TriStar Gold Welcomes New Director

Rhea-AI Summary

TriStar Gold (TSXV: TSG) (OTCQB: TSGZF) has announced two significant leadership changes. Marcus Brewster, a geologist and mining engineer with extensive experience in large-scale paleoplacer gold mines, has joined the Board of Directors effective December 4, 2024. Brewster brings valuable expertise from his roles at Tarkwa and Damang Gold Mines in Ghana, where he served as General Manager at Damang.

Additionally, Jessica Van Den Akker, a current TriStar Director and Chartered Professional Accountant with 20 years of resource sector experience, will serve as interim CEO during Q1 2025 while current President and CEO Nick Appleyard takes medical leave. Van Den Akker's background includes significant experience in financings, mergers and acquisitions, and implementing operational and financial reporting processes.

Positive

• Appointment of experienced mining professional Marcus Brewster with specific expertise in paleoplacer gold mines
• Seamless leadership transition with qualified interim CEO Jessica Van Den Akker during Q1 2025
• Strengthened technical expertise for advancing Castelo de Sonhos gold project towards feasibility study

Negative

• Temporary absence of CEO due to medical leave could impact strategic decision-making

Scottsdale, Arizona--(Newsfile Corp. - December 6, 2024) - TriStar Gold Inc. (TSXV: TSG) (OTCQB: TSGZF) (the Company or TriStar) is pleased to confirm the appointment of Marcus Brewster to the Board of Directors, effective December 4, as previously announced (see press release dated November 14, 2024). Mr. 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 and Damang Gold Mines in Ghana, ultimately becoming the General Manager at Damang. His language skills include English (native), plus German, Swiss German, Portuguese, and French.

In addition, for the duration of Q1 2025, TriStar Director Jessica Van Den Akker will assume the role of interim CEO while TriStar President and CEO Nick Appleyard takes a medical leave from the Company.

"I would like to welcome Marcus as a TriStar Director. His experience in the technical and managerial roles at paleoplacer operations makes him a valuable addition to the Board as we set our sights on advancing our Castelo de Sonhos gold project towards the feasibility study stage," says Nick Appleyard, TriStar's President and CEO. "Whilst I need to take some medical leave the Company will be in very good hands with Jessica, and I know she has the full support of the Board of Directors and staff of the Company."

Ms. Van Den Akker is a Chartered Professional Accountant (CA) with 20 years of experience in the resource sector and venture capital markets. She is a financial consultant and serves as Director and Audit Committee Chair of listed companies. She has served as CFO for a number of public companies, as well as an auditor, leading companies through financings, mergers and acquisitions, and implementing pragmatic best processes for operations and financial reporting as companies evolve and grow. Ms. Van Den Akker is a Simon Fraser University graduate with a Bachelor of Business Administration.

About TriStar

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company's current flagship property is the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-feasibility study and is now working to advance the project towards a feasibility study while evaluating optimization options. The Company's shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at www.tristargold.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:

Nick Appleyard
President and CEO
480-794-1244

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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

Certain statements contained in this press release 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. 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; effects of the COVID-19 virus on all aspects of the Company's business, 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232719

FAQ

Who is the new director appointed to TriStar Gold (TSGZF) in December 2024?

Marcus Brewster, a geologist and mining engineer with experience in paleoplacer gold mines, was appointed to TriStar Gold's Board of Directors effective December 4, 2024.

Who will serve as interim CEO of TriStar Gold (TSGZF) during Q1 2025?

Jessica Van Den Akker, a current TriStar Director and Chartered Professional Accountant, will serve as interim CEO during Q1 2025 while Nick Appleyard takes medical leave.

What is Marcus Brewster's relevant experience for TriStar Gold (TSGZF)?

Marcus Brewster has specific experience in technical and managerial positions operating large-scale paleoplacer gold mines, including roles at Tarkwa and Damang Gold Mines in Ghana, where he became General Manager at Damang.