Vancouver, Canada, January 17, 2023 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce a non-brokered private placement of up to 74,000,000 units (the “Units”) of the Company at a price of C$0.22 per Unit for gross aggregate proceeds of up to approximately C$16,280,000 (US$12,500,000) (the “Offering”).