Heliostar Metals Ltd

OTCQX International:HSTXFUnited StatesView on Canadian Exchange

This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things, the Company's plans, prospects and business strategies; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; the Company's integration of acquisitions and any anticipated benefits thereof; the completion of a Pre-Feasibility Study on the La Colorada Mine in 2025; the potential re-start of mining operations at the Creston Pit; the potential approval of a permit application to expand the pit and restart mining at the San Agustin Mine; the completion of Feasibility Study on Ana Paula; and expectations for other economic, business, and/or competitive factors.

Vancouver, British Columbia--(Newsfile Corp. - November 8, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce completion of the acquisition of a 100% interest in all of Florida Canyon Gold Inc.'s ("FCGI") mining assets in Mexico for cash consideration of US$5,000,000 (the "Acquisition" or the "Transaction"). The assets include the San Agustin mine (formerly the El Castillo Complex), La Colorada mine, Cerro del Gallo project, and San Antonio project.