Heliostar Announces Closing of First Tranche of $4 Million Non-Brokered Private Placement

Vancouver, Canada, October 19, 2021 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce that, further to its news releases dated October 4, 2021 and October 6, 2021, it has closed the first tranche of its non-brokered private placement offering (the “Offering”) of up to 5,714,285 units (each a “Unit”) of the Company at a price of $0.70 per Unit (the “Offering Price”).  In the first tranche, the Company completed the sale of 1,857,465 Units at the Offering Price for gross proceeds of $1,300,225.50.

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