Mr. Jacques Vaillancourt reports

HELIOSTAR METALS ADDS TO BOARD OF DIRECTORS

Heliostar Metals Ltd. has appointed Ramon Tomas Davila Flores as non-executive director, with immediate effect. Mr. Davila was most recently president of Guanajuato Silver Co. Ltd. Previous thereto, Mr. Davila was Minister of Economic Development for the state of Durango government between 2016 and 2020. Mr. Davila was also chief operating officer of First Majestic Silver for a decade, to 2014. Prior to that, Mr. Davila was president of Pan American Silver's Mexican operations. Mr. Davila's range and depth of experience also includes senior management roles at Minas La Colorada SA de CV, Cia Minera Autlan SA de CV, Corporacion San Luis/Luismin, La Domincia SA de CV and Industrias Penoles SA de CV.

Heliostar chairman Jacques Vaillancourt commented: "The past 24 months have been deeply transformational for the company. Heliostar has rapidly evolved from being exploration company, to a development company, to now being a gold producer in Mexico. This growth requires additional governance, expertise, experience, skills, judgement, discipline and a depth of understanding of Mexico and the Mexican mining industry. We believe that the addition of Ramon Davila will be a cornerstone to Heliostar's board of directors and its governance."

As part of his responsibilities, Mr. Davila will join Heliostar's technical committee, chaired by Dr. Alan Wilson, PhD, the company's health, safety, environmental, sustainable development committee, chaired by Barry Murphy, and the human resources and compensation committee, chaired by George Ireland.

As part of the compensation of his service, the company will grant Mr. Davila 200,000 share purchase options with a five-year term and a strike price of 70 cents and 50,000 restricted share units (RSUs). The options will vest immediately. The RSUs will vest one-third in one year (Dec. 5, 2025), one-third in two years (Dec. 5, 2026) and the final one-third will vest in three years (Dec. 5, 2027) from today.