TriStar Gold : Corporate Presentation - January 2023

DEVELOPING GOLD DELIVERING VALUE

Corporate Presentation

January 2023

www.tristargold.com	TSXV: TSG | OTCQX: TSGZF

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 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 all estimates from the PFS such as the cash flow, IRR, NPVs, cash cost, AISC, initial capital, life of mine production, average annual production and payback period time. 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.

Alan Lambden, Project Geologist of TriStar Gold, is the Qualified Person who has reviewed and approved the technical information contained in this presentation and approves its publication.

Tristar Gold | TSXV: TSG | OTCQX: TSGZF	www.tristargold.com	2

MANAGEMENT

NICK APPLEYARD

President, CEO, Director

Nick Appleyard was appointed President and CEO in December 2015. He has executive experience in mining having previously been the CEO of Chaparral Gold and Vice President Corporate Development for International Minerals. Nick has over 25 years

international experience in Directorsprecious metals exploration and

mining. He has managed exploration, development and production JVs in North and South America, including extensive project development experience in South America with more than ten years in-country, and prior to that in Australia.

Nick is fluent in Spanish, holds a Bachelor of Science (Geology) from Curtin University, Australia.

SCOTT BRUNSDON

Chief Financial Officer

Scott Brunsdon was appointed Chief Financial Officer in December 2015. He brings extensive experience as a senior- level finance executive in the mining industry including as CFO for Chaparral Gold, International Minerals and Placer Dome NA. He has been a Director and senior manager with several mining companies and has over 28 years' experience in public company management, corporate development, public listings, mergers and acquisitions.

Scott holds a Master's degree in

Business Administration from the University of British Columbia.

MARCUS BREWSTER

Chief Operating Officer

Marcus Brewster is a geologist and mining engineer who has specific experience in both technical and managerial positions operating large scale paleoplacer gold mines. This includes progressively more senior roles at the Tarkwa mine, and Damang Gold Mines in Ghana, ultimately becoming the General Manager at Damang. Marcus' experience also includes General Manager of several other gold mines and previous experience as a Chief Operating Officer.

His language skills include English (native), plus German, Swiss German, Portuguese, and French.

FABIO MOZZER

Vice President

Fabio is an engineering geologist with a Bachelor's degree from the Federal University of Ouro Preto.

He has over 25 years of experience in both mining and exploration, mainly in gold and diamonds throughout Brazil but also including environmental management. Fabio has been with TriStar since inception, before which worked for Brazauro and Rio Tinto.

ANDREW GRANT

Vice President

Andrew has a Master's degree in Corporate Social Responsibility from the University of Barcelona, is a graduate of the McRae Institute of International Management's Latin American Management Program, and has an undergraduate degree in Spanish and Economics from the University of Victoria. He is a corporate social responsibility and strategic operations specialist. Having worked in over 40 countries, he implements stakeholder engagement strategies, building partnerships between companies, civil society and governments to maximize the positive impact of social and environmental investment.

Tristar Gold | TSXV: TSG | OTCQX: TSGZF	www.tristargold.com	3

BOARD OF DIRECTORS

MARK E. JONES III

Chairman

Mr. Jones III, has been associated with several mining companies including Brazauro Resources, where he served as founder and Chairman (acquired by Eldorado Gold Corporation in 2004); founder and Director of Crown Resources (acquired by Kinross Gold in 2006); Director of Arequipa Resources (sold to Barrick Gold for C$1 billion) and is currently Vice-Chairman of Solitario Exploration & Royalty Corp. Prior to 1984 Mark was involved in the investment banking business as a partner in Jones Lloyd & Webster.

MARK ISTO

Director

Mr. Isto has 38 years of experience in mining engineering, mine management, and project development on a regional and global basis. Mr. Isto is currently the Executive Vice President and Chief Operating Officer for Royal Gold Corporation. Previously he served as Vice President, Operations for First Nickel Inc. and Senior Vice President in the Projects Group at Kinross Gold Corp. He served as Mine General Manager of Golden Sunlight Mines, Inc. (Placer Dome America) and previously held numerous other management positions in Placer Dome's global operations.

CARLOS VILHENA

Director

Mr. Vilhena is a partner at the law firm of Pinheiro Neto Advogados, in Brasilia, Brazil. Mr. Vilhena acts as the International Affairs Officer of the Brazilian Mining Association - IBRAM. He also acts as Secretary of the Mining Committee of the Section on Energy, Environment, Natural Resources and Infrastructure Law of the International Bar Association. Mr. Vilhena holds an LLM degree in Natural Resources Law from the Centre for Energy, Petroleum, and Mineral Law and Policy at the University of Dundee, Scotland and an LLB in Law from the University of Brasilia Law School.

ERIC ZAUNSCHERB

Director

Mr. Zaunscherb is a Canadian geologist with over thirty-two years, and six cycles, of experience as a mining analyst. He most recently served as Managing Director, Research - Metals & Mining Analyst at Canaccord Genuity where he coordinated the firm's global mining equity research team. He has enjoyed working in Toronto, Vancouver, and London, experiencing best practices in Capital Markets at several leading firms and conducting hundreds of exploration, development and mining project site visits globally.

ROD MCKEEN

Lead Independent Director

Mr. McKeen retired as of January, 2018, and has over 35 years of legal experience acting for Canadian public companies with an international focus, primarily in the natural resources sector. His practice included all types of corporate equity and debt financings, mergers and acquisitions and mining agreements and transactions. A number of his clients progressed from private start-up companies to publicly-listed emerging companies with established businesses trading on the Toronto Stock Exchange and U.S. and European stock exchanges.

JESSICA VAN DEN AKKER

Director

Ms. Van Den Akker is a Chartered Professional Accountant (CA) with 15 years' experience in the resource sector. She is currently the CFO of Kore Mining. She gained extensive experience through a Canadian audit firm providing reporting and accounting assurance services to publicly traded companies, primarily in natural resources. Ms. Van Den Akker is a graduate of Simon Fraser University where she received a Bachelor of Business Administration.

NICK APPLEYARD

President, CEO, Director

Nick Appleyard was appointed President and CEO in December 2015. He has executive experience in mining having previously been the CEO of Chaparral Gold and Vice President Corporate Development for International Minerals. Nick has over 25 years international experience in precious metals exploration and mining. He has managed exploration, development and production JVs in North and South America, including extensive project development experience in South America with more than ten years in-country, and prior to that in Australia.

Nick is fluent in Spanish, holds a Bachelor of Science (Geology) from Curtin University, Australia.

Tristar Gold | TSXV: TSG | OTCQX: TSGZF	www.tristargold.com	4

ESG LEADERSHIP

Board of Directors	The industry is growing and changing significantly in the way it views responsibility, governance and transparency and
Tristar intends to be on the forefront of driving these sorts of positive changes at all stages of mine development wherever
	we operate.

ESG Board Committee	We are committed to operating in compliance with relevant Performance Standards of the International Finance
Corporation, as well as the Equator Principles - the risk management framework adopted by leading financial institutions
	to assess and manage social and environmental risk in project finance.

Management	Tristar staff and contractors operate in accordance with our internal social relations and environmental policies
developed and implemented by C-Suite and VP level executives in line with Board of Director policies and in consultation
	with field staff in Brazil.

Field Staff

Are guided in all our work by these policies covering: pollution prevention, stakeholder engagement, human rights and the responsible management of water, biodiversity and cultural heritage.

Tristar Gold | TSXV: TSG | OTCQX: TSGZF	www.tristargold.com	5