Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core Properties

Executive Summary

• Heliostar Metals has completed its previously announced option agreement with Zacatecas Silver Corp. for the acquisition of a 100% interest in four non-core exploration properties in Mexico.
• The transaction involves staged payments totaling $450,000 in cash and $750,000 in Zacatecas Silver shares over three years, with initial closing payments of $129,000 cash and 4,217,845 Zacatecas shares already issued.
• Heliostar retains a 2% net smelter return (NSR) royalty on the properties, with 1% available for repurchase for $2,000,000 prior to commercial production.

Key Details

• Transaction: Completion of option agreement with Zacatecas Silver Corp. (TSXV: ZAC) for 100% interest in non-core exploration properties.
• Properties Transferred: Cumaro, La Lola, Oso Negro, and Ejutla early-stage exploration projects located in Mexico.
• Total Consideration: $450,000 in cash and $750,000 in Zacatecas Silver shares, payable in staged payments over three years.
• Closing Payments: $129,000 in cash paid and 4,217,845 shares of Zacatecas Silver issued to Heliostar upon closing.
• Royalty Retention: Heliostar retains a 2% net smelter return (NSR) royalty on the properties.
• Royalty Repurchase Option: 1% of the NSR is available for repurchase at any time prior to commercial production for $2,000,000.
• Original Announcement: The agreement was initially announced on March 2, 2026.