Heliostar Welcomes Tara Gilfillan to Board
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Heliostar Welcomes Tara Gilfillan to Board
Vancouver, Canada – March 3, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “ Company”) is pleased to announce t he addition of Tara Gilfillan as a non-executive
director and Audit Chair to Heliostar’s board of directors effective March 1, 2026.
Ms. Gilfillan has over 30 years of executive and governance experience, with the majority of her career
focused in the mining industry, including extensive work in financial oversight, capital markets transactions,
and corporate leadership. She has served on the boards of publicly listed and privately held mining and
mining-services companies including US Gold and MCC Corporation.
Her career spans senior executive roles with DRA Americas, Northgate Minerals and includes serving as
Founder of Optimize Group and Co-Founder of Halyard Inc., mining advisory and engineering firms. She has
held executive oversight of engineering, consulting and operating businesses, with accountability for
financial reporting, inte rnal controls and disciplined capital allocation. Her experience includes capital
markets transactions, acquisitions and financial due diligence across publicly listed and private mining
companies. Ms. Gilfillan brings significant international experience across Canada, Australia, and Latin
America, including work in Brazil, Peru, Colombia, and Mexico. She holds a Bachelor of Commerce in
Accounting and Finance from Queen’s University, is a Chartered Professional A ccountant (CPA, CA), holds
the ICD.D designation, and has completed executive education in cybersecurity governance for boards at
MIT Sloan.
Heliostar’s new Audit Chair , Tara Gilfillan, commented, “Heliostar has articulated a clear and ambitious
strategy to build meaningful production scale in the precious metals sector. Delivering on that strategy will
require consistent execution, disciplined capital deployment and careful stewardship of shareholder capital.
I look forward to contributing to the Company’s financial discipline and governance oversight as it advances
through this next phase of growth.”
Heliostar’s Chairman, Mr. James Perry, added, “Heliostar has entered an exciting new chapter defined by
operational execution, disciplined growth and long-term value creation. As we expand our production base
and advance our development pipeline, strong financial oversight and thoughtful capital allocation will be
critical. Tara’s extensive experience as a CFO, Audit Chair and mining executive across public companies will
further strengthen our governance, enhance our risk management, and support management as we scale
responsibly. We have assembled a high-quality Board with complementary skills to guide Heliostar through
its next stage of growth, and Tara’s appointment meaningfully strengthens that foundation.”
Incentive plan issuance
Heliostar further announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan,
it has granted 200,000 stock options ("Options") at an exercise price of $ 2.94 and 50,000 restricted share
units (each, an "RSU") to directors of the Company. The Options are exercisable for a period of five years
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and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing
on the first anniversary of the grant date.
About Heliostar Metals Ltd.
Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La
Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of
development and exploration stage projects in Mexico and the USA. These include the Ana Paula project
in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, all in Mexico
and the Unga project in Alaska, USA.
For Additional Information Please Contact:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
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 rel ease, 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 infor mation
relate to, among other things, the Company’s annual production goals.
Forward-looking statements and forward–looking information relating to the terms and completion of the
Facility, any future mineral production, liquidity, and future exploration plans are based on management’s
reasonable assumptions, estimates, expectations, analyses and opinions, which are based on
management’s experience and perception of trends, current conditions and expected developments, and
other factors that management believes are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary
approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts;
costs of exploration and development; the estimated costs of development of exploration projects; and the
Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable
terms.
These statements reflect the Company’s respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered reasonable by
management, are inherently subject to significant business, economic, competitive, political, and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance, or achievements to be materially different from the results, performance or achievements that
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are or may be expressed or implied by such forward–looking statements or forward-looking information and
the Company has made assumptions and estimates based on or related to many of these factors. Such
factors include, without limitation: precious metals price volatility; risks associated with the conduct of the
Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating
to reliance on the Company’s management team and outside contractors; risks regarding exploration and
mining activities; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable
basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from
operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining
projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and
operating costs of such projects; contests over title to proper ties, particularly title to undeveloped
properties; laws and regulations governing the environment, health and safety; the ability of the
communities in which the Company operates to manage and cope with the implications of public health
crises; the economic and financial implications of public health crises, ongoing military conflicts and general
economic factors to the Company; operating or technical difficulties in connection with mining or
development activities; employee relations, labour unrest or unavailability; the Company’s interactions with
surrounding communities; the Company’s ability to successfully integrate acquired assets; the speculative
nature of exploration and development, including the risks of diminishing quantities or grades of reserve s;
stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for
shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in
the Company’s public disclosure docum ents. Readers are cautioned against attributing undue certainty to
forward–looking statements or forward -looking information. Although the Company has attempted to
identify important factors that could cause actual results to differ materially, there may be other factors
that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward– looking statements or forward -looking information to
reflect changes in assumptions or changes in circumstances or any other events affecting such statements
or information, other than as required by applicable law.