March 2018 1
DISCLAIMER 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 presentation. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements contained in this presentation may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the "safe harbor" 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 ofwork may differ from projections/expectations or may not realize the perceived potential of the company s projects; risks of accidents, equipment breakdowns and labor 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. Mo Srivastava, Vice President of TriStar Gold, is the Qualified Person who supervised the preparation of the technical information contained in this presentation and approves its publication. 2
AN OUTSTANDING TEAM WITH A PROVEN TRACK RECORD DEVELOPING AN EXCEPTIONAL GOLD DEPOSIT 3
MANAGEMENT & DIRECTORS Management SCOTT BRUNSDON CHIEF FINANCIAL OFFICER Former CFO of Chaparral Gold, International Minerals and Placer Dome North America MO SRIVASTAVA VICE PRESIDENT Founder and President of FSS Canada Consultants and Benchmark Six Advisor to Boards of Directors NICK APPLEYARD PRESIDENT, CEO, DIRECTOR Former CEO of Chaparral Gold Former Vice President of Corporate Development for International Minerals MARK E. JONES III CHAIRMAN Founder & Chairman of Brazauro Founder & Director of Crown Resources Director of Arequipa Resources Vice Chairman of Solitario BRIAN IRWIN CORPORATE SECRETARY, DIRECTOR Former partner at Dumoulin Black Law Firm Former Chairman of Ashton Mining Directors DIANE GARRETT DIRECTOR President and CEO of Nickel Creek Platinum Chair of Revival Gold Former President and CEO of Romarco Minerals LEENDERT KROL DIRECTOR Director of Victoria Gold and Romarco Minerals Former Vice President and Director for Newmont ELTON PEREIRA VICE PRESIDENT 25+ years experience in mineral exploration throughout Brazil Former exploration manager for Rio Tinto QUINTON HENNIGH DIRECTOR President and Chairman of Novo Resources Former exploration geologist with Homestake, Newmont, Newcrest CARLOS VILHENA DIRECTOR Partner at Pinheiro Neto Advogados (Brazil) International Affairs Officer, Brazilian Mining Association 4
CAPITAL STRUCTURE Ownership As at 1 March 2018 Market Capitalization ~$C 40 million Shares Issued 168.5 million Cash ~$C 3 million Fully Diluted Shares 207.4 million Share Price $C 0.24 Stock Options 15.5 million 52-week Range $C 0.18 0.44 Warrants 23.4 million Majority of stock is held by funds, management, directors and associates Analyst Coverage: Paradigm Capital - Don Blyth 50 day moving average 5
An Exceptional Gold Deposit 1. Size CASTELO DE SONHOS Large gold deposit: 16 km strike, open at depth 2. Location Mining-friendly jurisdiction Close to infrastructure, power, water and labour Far from indigenous and environmentally sensitive land 3. Simple Mining Mineralization at surface simple open pit Good metallurgical properties high gold recovery 4. Operating analogous deposits: Tarkwa and Jacobina 6
RESOURCES December 2017 Resource Estimate based on: 312 drill holes totalling 37,430 metres 19,900 m of core drilling 15,000 m of RC drilling Indicated - 8.9 Mt @ 1.8 g/t, containing 0.5 Moz of gold Inferred - 26.2 Mt @ 1.2 g/t, containing 1.0 Moz of gold Details available in the December 4 th 2017 press release entitled TRISTAR GOLD CONTINUES TO EXPAND RESOURCES AT CASTELO DE SONHOS. 7
CONTINUED RESOURCE GROWTH 2018 Drill Targets defined o Mainly shallow RC drilling o Optical Televiewer imaging o Down hole petrophysics o 1 kg Leachwell assays Drilling aimed at increasing resources 8
