The Board of Heliostar Metals Limited announced the following addition to its board. The company announced the addition of Ramon Tomas Dávila Flores as non-executive director with immediate effect to Heliostar's board of directors. Mr. Dávila was most recently President of Guanajuato Silver Co. Ltd. Previous thereto Mr. Dávila was Minister of Economic Development for the State of Durango Government between 2016 and 2020. Mr. Dávila was also Chief Operating Officer of First Majestic Silver for a decade, to 2014. Prior to that Mr. Dávila was President of Pan American Silver's Mexican operations. Mr. Dávila's range and depth of experience also includes senior management roles at Minas La Colorada SA de CV, Cia. Minera Autlán SA de CV, corporation San Luis/Luismin, La Domincia SA de CV and Industrias Peñoles SA de CV. As part of his responsibilities Mr. Dávila will join Heliostar's Technical Committee, chaired by Mr. Alan Wilson Ph.D., Health, Safety, Environmental, Sustainable Development ("HSESD") Committee chaired by Mr. Barry Murphy, and the Human Resources and Compensation Committee, chaired by Mr. George
Ireland.