Mr. Charles Funk reports

HELIOSTAR ANNOUNCES VP CORPORATE DEVELOPMENT

Heliostar Metals Ltd. has appointed Mike Gingles as vice-president of corporate development.

Mr. Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry and is credited with leading corporate transactions for Pueblo Viejo and Turquoise Ridge that resulted in the development of over 30 million ounces of gold reserves. He has worked for several major mining companies, including 11 years with gold major Placer Dome (now Barrick Gold), and has lived and worked in Australia, the United Kingdomg, Chile, the United States and Colombia.

Mr. Gingles has a broad range of expertise across strategic planning, valuations, corporate and business development, project development, financial management, and commercial contracts. He is a qualified professional member of the Metallurgical & Mining Society of America, with special expertise in mineral valuation finance. Mr. Gingles graduated from King's College London and the Royal School of Mines, and holds an MBA from Imperial College Business School, London.

Heliostar chief executive officer Charles Funk commented: "We are pleased to formally welcome Mike to Heliostar. He brings a strong history of successful M&A [mergers and acquisitions] experience, from asset purchases to mine construction contracts throughout North and South America. Mike has been a consultant to Heliostar from the beginning of the negotiation that led to our acquisition of the former Argonaut's production assets in Mexico. He will transfer across to a full-time role to help us build towards our initial target of 150,000 ounces of profitable annual gold production."

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The company is focused on developing the 100-per-cent-owned Ana Paula project in Guerrero, Mexico, and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico.

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