2016 CDS PROJECT MILESTONES 2015 Q1 Q2 Q3 Q4 Dec New Management: Investment $1.3M Mar NI 43-101 Report on Exploration Target Range July $4.3M Financing New Institutional Investor 100% ownership Castelo de Sonhos Sept Extension Drilling begins Extension Drilling Castelo de Sonhos Nov Phase 1 Drilling complete 2017 Q1 Q2 Q3 Q4 13.2 million warrants exercised: $2.1M Jan Phase 2 Drilling complete Jul $5.1M Financing Phase 3 Drilling Castelo de Sonhos Dec Resource Update 2018 Q1 Q2 Q3 Q4 Jan $2.9M Financing Planned: Further drilling, updated resource estimate Preliminary Economic Assessment 9
CONTACT INFORMATION Headquarters, (U.S.A.) Nick Appleyard: President & CEO Scott Brunsdon: CFO Scottsdale Office: +1 (480) 794-1244 Rahim Lakha: Corporate Communications (Toronto) +1 (416) 414-9954 TSX.V: TSG Website: www.tristargold.com info@tristargold.com E-mail: 10
TECHNICAL APPENDIX Location of CDS plateau & village Field camp office at CDS Tunnels dug by garimpeiros at CDS Sample storage at CDS field camp Esperança Central View of the Southwest extension from the air 11
2017 Resource Region Esperança South Esperança Center Project Total Resource Category Indicated Inferred Tonnage (Mt) 8.9 14.9 Grade (g/t Au) 1.8 1.2 Metal Content 1 (Moz Au) 0.5 Indicated 0 0 0 0.6 Inferred 11.3 1.0 0.4 Indicated 8.9 1.8 0.5 Inferred 26.2 1.2 1.0 1 The metal content estimates reflect gold in situ, and do not include factors such as external dilution, mining losses and process recovery losses. Numbers have been rounded to reflect the precision of Inferred and Indicated mineral resource estimates. The reporting cutoff corresponds to the approximate marginal cutoff for an open pit with total operating cost (non-waste mining + processing + G&A) of $US 15.00/t, metallurgical recovery of 98% and a gold price of $US 1,200/oz. These are mineral resources and not reserves and as such do not have demonstrated economic viability. TriStar is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing or political factors that might materially affect these mineral resource estimates. 12
RC VERSUS CORE DRILLING Results give high degree of confidence in RC sampling protocols and results. 13
ESPERANÇA CENTRAL Section A A 14m @ 0.4g/t Elevation 590m 8m @ 0.3g/t 9.8m @ 0.5g/t 540m 15m @ 0.3g/t 16m @ 0.4g/t 14m @ 0.3g/t 7.75m @ 0.4g/t 490m 4m @ 0.4g/t 2m @ 3.5g/t N 18m @ 0.7g/t 5m @ 2.8g/t 1m @ 2.5g/t 12m @ 2.3g/t A A B B C 0 10 20 30 40 50 m C 1000m 14
ESPERANÇA SOUTH Section B B Elevation 630m? 11m @ 1.0g/t >7.6m @ ~0.5g/t 5.7m @ 0.4g/t 16m @ 0.5g/t 580m 30.8m @ 1.7g/t 530m 46m @ 0.6g/t 34m @ 0.5g/t 25m @ 0.4g/t N A A 0 10 20 30 40 50 m B B C C 1000m 15
ESPERANÇA SOUTH Section C C Elevation 620m 2m @ 2.5g/t 1m @ 0.4g/t 18m @ 0.6g/t 1m @ 0.5g/t 570m 2m @ 1.1g/t 16m @ 3.0g/t 14m @ 3.2g/t N 520m 16m @ 1.0g/t A A 1m @ 3.1g/t 0 10 20 30 40 50 m B B C C 1000m 16
DEPOSITIONAL ENVIRONMENT Two billion years ago, a large continent lay near the South Pole, with a chain of lode gold deposits along its central mountain ridge. Gold accumulated in placer deposits down-slope, in alluvial fans, on beaches and in the near-shore marine environment. In modern times, these now include gold deposits at Tarkwa, Jacobina and Castelo de Sonhos. Castelo de Sonhos ~10 Moz Au 1.9 g/t (pit) Jacobina Tarkwa ~30 Moz Au 1.2 g/t (pit) Plate Data provided by Dr. Bruce Eglington (University of Saskatchewan) 17