SOURCE: Tri-Star Holdings, Inc.

October 16, 2008 13:47 ET

Tri-Star Holdings, Inc. Announces Company Has Initiated Operations at Arizona Mine, Strikes Gold

FT. LAUDERDALE, FL--(Marketwire - October 16, 2008) - TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced the Company has initiated operations at its COS #1 gold claim in Arizona. A crew from Azrock Mining arrived yesterday on the property and began preliminary digs to access the principal gold vein on location. Today within hours of commencing digging opperations, the Azrock crew excitedly reported striking gold and turquoise. The crew also documented its progress and management stated that it will be updating content on the company's websites, www.tristarcorporate.com and www.tristargold.com to include pictures of today's exciting developments.

Tri-Star management also announced that it has begun negotiating the company's first potential international acquisition, based in Africa. Management stated that it will be releasing further details by early next week regarding the target and the acquisition.

Tri-Star corporate Secretary Donna Yamin stated, "We are very excited and encouraged by today's report from Azrock. Finding significant high quality gold during the first hours of preliminary digging verifies our efforts and is a benchmark in the company's progress. We realize how close we are to significant revenue generation and shareholder value enhancement."

Updates about the COS #1 mineral rights claim and other company interests 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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