Heliostar Metals Adds to Board of Directors
595 Burrard Street, Suite 1723, Vancouver BC, V6X 1J1, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX : HSTXF, FRA: RGG1
Heliostar Metals Adds to Board of Directors
Vancouver, Canada, December 5, 2024 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA:
RGG1) (“Heliostar” or the “Company”) The Board is pleased to announce the following addition to its
board.
We are very pleased and proud to announce 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, Corporacion San Luis/Luismin, La Domincia
SA de CV and Industrias Peñoles SA de CV.
Heliostar C hairman, Jacques Vaillancourt commented “The past 24-months have been deeply
transformational for the Company. Heliostar has rapidly evolved from being exploration company, to a
development company, to now being a gold producer in Mexico . This growth requires additional
governance, expertise, experience, skills, judgement, discipline and a depth of understanding of Mexico
and the Mexican mining industry. We believe that the addition of Ramon D ávila will be a cornerstone to
Heliostar’s board of Directors and its governance”.
As part of his responsibilities Mr. Dávila will join Heliostar’s Technical Committee, chaired by Mr. Alan
Wilson Ph.D., our Health, Safety, Environmental, Sustainable Development (“HSESD”) Committee chaired
by Mr Barry Murphy, and the Human Resources and Compensation Committee, chaired b y Mr. George
Ireland.
As part of the compensation of his service the Board will grant Mr Dávila 200,000 share purchase options
with a five (5) year terms and a strike price of C$0.70 and 50,000 Restricted Share Units (“ RSU”’s). The
options will vest immediately. The RSU’s will vest 1/3 in one (1) year (December 5, 2025), 1/3 in two (2)
years (December 5, 2026) in and the final 1/3 will vest in three (3) years (December 5, 2027) from today.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Jacques Vaillancourt
Chairman
Heliostar Metals Limited
Email: [email protected]
Charles Funk
President & CEO
Heliostar Metals Limited
Email: [email protected]
TSX.V: HSTR
OTCQX: HSTXF
595 Burrard Street, Suite 1723, Vancouver BC, V6X 1J1, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX : HSTXF, FRA: RGG1
Forward-Looking Statements
Some of the statements in this press release, including those relating to the Company’s discussions of
contractual agreements, future products, opportunities, cost initiatives, strategies, and other statements
that are predictive in nature, that depend upon or refer to future events or conditions, or that include
words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions,
are forward -looking statements within the meaning of securities laws. Forward -looking statements
include, without limitation, statements regarding exploration and development plans. These statements
are not historical facts but instead represent only the Company’s expectations, estimates, and projections
regarding future events. The Company does not undertake any obligation to update or release any
revisions to these forward -looking statements to reflect events or circumstances after the date of this
communication or to reflect the occurrence of unanticipated events, except as required by law.