Heliostar Announces Addition to Management Team and Ana Paula Focused Reorganization
TSX.V: HSTR
OTCQX: HSTXF
Heliostar Announces Addition to Management Team
and Ana Paula Focused Reorganization
Vancouver, Canada – May 6, 202 6 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “ Company”) is pleased to announc e that it has appointed Dennis Wilson as Vice
President, Health, Safety, Environment and Sustainability. In addition, Hernan Dorado has been moved
into a new role as Vice President of Operations from his previous role as Vice President Sustainability and
Special Projects. The general managers at the operating San Agustin and La Colorada mines, who
previously reported directly to COO Gregg Bush, will now report through the VP Operations role.
Heliostar CEO Charles Funk commented , “The reorganization announced today is designed to allow
management to focus on bringing Ana Paula into production. In 2025 , the Company’s priority was on
restarting two mines and optimizing their production profiles to support our growth. In 2026 , that
strategic priority pivots to Ana Paula. Hernan’s new position will allow him to guide the operations of the
producing mines, increasing Gregg’s capacity to focus on executing the Feasibility Study and construction
of Ana Paula.”
“We are delighted to welcome Dennis to the team. H e brings a great depth of experience in health and
safety and sustainability through his global career. As a rapidly growing company with more than 800
contractors and employees, Dennis will ensure we have the proper processes in place to execute our
growth ambitions in a responsible manner. This is another step forward in our maturation as a Company
as we grow towards our goal of becoming a 500,000 ounce per year producer by the end of the decade.”
Mr. Wilson has 15 years of experience in heavy industry and over 20 years of experience in mining in
Australia, Canada, the US, Mexico, and Brazil. He has served as the Environment, Health , Safety and
Sustainability lead for several companies, including New Gold, Equinox Gold and STLLR Gold. He has
experience implementing internationally recognized sustainability systems and standards, significantly
improving performance across his areas of management. His career has included all stages of mine
development; including exploration, operations and closure. Mr. Wilson holds a Bachelor of Applied
Science (Environmental Science).
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% owned pipeline of growth projects in Mexico and the USA.
These include the flagship Ana Paula development project in Guerrero, the Cerro del Gallo project in
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TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
Guanajuato, the San Antonio project in Baja Sur , the Goldstrike project in Utah and the Unga project in
Alaska.
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
information relate to, among other things, show the full extent of the deposit, upgrade and expand the
resource base, growing our annual production profile in the near term and bringing additional production
online.
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, expectation s, 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 est imated 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 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,
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TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
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 properties, 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 econo mic 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 reserves; 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 documents. Readers are cautioned against attributing
undue certainty to forward –looking statements or fo rward-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.