Vancouver, Canada, October 4th,2021 – Heliostar MetalsLimited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”)is pleased to announce the commencement of a non-brokered private placement of up to 2,857,143 units (the “Units”)at a price of $0.70 per Unit for gross proceeds of up to $2,000,000 (the “Offering”).