Mr. Charles Funk reports

HELIOSTAR RECEIVES REGULATORY APPROVAL FOR ACQUISITION OF MEXICO BUSINESS UNIT FROM FLORIDA CANYON GOLD INC.

Heliostar Metals Ltd. has received the clearance decision from the Comision Federal de Competencia Economica (COFECE) with respect to the pending acquisition of the Mexico business unit of the former Argonaut Gold from Florida Canyon Gold Inc. COFECE approval was the final substantive regulatory approval required prior to closing the acquisition of the Mexico business unit, which is anticipated in early November, 2024.

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.