TriStar Announces Non-Brokered Financing to Raise Up to $5,000,000

November 10, 2010

TriStar Gold Inc. (“TriStar”) intends to raise up to $5,000,000 through the non-brokered private placement of up to 20,000,000 units (the “Units”) at the price of $0.25 per Unit. Each Unit will consist of one common share of TriStar and one share purchase warrant (a ”Warrant”). Each Warrant will entitle the holder to purchase one additional common share of TriStar at the price of $0.30 per share for a period of five years.

Net proceeds from the private placement will be applied to TriStar’s general working capital..

Certain directors and officers of TriStar may acquire Units under the private placement. Any such participation would be considered to be a related party transaction as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

This private placement is subject to approval of the TSX Venture Exchange.

About TriStar:

TriStar Gold is a gold exploration company focused on high-potential properties in Brazil. TriStar holds exploration projects in Pará State of Brazil known as the Castelo dos Sonhos property and in the Tapajos district known as the Bom Jardim and the Andorinhas properties. 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.