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TriStar Gold Inc.

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Summary

Project:

Castelo de Sonhos

Deposit:Castelo de Sonhos
Location:Brazil
Commodities:Gold
Date:11/16/2018
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing PEA
Report details:16-11-2018: TriStar Gold Inc. announces a PEA report for its Castelo de Sonhos deposit at the Castelo de Sonhos project. PEA results incl. post-tax NPV of US $264M (5%), IRR of 43%, 9.1yr life of mine. (Scottsdale, AZ), On behalf of TriStar Gold Inc. (the
Resources:(Resource): 17.7Mt @ 1.2g/t Au for 0.7Moz Au (Ind.), 39.8Mt @ 1.0g/t Au for 1.3Moz Au (Inf.)
CP/QP:[Overall Report]: Porfirio Cabaleiro Rodriguez (GE21 Consultoria Mineral)
ABSTRACT:(Scottsdale, AZ), On behalf of TriStar Gold Inc. (the “Company” or “TriStar”), GE21 Consultoria Mineral Ltda (“GE21”) of Belo Horizonte, Brazil, has completed the Preliminary Economic Assessment (“PEA”) for the Company’s Castelo de Sonhos gold project in southern Pará State, Brazil. Key highlights of the PEA include the following: • Life-of-mine recoverable gold of 1.1 million ounces (“Moz”) • Internal rate of return pre-tax of 51% • Cash cost of $660 • All in sustaining cost (“AISC”) of $687 Nick Appleyard, TriStar’s President and CEO stated: “This study now shows a robust, low cost base case for the Castelo de Sonhos gold project. With payback in less than two years and an average production of nearly 160,000 ounces per year for the first four years, the remarkable potential of this project is coming into focus. We intend to complete further drilling in 2019 with an aim to further increase the mineral resource estimate”.

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