Heliostar Welcomes James Perry as New Chairman

Core Viewpoint - Heliostar Metals Ltd. has appointed Mr. James Perry as the new Chairman, succeeding Mr. Jacques Vaillancourt, marking a significant leadership transition at a pivotal growth phase for the company [1][2]. Leadership Transition - Mr. James Perry has taken over as Chairman during the company's Annual General & Special Meeting held on November 26, 2025, indicating a strategic shift in leadership [1]. - Mr. Perry expressed enthusiasm about joining Heliostar at this critical juncture, emphasizing the company's strong foundation and potential to become a leading gold producer in the Americas [2]. Company Growth Strategy - The company aims to achieve a production target of 500,000 ounces per year by the end of the decade, highlighting its ambitious growth plans [2]. - Charles Funk, President and CEO, acknowledged Mr. Perry's previous experience at Newcrest Mining and his reputation in the industry, which will contribute to Heliostar's growth strategy [2]. Mr. James Perry's Background - Mr. Perry has over 17 years of experience in the global mining sector, with a focus on business development, corporate strategy, and governance [3]. - He previously worked at Newcrest Mining, which was acquired by Newmont Mining for approximately US$19 billion in 2023, showcasing his involvement in significant industry transactions [3]. Incentive Plan - Heliostar has issued an incentive plan that includes 250,000 stock options at an exercise price of $2.63 and 200,000 restricted share units (RSUs) for directors, officers, and consultants [4]. - The stock options will be exercisable for five years and vest over three years, while the RSUs will vest in three equal annual installments starting from the first anniversary of the grant date [4]. Company Overview - Heliostar Metals Ltd. is a gold mining company with operations in Mexico, including the La Colorada Mine and the San Agustin Mine [5]. - The company also has a portfolio of development and exploration projects in Mexico and the USA, including the Ana Paula project, Cerro del Gallo project, San Antonio project, and Unga project in Alaska [5].