HSTR.V · 2021-04-22 12:00:00

Heliostar Announces Change of Auditor

Regulatory & Compliance

1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306

TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1

Vancouver, Canada, April 22nd, 2021 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) ("Heliostar"

or the "Company") announces that it has changed its auditors from MNP LLP (the ("Former Auditor") to Davidson

& Co. LLP (the "Successor Auditor") effective April 12, 2021. At the request of the Company, the Former Auditor

resigned as the auditor of the Company effective April 12, 20 21 and the board of directors of the Company

appointed the Successor Auditor as the Company's auditor effective April 12, 2021, until the next Annual General

Meeting of the Company.

There were no reservations in the Former Auditor's audit reports for the relevant period, being the financial year

ended March 31, 2020. In accordance with National Instrument 51-102 – Continuous Disclosure Obligations ("NI

51-102"), the Company has filed a Change of Auditor Notice (the "Notice") on SEDAR together with letters from

both the Former Auditor and Successor Auditor, with each letter confirming agreement with the statements

contained in the Notice, as applicable. There were no reportable events as defined in NI 51 -102 between the

Former Auditor and the Company.

About Heliostar Metals Ltd.

Heliostar is a junior exploration and development company with a portfolio of high-grade gold projects in Alaska

and Mexico. The company’s flagship asset is the 100% controlled Unga Gold Project on Unga and Popof Islands

in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within the district-scale

property that encompasses 240km2 across the two islands. Additional targets on the property include porphyry,

high sulphidation and intermediate sulphidation epithermal veins. On Unga Island, priority targets include: the

SH-1 and Aquila, both on the Shumagin Trend, the former Apollo -Sitka mine, which was Alaska’s first

underground gold mine and the Zachary Bay porphyry gold -copper prospect. Gold mineralization at the

Centennial Zone is located on neighbouring Popof Island within four kilometres of infrastructure and services at

Sand Point.

In Mexico, the company owns 100% of three early stage epithermal projects in Sonora that are highly prospective

for gold and silver. Cumaro forms part of the El Picacho district, while the Oso Negro and La Lola projects are

also prospective for epithermal gold-silver mineralization.

For additional information please contact:

Charles Funk

Chief Executive Officer

Heliostar Metals Limited

Rob Grey

Investor Relations Manager

Heliostar Metals Limited

TSX.V: HSTR

OTCQX: HSTXF

1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306

TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1

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.