May 2018 1 DISCLAIMER Neither the TSX Venture Exchange nor its - - PowerPoint PPT Presentation

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May 2018 1 DISCLAIMER Neither the TSX Venture Exchange nor its - - PowerPoint PPT Presentation

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


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May 2018

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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

  • r 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.

DISCLAIMER

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AN OUTSTANDING TEAM WITH A PROVEN TRACK RECORD DEVELOPING AN EXCEPTIONAL GOLD DEPOSIT

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  • 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

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INVESTMENT HIGHLIGHTS

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MANAGEMENT & DIRECTORS

NICK APPLEYARD PRESIDENT, CEO, DIRECTOR

  • Former CEO of Chaparral Gold
  • Former Vice President of Corporate

Development for International Minerals 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

ELTON PEREIRA VICE PRESIDENT

  • 25+ years experience in mineral

exploration throughout Brazil

  • Former exploration manager for

Rio Tinto 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 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 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 5

Management Directors

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CAPITAL STRUCTURE

  • Insiders and Assocs are owners and aligned with shareholders
  • High quality institutional investors, and
  • Significant free float.

Market Capitalization ~$C 37 million Shares Issued 168.5 million Cash ~$C 2 million 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 Analyst Coverage: Paradigm Capital - Don Blyth

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As at 30 April 2018

Ownership

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CASTELO DE SONHOS

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

An Exceptional Gold Deposit

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  • 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 4th 2017 press release entitled “TRISTAR

GOLD CONTINUES TO EXPAND RESOURCES AT CASTELO DE SONHOS”.

December 2017 NI 43-101 Resource Estimate

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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

2018 DRILLING PLAN

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COST EFFICIENT GOLD RESOURCES

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TriStar discovery cost US$4.75/oz Jan 2016 to Dec 2017

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

CDS Acquisition, $1.13 CDS Exploration, $3.62

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CDS PROJECT MILESTONES

2016

Q1 Q2 Q3 Q4

New Management: Investment $1.3M Dec NI 43-101 Report on Exploration Target Range Mar Extension Drilling begins Sept 13.2 million warrants exercised: $2.1M Jul Phase 1 Drilling complete Nov

  • $4.3M Financing
  • New Institutional

Investor

  • 100% ownership Castelo

de Sonhos July Extension Drilling

Q1 Q2 Q3 Q4

2017

Phase 2 Drilling complete $5.1M Financing Infill Drilling Jan Resource Update Dec

2015

Preliminary Economic Assessment

Q1 Q2 Q3 Q4

2018

$2.9M Financing Jan

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Resource Update Planned Resource Expansion Drilling

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CONTACT INFORMATION

Headquarters, (U.S.A.) Nick Appleyard: President & CEO Scott Brunsdon: CFO Scottsdale Office: +1 (480) 794-1244 Website: www.TriStarGold.com info@tristargold.com E-mail: TSX.V: TSG

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Rahim Lakha: Corporate Communications (Toronto) +1 (416) 414-9954

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TECHNICAL APPENDIX

Sample bags ready for the lab Esperança Central Field camp office at CDS Location of CDS plateau & village Tunnels dug by garimpeiros Aerial view of kilometer-scale trenches hand-dug by garimpeiros

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CURRENT MINERAL RESOURCE

Region Resource Category Tonnage (Mt) Grade (g/t Au) Metal Content1 (Moz Au) Esperança South Indicated Inferred 8.9 14.9 1.8 1.2 0.5 0.6 Esperança Center Indicated Inferred 11.3 1.0 0.4 Project Total Indicated 8.9 1.8 0.5 Inferred 26.2 1.2 1.0

1The 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. 14

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METALLURGICAL PROCESS OPTIONS

Whole rock cyanidation Recovery ~98% Gravity alone Rougher concentrate recovery ~73% Gravity plus flotation then leaching of combined concentrates Overall recovery of ~92%

The trade-off studies will be completed during the PEA engineering to determine which is the best process flow-sheet to use.

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Management Bios

Nick Appleyard, President, CEO and Director

  • 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.

  • Nick is fluent in Spanish, holds a Bachelor of Science (Geology) from Curtin University, Australia, and is a Chartered Professional (Geology)

member of the Australasian Institute of Mining and Metallurgy.

Scott Brunsdon, Chief Financial Officer

  • 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.

