Heliostar Announces Incentive Plan Rewards
1090 West Georgia Street, Suite 700, Vancouver BC, V6E 3V7, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
Heliostar Announces Incentive Plan Rewards
Vancouver, Canada, March 27, 2023 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “Company”) announces that, pursuant to the Company's Omnibus Equity Incentive
Compensation Plan, it has granted 8,651,250 stock options ("Options") at an exercise price of $ 0.30 and
2,218,750 restricted share units (each, an "RSU") to directors, officers, employees and consultants of the
Company. The Options are exercisable for a period of five years and will vest over the next two years. The
RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.
Further the Company is pleased to announce that it has retained the services of Peak Investor Marketing
Corp. (“Peak”) a full-service marketing and consulting services focused on the junior mining sector. Peak
is an independent arms -length entity and will assist Heliostar Metal s Ltd. with marketing strategy and
planning, corporate communications, and public relations, with the goal of increasing market awareness
for the company. Under the terms of the Agreement, the Company will compensate Peak $12,000 per
month for a 12-month term and will also issue Peak 250,000 options at a grant price of $0.30.
About Heliostar Metals Ltd.
Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and
Alaska.
Upon completion of the Transaction, the Company intends to focus on developing the 100% owned Ana
Paula Project i n Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to
permit the San Antonio Gold Project in Baja Sur, Mexico . The Company continues efforts to e xpand the
resource at the Unga Gold Project in Alaska, United States of America.
The Ana Paula Project deposit contains proven and probable mineral reserves of 1,021,000 ounces of gold
at 2.36 grams per tonne (" g/t”) gold and 2,254,000 ounces of silver at 5.22 g/t silver. Ana Paula hosts
measured and indicated resources of 1,461,800 ounces of gold at 2.17 g/t gold and 3,269,000 ounces of
silver at 4.8 g/t silver. A Preliminary Feasibility Study was completed in 2017 and the asset is permitted
for open-pit mining. The asset contains significant existing infrastructure including a portal and 412 metre
long decline.
San Antonio is a high-grade oxide gold deposit containing measured and indicated mineral resources of
1,735,000 ounces of gold at 0.83 g/t gold. A Preliminary Ec onomic Assessment for Argonaut was
completed in 2012.
Unga is an advanced vein district containing the SH -1 gold deposit within a large, prospective vein field.
SH-1 contains inferred minerals resources of 384,00 ounces of gold at 13.8 g/t gold.
For additional information please contact:
Charles Funk
Chief Executive Officer
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
Heliostar Metals Limited
Email: [email protected]
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
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.
This news release cont ains forward‐looking information which is subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ from those projected in
the forward‐looking statements. These forward‐looking statements are su bject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward‐looking information. Risks that could change or prevent these statements from
coming to fruit ion include, but are not limited to, general business, economic and social uncertainties;
litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; and other risks outside of the Company’s control. Furth er, labour shortages, high energy
costs, inflationary pressures, rising interest rates, the global financial climate and the conflict in Ukraine
and surrounding regions are some additional factors that are affecting current economic conditions and
increasing economic uncertainty, which may impact the Company’s operating performance, financial
position, and future prospects. Collectively, the potential impacts of this economic environment pose risks
that are currently indescribable and immeasurable. Readers are cautioned that forward -looking
statements are not guarantees of future performance or events and, accordingly, are cautioned not to put
undue reliance on forward-looking statements due to the inherent uncertainty of such statements. These
forward-looking statements are made as of the date of this news release and, unless required by applicable
law, the Company assumes no obligation to update these forward-looking statements.