Mr. Charles Funk reports

HELIOSTAR ACHIEVES FULL-YEAR 2025 PRODUCTION GUIDANCE AND GROWS CASH TO $41M

Heliostar Metals Ltd. produced 8,459 gold equivalent ounces (GEOs) (8,180 gold ounces and 21,494 silver ounces) in the three months ended Dec. 31, 2025.

Highlights:

• 2025 production of 34,098 GEOs (32,990 gold ounces and 80,527 silver ounces);
• Cash balance of $41-million (U.S.) as of Dec. 31, 2025.

This resulted in a total production in calendar year 2025 of 34,098 GEOs (32,990 gold ounces and 80,527 silver ounces). As a result, the company achieved its production guidance for 2025 of 31,000-41,000 GEOs (see news release dated Feb. 4, 2025). Financial results for the quarter and year ended Dec. 31, 2025, will be reported during March, 2026. Cash costs and all-in sustaining costs (AISC) are expected to be within the guidance range.

As of Dec. 31, 2025, the company had a preliminary cash balance of $41-million (U.S.) and no debt. This provides a strong balance sheet for Heliostar's 2026 growth initiatives, further supported by continuing cash generated by operations.

Heliostar chief executive officer Charles Funk commented: "This is a wonderful result for our first full year of gold production. Achieving our 2025 guidance was the result of the team successfully executing on the restart of operations at our two mines; La Colorada in January and San Agustin in December. The restart of San Agustin is expected to materially increase Heliostar's year-on-year gold production in 2026, and we look forward to providing guidance for 2026 shortly. In addition to increasing production this year, we will be advancing Ana Paula through a feasibility study and recommencing the decline as we work toward our goal of becoming a 500,000-ounce-per-year producer by the end of the decade."

Statement of qualified persons

Michael Gingles, qualified person, as such term is defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed the production and financial information that forms the basis for this news release and has approved the disclosure herein. Mr. Gingles is employed as vice-president, corporate development, of the company.

About Heliostar Metals Ltd.

Heliostar is a gold producer with production from operating mines in Mexico. This includes the La Colorada mine in Sonora and San Agustin mine in Durango. The company also has a strong portfolio of development projects in Mexico and the United States. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska.

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