Mo Srivastava, Vice President

  • Mo Srivastava is one of the world’s pre-eminent authorities on resource estimation and geostatistics. He is a geologist and geostatistician

with more than 30 years of experience in economic geology, has been an Advisor to Boards of Directors, President and Founder of consultancy firm FSS Canada. He has served as an expert witness and is respected as an advisor to governments and to standards- development organisations. Mo is co-author of the most widely-used textbook on geostatistics, and of more than 40 papers on the theory and practice of geostatistics. With advancements in technology, Mo continues to develop leading techniques for resource estimation.

  • Mo has a Bachelor’s degree in Earth Sciences from MIT, a Master’s degree in Geostatistics from Stanford University and was the inaugural

recipient in 2016 of the Award of Merit from the Association of Professional Geoscientists of Ontario.

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DIRECTORS BIOS

Mark E Jones III, Chairman of the Board

  • Mark E. 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. Prior to 1984 Mark was involved in the investment banking business as a partner in Jones Lloyd & Webster.

  • Dr. Diane R Garrett
  • Dr. Diane R. Garrett has a track record of developing projects, building companies and creating value for shareholders. Dr. Garrett is currently the President and CEO of Nickel

Creek Platinum Corp. Board Chair of Revival Gold and Board member of OceanaGold Corp. Previously, Dr. Garrett was President and CEO of Romarco Minerals. Dr. Garrett has an M.Sc. in Mineral Economics (1986) and a Ph.D. in Engineering (1993) from the University of Texas at Austin.

  • Dr. Quinton Hennigh
  • Dr. Quinton Hennigh, Chairman & Director of Novo Resources, is an economic geologist with more than 20 years of exploration experience with firms including Homestake

Mining, Newcrest Mining and Newmont Mining. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

Brian Irwin

  • Mr. Irwin is a former partner of DuMoulin Black, a Vancouver based Securities and Corporate Law firm where he practiced corporate, securities and natural resource law with a

focus on mining and corporate finance. During his forty year career, he served as chairman of the natural resources subsection of the Continuing Legal Education Program of the British Columbia Bar. He now sits on the boards of a number of resource based public companies.

Carlos Vilhena

  • 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.

Leendert Krol

  • Mr. Krol has over 45 years of experience in the mining industry and currently serves on the board of Victoria Gold Corp. Prior positions of Director & Advisor of Brazauro

Resources Corporation, Vice President, International Exploration, Director of Foreign Exploration and Director of Metallurgical Services with Newmont Mining; Exploration Manager, Diamonds, for Anaconda Copper Company; Consulting Geologist, Diamonds, for ASAM; and Senior Geologist for Anglo American Corporation.

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ESPERANÇA CENTRAL

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15m @ 0.3g/t 16m @ 0.4g/t 4m @ 0.4g/t 5m @ 2.8g/t 1m @ 2.5g/t 9.8m @ 0.5g/t 14m @ 0.3g/t 7.75m @ 0.4g/t 18m @ 0.7g/t 14m @ 0.4g/t 8m @ 0.3g/t 2m @ 3.5g/t 12m @ 2.3g/t

Section A – A’

Elevation 490m 590m 540m

10 20 30 40 50 m

N

1000m

A A’ B’ C’ C B

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ESPERANÇA SOUTH

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30.8m @ 1.7g/t 16m @ 0.5g/t 34m @ 0.5g/t 25m @ 0.4g/t 46m @ 0.6g/t

Elevation 530m 630m 580m

10 20 30 40 50 m

11m @ 1.0g/t >7.6m @ ~0.5g/t

?

5.7m @ 0.4g/t

Section B – B’

N

1000m

A A’ B’ C’ C B

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ESPERANÇA SOUTH

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1m @ 3.1g/t 2m @ 1.1g/t 16m @ 1.0g/t 14m @ 3.2g/t 18m @ 0.6g/t 1m @ 0.5g/t 2m @ 0.6g/t 2m @ 2.5g/t

Elevation 520m 620m 570m

16m @ 3.0g/t

10 20 30 40 50 m

Section C – C’

N

1000m

A A’ B’ C’ C B

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➢ Tarkwa – Operated by Gold Fields in Ghana – plus 30 million ounce gold deposit ➢ Jacobina – Operated by Yamana Gold in Brazil – plus 10 million ounce gold deposit

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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. Pl Plate Dat Data pro provided by y Dr Dr. . Bru Bruce Eglin glington (Un (Univ iversit ity of

  • f

Sas Saskatchewan)

1.9 g/t (pit) 1.2 g/t (pit)

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Jacobina Tarkwa Castelo de Sonhos