Vancouver, Canada, March 28, 2023 – Heliostar Metals Limited (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) is pleased to announce that the Company has closed its transaction with Argonaut Gold Inc. (“Argonaut”) in which it has acquired, indirectly, the Ana Paula Gold Project (the “Ana Paula Gold Project”).  Heliostar now holds a 100% interest in the Ana Paula Gold deposit in Mexico (the “Transaction”).