May 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 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 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 DEVELOPING PROVEN TRACK AN EXCEPTIONAL RECORD GOLD DEPOSIT 3
INVESTMENT HIGHLIGHTS • Competent management with proven track record - multiple recent success stories • Chaparral Gold, International Minerals, Brazauro • Large scale gold project (16k strike) with open pit and simple efficient metallurgy • Gold resource has grown by factor of 5 in last 18 months • Only half prospective target currently drilled • Available infrastructure • Connected to grid power , • Close to highway, labour, water, etc • No close parks or indigenous communities • Established mining jurisdiction 4 4
MANAGEMENT & DIRECTORS NICK APPLEYARD P RESIDENT , CEO, D IRECTOR • Former CEO of Chaparral Gold • Former Vice President of Corporate Development for International Directors Management Minerals SCOTT BRUNSDON DIANE GARRETT MARK E. JONES III C HIEF F INANCIAL O FFICER D IRECTOR C HAIRMAN • Former CFO of Chaparral Gold, • President and CEO of Nickel • Founder & Chairman of Brazauro International Minerals and • Founder & Director of Crown Resources Creek Platinum Placer Dome North America • Chair of Revival Gold • Director of Arequipa Resources • Former President and CEO of • Vice Chairman of Solitario Romarco Minerals MO SRIVASTAVA BRIAN IRWIN LEENDERT KROL V ICE P RESIDENT C ORPORATE S ECRETARY , D IRECTOR D IRECTOR • Founder and President of FSS • Former partner at Dumoulin Black • Director of Victoria Gold Canada Consultants and Law Firm and Romarco Minerals Benchmark Six • Former Chairman of Ashton • Former Vice President and • Advisor to Boards of Directors Mining Director for Newmont ELTON PEREIRA CARLOS VILHENA QUINTON HENNIGH V ICE P RESIDENT D IRECTOR D IRECTOR • 25+ years experience in mineral • Partner at Pinheiro Neto • President and Chairman of Novo exploration throughout Brazil Advogados (Brazil) Resources • Former exploration manager for • International Affairs Officer, • Former exploration geologist with Rio Tinto Brazilian Mining Association Homestake, Newmont, Newcrest 5
CAPITAL STRUCTURE As at 30 April 2018 Ownership ~ $C 37 million Market Capitalization Shares Issued 168.5 million ~ $C 2 million Cash Fully Diluted Shares 207.4 million Share Price $C 0.22 Stock Options 15.5 million 52-week Range $C 0.18 – 0.40 Warrants 23.4 million • Insiders and Assocs are owners and aligned with shareholders • High quality institutional investors, and • Significant free float. Analyst Coverage: Paradigm Capital - Don Blyth 6
CASTELO DE SONHOS An Exceptional Gold Deposit 1. Size • 26,750 Ha property 100% owned by TriStar Gold • Large gold deposit: 16 km strike, open at depth 2. Great Infrastructure • Mining-friendly jurisdiction • Connected to grid power • Close to highway, 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 • Environmentally clean → no sulphides 4. Same type of deposit as currently producing mines: Tarkwa and Jacobina 7
December 2017 NI 43-101 Resource Estimate • based on: • 312 drill holes totaling 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 ”. 8 8
2018 DRILLING PLAN CONTINUED RESOURCE GROWTH • 2018 Drill Targets • In new areas, with • Conglomerate • Gold-in-soil • Gold-in-outcrop • Mainly shallow RC drilling • Optical Televiewer imaging • Down hole petrophysics • Aim – Increase gold resource 9 9
COST EFFICIENT GOLD RESOURCES TriStar discovery cost US$4.75/oz Jan 2016 to Dec 2017 CDS Acquisition, $1.13 CDS Exploration, $3.62 NOTE: the global average numbers are exploration discovery costs, so compare to the CDS exploration cost of $3.62/oz. TriStar Golds ‘all - in’ number including G&A is US$7.67/oz 10
CDS PROJECT MILESTONES 2016 Q3 Q4 2015 Q2 Q1 Extension Drilling July Dec Mar New $4.3M Financing • Nov NI 43-101 Sept Management: New Institutional Phase 1 • Extension Report on Investment Investor Drilling Drilling Exploration $1.3M 100% ownership Castelo complete • begins Target Range de Sonhos 2017 Q1 Q2 Q3 Q4 Jul 13.2 million warrants Jan Dec $5.1M Financing exercised: $2.1M Resource Update Infill Drilling Phase 2 Drilling complete 2018 Q1 Q2 Q3 Q4 Planned Preliminary Economic Resource Update Jan Resource Expansion Drilling Assessment $2.9M Financing 11
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 www.TriStarGold.com info@tristargold.com Website: E-mail: 12
TECHNICAL APPENDIX Tunnels dug by garimpeiros Field camp office at CDS Location of CDS plateau & village Aerial view of kilometer-scale Sample bags ready for the lab trenches hand-dug by garimpeiros Esperança Central 13
CURRENT MINERAL RESOURCE Metal Content 1 Tonnage Grade Resource Region Category (Mt) (g/t Au) (Moz Au) Indicated 8.9 1.8 0.5 Esperança South Inferred 14.9 1.2 0.6 Indicated 0 0 0 Esperança Center Inferred 11.3 1.0 0.4 0.5 Indicated 8.9 1.8 Project Total 1.0 Inferred 26.2 1.2 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 14 might materially affect these mineral resource estimates.
METALLURGICAL PROCESS OPTIONS Whole rock cyanidation Recovery ~98% Gravity alone Rougher concentrate recovery ~73% Gravity plus flotation then Overall recovery of ~92% leaching of combined concentrates The trade-off studies will be completed during the PEA engineering to determine which is the best process flow-sheet to use. 15
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