TSTR.L Regulatory News (TSTR)

Tri-Star Resources plc ("Tri-Star" or the "Company")

Oman Roaster Project Update

16 February 2015

Tri-Star, the integrated antimony development company, is pleased to provide an update on the Oman Roaster ("OAR") project.

Facility Offer Letter signed in Oman by SPMP

Strategic & Precious Metals Processing LLC ("SPMP") a company registered in the Sultanate of Oman, in which Tri-Star owns 40%, has agreed a Facility Offer Letter ("FOL") with Bank Nizwa, a bank based in Oman. A signing ceremony took place in Muscat, Oman on 15 February 2015 to agree formally the FOL.

The FOL offers SPMP a Sharia compliant facility of up to US$40 million to be advanced on issue in Omani Rial, subject to the bank's detailed terms and conditions and the entering into of a formal Facility Agreement. Provision of the banking facility also remains subject to a number of customary pre-conditions, including obtaining required environmental and other permits.

The overall funding package for SPMP's Oman Antimony Roaster Project remains at US$70 million; comprising a mezzanine loan of U$10 million, equity contributions of US$20 million from the joint venture partners, and the aforementioned banking facility of up to US$40 million.

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All statements, other than statements of historical fact, included in this release including, without limitation, the viability of chemical processes, the financial assumptions, bases and outputs mentioned, constitute forward-looking information. Forward-looking information is based on a numberof factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the ability to deliver any of the outcomes referred to, the availability of financing and general economic and market conditions. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results,performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks associated with changes in laws, the ability to raise finance on acceptable terms for any of the projects or facilities mentioned, the volatility of commodity and raw material prices, currency exchange rates and interestrates, global economic conditions and the additional risks identified in the Company's Annual Report and Financial Statements for the year ended 31 December 2013 or other reports and filings with applicable securities regulators. Forward-looking information in this release is based on the Directors' beliefs, estimates and opinions on the date of this release and the Company does not undertake to update publicly or revise the forward-looking information contained in this release, except as required by applicable securities laws.

Any financial outlook or future-oriented financial information in this release, as defined by applicable Canadian securities laws, has been approvedby the Directors as of the date of this release. Such financial outlook or future oriented financial information is provided for the purpose of providing information about the Company's current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this release.