Mr. Charles Funk reports

HELIOSTAR ANNOUNCES NEW CHIEF FINANCIAL OFFICER

Heliostar Metals Ltd. has appointed Vitalina Lyssoun as chief financial officer, effective March 3, 2025.

Ms. Lyssoun brings over 16 years of financial expertise, with a focus on the resource sector, to her new role. Most recently, she built and led the corporate accounting team at Gatos Silver Inc., including through its recent merger with First Majestic Silver Corp. Ms. Lyssoun was also responsible for developing Gatos Silver's inaugural Sarbanes-Oxley Act compliance program across the organization. Previously, she held positions of increasing responsibilities at Endeavour Mining PLC and QuadReal Property Group.

Ms. Lyssoun started her career in public accounting, focusing on mining in Latin America, and is a fluent Spanish speaker. She holds a bachelor of commerce degree with honours from the University of British Columbia and is a chartered professional accountant.

Heliostar chief executive officer Charles Funk commented: "We are proud to add Vitalina to our team as we continue to grow rapidly. Vitalina brings a strong financial, transactional and reporting background to Heliostar from active production companies in Mexico and West Africa. She joins the company from Gatos Silver and Endeavour Mining. Vitalina will be responsible for administrative, financial and risk management operations of the company, reporting to the chief executive officer. I would like to sincerely thank Mr. Mahesh Liyanage, our founding CFO, for his expertise and friendship, as we have built Heliostar from concept to gold producer. Our growth to require a full-time CFO is another step towards the company's goal of becoming a mid-tier producer."

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100-per-cent-owned Ana Paula project in Guerrero, Mexico.

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