Mr. Charles Funk reports

HELIOSTAR GRANTS OPTIONS AND RSUS UNDER ITS OMNIBUS EQUITY INCENTIVE COMPENSATION PLAN

Pursuant to Heliostar Metals Ltd.'s omnibus equity incentive compensation plan, it has granted 7.55 million stock options at an exercise price of $2.26 and 705,000 restricted share units to directors, officers, employees, management company employees and consultants of the company. The options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

About Heliostar Metals Ltd.

Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the company's La Colorada mine in Sonora and the San Agustin mine in Durango supports the development of its 100-per-cent-owned pipeline of growth projects in Mexico and the United States. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato and the Goldstrike project in Utah.

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