Mr. Charles Funk reports

HELIOSTAR ANNOUNCES EQUITY INCENTIVE PLAN

At Heliostar Metals Ltd.'s annual general and special meeting held on Dec. 13, 2022, the shareholders adopted an equity incentive plan, which has a 10-per-cent rolling stock option component and fixed restricted share unit, performance share unit and deferred share unit components reserving an aggregate of 4,403,707 shares for issuance. Shareholder approval of the plan must be obtained annually at the company's annual general meeting. In addition, the plan must be submitted for exchange review and acceptance on an annual basis.