TriStar Gold Announces $6 Million Brokered Private Placement Financing

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

Trading Symbol: TSG-TSX.V

SCOTTSDALE, AZ, June 13, 2016 /CNW/ - TriStar Gold Inc. (the "Company" or "TriStar") is pleased to announce that it has entered into an agreement regarding a brokered private placement offering (the "Offering") of units (the "Units") of the Company. TriStar and Beacon Securities Limited ("Beacon"), as lead agent and bookrunner, and Paradigm Capital Inc. (collectively with Beacon, the "Agents"), have agreed that up to 20,000,000 Units will be offered on a commercially-reasonable efforts agency basis pursuant to private placement exemptions from prospectus requirements of applicable securities laws at a price of $0.30 per Unit, for aggregate gross proceeds to the Company of up to $6,000,000, subject to the Agents' option to increase the size of the Offering as set out below.

Each Unit comprises one common share (a "Common Share") of the Company and one-half of a common share purchase warrant (each full common share purchase warrant being a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one additional Common Share at a price per Common Share of $0.55 for a period of 24 months following the closing date of the Offering (the "Closing Date"). The Warrants may be accelerated by the Company, at its sole option, at any time in the event that the closing volume-weighted average price of the Common Shares on the TSX Venture Exchange (the "TSXV"), or such other exchange on which the Common Shares may primarily trade from time to time, is greater than or equal to $1.00 for a period of 20 consecutive trading days occurring no earlier than 4 months and one day from the Closing Date by giving notice to the holders thereof.

The Agents have also been granted an option (the "Agents' Option") to increase the size of the Offering by up to an additional 3,000,000 Units, exercisable in whole or in part by Beacon, on behalf of the Agents, at any time up to 48 hours prior to the Closing Date for additional aggregate gross proceeds to the Company of up to $900,000. In the event the Agents' Option is exercised in full, the aggregate gross proceeds to the Company will be up to $6,900,000.

The net proceeds from the Offering are intended to be used for advancing the Castelo de Sonhos project, working capital and general corporate purposes.

Closing of the Offering is expected to occur on or about the week of July 4th, 2016, and is subject to receipt of all necessary regulatory approvals, including approval of the TSXV. All securities issued in connection with the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws, commencing on the Closing Date.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About TriStar:

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have potential to become significant producing mines. The Company's current flagship property is Castelo de Sonhos in Pará State, Brazil. The Company's shares are listed on the TSX Venture Exchange under the symbol TSG. Further information is available at www.tristargold.com.

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. Forward looking statements in this press release include, but are not restricted to, statements regarding the completion of the Offering, the number of securities to be issued in the Offering, the anticipated gross proceeds of the Offering, and the Company's planned use of the proceeds of the Offering. 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.

SOURCE TriStar Gold Inc.

For further information: TriStar Gold Inc.: Nick Appleyard, President and CEO, 480-794-1244, info@tristargold.com

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TriStar Gold Inc.

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