Mr. Charles Funk reports

ADDITIONS TO HELIOSTAR METALS MANAGEMENT TEAM

Heliostar Metals Ltd. has appointed Stephen Soock as vice-president of investor relations and development and Connie Lillico as corporate secretary.

Heliostar chief executive officer Charles Funk commented: "We are delighted to add Stephen and Connie to our team as we continue to build our capacity. Stephen brings his understanding of institutional banking, sales and project knowledge from his role as an analyst at Stifel. He will lead the company's investor relationships and contribute to Heliostar's strategy for production growth and reduction in our cost of capital. Connie brings a wealth of experience, having helped shepherd First Majestic from an ambitious junior to stable producer. She will lead the company's regulatory responsibilities in her role as corporate secretary. I would also like to thank Ms. Sheryl Dhillon for her diligent, professional long-term service to the company as our corporate secretary."

Mr. Soock has been in the mining industry for almost 20 years in both technical and capital markets roles. Prior to joining Heliostar, he was a Brendan Wood ranked sell-side research analyst at Stifel. He covered growth and development companies in the precious metal space and brings a robust understanding of value creation from junior gold companies to his new role with Heliostar. Mr. Soock has also worked in various engineering roles at mine sites across Canada, including Vale's Thompson Nickel operation, Mosaic's Belle Plaine solution potash mine and Rio Tinto's Diavik Diamond mine complex. He graduated from Queen's University with a BSc in mining engineering and is a CFA charterholder.

Ms. Lillico brings 20 years of experience working with publicly traded companies in the mining industry. Ms. Lillico has worked with several Toronto Stock Exchange, TSX Venture Exchange and New York Stock Exchange listed companies; and, prior to joining Heliostar, Ms. Lillico served as the corporate secretary at First Majestic Silver Corp. Ms. Lillico has been involved in all aspects of administration of publicly listed companies, including regulatory compliance, corporate governance, continuous disclosure requirements, equity financings, mergers and acquisitions, board and committee matters, and shareholder communications.

Further, pursuant to the company's omnibus equity incentive compensation plan, it has granted 700,000 stock options at an exercise price of $1.05 and 150,000 restricted share units to employees and consultants of the company. The options are exercisable for a period of five years and will vest over the next two years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

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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