Addition to the Board of Directors – Mr. Clark Gillam joins Heliostar Metals as a director of the company

Vancouver, British Columbia–(Newsfile Corp. – December 2, 2021) – Heliostar Metals Limited (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (“Heliostar” or the “Society”) is pleased to announce the appointment of Clark Gillam to the Company’s Board of Directors.

Clark Gillam is the co-founder of Nebari Partners, an investment management firm that has completed over $100 million in natural resources transactions since 2017. Previously, Mr. Gillam worked in the Trading division of Glencore. He holds an M.Sc. in Finance from Trinity College Dublin and a B.Sc. in Economics from Wharton Business School.

Heliostar President Jacques Vaillancourt said, “Clark is a proud Alaskan with extensive experience in financing mining and exploration projects around the world. in recent Heliostar financings. The addition of Mr. Gillam builds on the strengths of our teams with excellent industry relationships and a solid understanding of the Alaska business environment. We are pleased and excited to welcome Clark as we progress with Heliostar’s two major gold discoveries in Mexico and Alaska.”

Clark Gillam, commented: “Very few explorers have such a strong portfolio as Heliostar, with a new discovery in Mexico and Unga starting to show its full potential here in Alaska. The company has a very bright future and I’m excited to join us ahead of a busy 2022.”

About Heliostar Metals Ltd.

Heliostar is a well-funded junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico.

The Company’s flagship asset is the 100% controlled Unga Gold Project on the Unga and Popof Islands in Alaska. The project hosts an intermediate sulphidation epithermal gold deposit, located within the district-scale property that encompasses 240 km2 across the two islands. Additional targets on the property include porphyry copper-gold targets, high sulphidation targets and intermediate sulphidation epithermal veins.

On Unga Island, priority targets include: SH-1 and Aquila, both on the Shumagin Trend, the former Apollo-Sitka Mine, which was Alaska’s first underground gold mine, and the Zachary Bay porphyry gold-copper prospect.

Centennial Zone gold mineralization is located on nearby Popof Island within four kilometers of infrastructure and services at Sand Point.

In Mexico, the company owns 100% of three early-stage epithermal projects in Sonora that show great promise for gold and silver. Cumaro is part of the El Picacho district, while the Oso Negro and La Lola projects are early-stage projects considered prospective for epithermal gold-silver mineralization.

For more information, please contact:

Jacques Vaillancourt
President
Heliostar Metals Limited
Telephone: +44 780 226 8247
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Rob Gray
Investor Relations Manager
Heliostar Metals Limited
Telephone: +1 778 357 1313
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This press release includes certain statements that may be considered “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “should”, “could”, “might” or “should” occur. Forward-looking statements in this press release include, as we pursue our two major gold discoveries in Mexico and Alaska. Although Heliostar believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those contained in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, mining and exploration success, weather conditions, the continued availability of capital and financing, and general principles of economics, the market or business. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management as of the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.