TriStar Gold Reaffirms Commitment to Indigenous Rights

TriStar Gold reiterates policy positions amid unresolved legal and operational uncertainty.

Risk flags

• ●Legal risk remains high due to the ongoing Civil Public Action (ACP) regarding the Castelo de Sonhos project's environmental license. The company references multiple press releases about the lawsuit but provides no update on resolution or likelihood of success, leaving project advancement uncertain.
• ●Operational risk is elevated as TriStar Gold reports a significant reduction in community investment and staffing, as well as deferred jobs growth. Without quantification, the extent of operational slowdown or its reversibility cannot be assessed.
• ●Disclosure risk is present, as the announcement provides no financial metrics, operational data, or quantifiable progress. Investors lack visibility into the company's cash position, burn rate, or ability to sustain operations during the legal dispute.

Bottom line

This announcement is a restatement of TriStar Gold's policy positions and intentions regarding Indigenous rights and ongoing legal matters at its flagship Brazilian project. No new financial, operational, or legal milestones are disclosed, and all claims of compliance or commitment remain unsubstantiated by data. The absence of quantifiable information on investment, staffing, or project advancement means there is no basis for assessing near-term value or risk mitigation. Investors receive no update on the likelihood or timing of legal resolution, nor any insight into the company's financial resilience. Unless future disclosures provide concrete financial or operational progress, this update is not actionable. The key takeaway is that material uncertainty persists, and no investment thesis can be advanced from this announcement alone.

Announcement summary

(TSXV: TSG) (OTCQB: TSGZF) Tristar Gold Inc. announced its continued commitment to respecting Indigenous rights, culture, and territories and its willingness to seek a solution that respects all parties' rights and provides transparency, good faith, and long-term legal certainty. The Company has not and will not undertake any mineral exploration or mining activities on Indigenous lands and will not interfere in any way with Indigenous territories, cultural heritage, traditional practices, or the rights of Indigenous communities. Details of a Civil Public Action (ACP) regarding the Environmental Licence for the Company's Castelo Do Sonhos gold project are referenced in the Company's August 6, 2025, September 26, 2025, December 3, 2025, and March 17, 2026, press releases. The ACP's actions against the Company have resulted in a significant reduction in community investment and staffing, and a deferral in the jobs growth that project development will bring. The Company maintains that the Castelo de Sonhos Project has been designed to comply with all applicable environmental and regulatory requirements. TriStar Gold is an exploration and development company focused on precious metals properties in the Americas, with its flagship property being Castelo de Sonhos in Pará State, Brazil. The Company projects that a collaborative and transparent approach will achieve a lasting solution to the current lawsuit this year.

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