Mr. Charles Funk reports

HELIOSTAR ANNOUNCES VP SUSTAINABILITY AND SPECIAL PROJECTS AND EARLY EXERCISE OF WARRANTS

Heliostar Metals Ltd. has appointed Hernan Dorado as vice-president of sustainability and special projects.

Mr. Dorado has over 20 years of experience in the mining industry in Mexico and overseas. Most recently, he was a founding member of Guanajuato Silver, holding roles including chief operating officer and chief sustainability officer. During his tenure, the company grew to four million ounces of annual silver equivalent production from four operating mines by undertaking multiple successful permitting processes and mine restarts.

Mr. Dorado is the fifth mining generation of his family, holding a mining engineering degree from the University of Guanajuato, an executive MBA from the business school of the University of Salamanca, Spain, and is a qualified person for mining with the Mining and Metallurgical Society of America (MMSA).

Heliostar chief executive officer Charles Funk commented: "We are pleased to add Hernan to the team. Hernan is a dynamic, young leader in the mining industry in Mexico with a proven track record of creating shareholder value. Hernan bolsters our in-country leadership and will oversee our permitting, community and environmental management, reporting to the chief operating officer. He will further take the lead on advising the company's strategy for the Cerro del Gallo project in Guanajuato state. Heliostar's production profile is growing quickly, and I believe with our recent additions to management, we have the team in place to deliver in 2024 and 2025."

Warrant exercise

A total of 3,984,324 warrants of the company have been exercised since Sept. 16, 2024. The conversion of these warrants has contributed an additional $1,195,297 to the treasury.

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.

We seek Safe Harbor.