Heliostar Appoints New CFO: A Strategic Move for Growth

Heliostar Metals Limited (TSX.V: HSTR, US: RGCTF, FRA: RGG), a well-financed junior exploration and development company with a portfolio of high-grade gold projects in Alaska and Mexico, has announced the appointment of Mr. Mahesh Liyanage as the new Chief Financial Officer (CFO). This strategic move aligns with the company's objectives to build a dynamic management team and unlock the potential of its high-grade portfolio.



Mr. Liyanage brings a wealth of experience and skills to Heliostar, with over 20 years in diverse industries and strengths in Canadian public company reporting and regulatory compliance, business spin-offs/mergers and acquisitions, treasury management, and Canadian and US tax compliance. His extensive experience in US and Mexican operations will be particularly valuable for Heliostar, given its focus on projects in both regions.

The appointment of Mr. Liyanage reflects Heliostar's commitment to retaining key talent and fostering long-term growth. His options vesting schedule, with one-third vesting immediately, one-third after 12 months, and the final third after 24 months, aligns his interests with those of the company over an extended period. This approach encourages him to contribute to Heliostar's growth and success while ensuring that his financial interests are tied to the company's performance.

In the press release, Heliostar's CEO, Charles Funk, commented, "I welcome Mahesh to Heliostar Metals as we continue to build a dynamic management team that can unlock the potential of our high-grade portfolio in Alaska and Mexico." This statement underscores the strategic alignment of Mr. Liyanage's appointment with Heliostar's objectives and financial management strategies.

As Heliostar continues to explore and develop its high-grade gold projects in Alaska and Mexico, the appointment of Mr. Liyanage as CFO will be crucial in managing the company's financial aspects, ensuring its financial health and stability, and maximizing shareholder value. His expertise in finance, accounting, and regulatory compliance, combined with his experience working in the US and Mexico, will be invaluable in helping Heliostar navigate the complexities of its operations and achieve long-term success.

In conclusion, the appointment of Mr. Mahesh Liyanage as the new CFO of Heliostar Metals Limited is a strategic move that aligns with the company's objectives to build a dynamic management team and unlock the potential of its high-grade portfolio. His extensive experience and skills, combined with the vesting schedule of his options, reflect Heliostar's commitment to retaining key talent and fostering long-term growth. As Heliostar continues to explore and develop its projects in Alaska and Mexico, Mr. Liyanage's expertise will be crucial in managing the company's financial aspects and maximizing shareholder value.