corporate Presentation Forum for Investors at PDAC:
Session Date: 10:45am on Tuesday March 3rd
Location: Metro Toronto Convention Center, South Building (Level 800), room: 802
Session Name: Gold: Americas 4

Drilling

TriStar continuously monitors drill results by evaluating whether they meet, fail to meet or exceed expectations from previous nearby drill holes. Of the 16 holes reported here, 12 meet or exceed expectations. Work is underway to optimize the remainder of the drill program based on all of the results obtained to date, with a focus on identifying zones that may potentially be classified as Inferred resources with the projected pit areas. Such areas will receive additional drilling.

Detailed summaries of drill hole locations and significant intervals have been added to the CDS project page of the company website (www.tristargold.com) along with a complete list of all significant intervals for the project.

Figure 1, Drill plan for Esperança South, highlighting locations of drill holes discussed in this press release. Blow-up showing detailed locations of reported drill holes. New holes are drilled vertically to a maximum targeted depth of 120m.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4509/52894_7aea45f034a76971_002full.jpg

Assay methods, Quality Assurance and Quality Control (QA/QC)

All drill hole samples are analyzed using a fire assay analysis of the chips collected from the RC holes. Any sample that returns greater than 0.1 g/t gold is automatically submitted for a duplicate fire assay analysis and the average grade is used. Samples are transported by truck from the site to the ALS preparation lab in Goiania, Brazil, where they are dried, crushed, pulverized and packaged for shipment to the ALS analytical lab in Lima, Peru.

The ALS preparation and analytical labs are accredited to ISO 17025:2005 UKAS ref 4028, and have internal QA/QC programs for monitoring accuracy and precision. In addition to this, TriStar uses standards, blanks and field duplicates in an external QA/QC program to provide independent monitoring of laboratory analyses.

Qualified Person

R. Mohan Srivastava (P.Geo.), Vice President of TriStar, is the Qualified Person who has reviewed the technical information contained in this news release and has approved its disclosure.

About TriStar:

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the 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 and on the OTCQB under the symbol TSGZF. Further information is available at www.tristargold.com.

For further information, please contact:

TriStar Gold Inc.
Nick Appleyard
President and CEO
480-794-1244
moc.dlogratsirt@ofni

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 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 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. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52894