Mr. Charles Funk reports

HELIOSTAR ANNOUNCES CLOSING OF OPTION AGREEMENT WITH ZACATECAS SILVER FOR NON-CORE PROPERTIES

Heliostar Metals Ltd. has completed the previously announced option agreement with Zacatecas Silver Corp. As announced on March 2, 2026, the company has granted Zacatecas the option to acquire a 100-per-cent interest in certain non-core exploration properties. These consist of the Cumaro, La Lola, Oso Negro and Ejutla early-stage exploration projects located in Mexico.

The agreement consists of staged payments to Heliostar over the next three years totalling $450,000 in cash and $750,000 in shares of Zacatecas Silver, with $129,000 in cash paid and 4,217,845 shares of Zacatecas Silver issued to Heliostar on closing. The company also retains a 2-per-cent net smelter return royalty on the properties, with 1 per cent available for repurchase any time prior to commercial production for $2-million.

About Heliostar Metals Ltd.

Heliostar is a growing gold producer with a goal to produce 500,000 ounces per year by the end of the decade. The cash flow from the company's La Colorada mine in Sonora and the San Agustin mine in Durango supports the development of its 100-per-cent-owned pipeline of growth projects in Mexico and the United States. These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in Guanajuato and the Goldstrike project in Utah.

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