SOURCE: Tri-Star Holdings, Inc.

October 15, 2008 08:30 ET

Tri-Star Holdings, Inc. Announces Company Has Completed Negotiations With Azrock Mining of Arizona

FT. LAUDERDALE, FL--(Marketwire - October 15, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced the Company has completed negotiations with Azrock Mining of Arizona to establish operations at the company's gold mine claims COS 1 and COS 2 in Salome, Arizona. Azrock is now scheduled to begin operations Thursday, October 16 on COS #1. Larry Nunley and his crew are scheduled to start moving and preparing the equipment to be in position on Wednesday, and Thursday morning to begin mining operations.

CEO Anthony Mellone stated, "We are very excited to start producing Thursday. We will begin operations in Arizona with the COS claim #1, with the goal of establishing production revenues there and then moving to COS #2 over a period of 2 to 3 months while the processing plant is being completed. If monthly targets are met, our goal is to establish operations at one of the company's claims every other or third month. Our plan is to begin slowly with revenue of 20 to 30 thousand a week with a 50% increase each month per mine for the first six months. Then take the increase to 100%. As for the dividend, as soon as our transfer agent has new stock certificate designs and confirmation of delivery we will announce strike date."

Updates about the COS #1 mineral rights claim and operations will be updated on the company's websites www.tristarcorporate.com and www.tristargold.com.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

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