Recent Insider Transactions • May 17
Independent Director recently bought CA$79k worth of stock On the 15th of May, Alan Wilson bought around 36k shares on-market at roughly CA$2.20 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$124k. Insiders have collectively bought CA$279k more in shares than they have sold in the last 12 months. Announcement • Apr 28
Heliostar Metals Ltd. (TSXV:HSTR) completed the acquisition of Speciality American Metals Inc. from Liberty Gold Corp. (TSX:LGD). Heliostar Metals Ltd. (TSXV:HSTR) agreed to acquire Speciality American Metals Inc. from Liberty Gold Corp. (TSX:LGD) for $72.1 million on March 20, 2026. Consideration is comprised of: $10 million in cash plus approximately 1.6 million Heliostar common shares on closing of the Transaction, $10 million in cash 12 months from Closing, $10 million in cash 18 months from Closing, $15 million in cash on the earlier of the achievement of certain infrastructure-related milestones or 5 years from Closing, $25 million in cash on the earlier of release of a feasibility study, a construction decision or 5 years from Closing.
The Transaction is subject to approval by the Board of Directors of Liberty Gold, TSX-V regulatory approvals, Utah Trust Lands Administration consent, as well as customary closing conditions. The same has been approved by the Board of Directors of Liberty Gold. The transaction is expected to occur within 30 days.
Canaccord Genuity Corp. (“Canaccord Genuity”) and 3L Capital Inc. acted as financial advisors to Liberty Gold and Blake, Cassels & Graydon LLP and Parsons Behle & Latimer acted as legal counsel in connection with the Transaction. Canaccord Genuity has provided a fairness opinion to the Board of Directors of Liberty Gold, to the effect that, as of the date hereof, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be received by Liberty Gold pursuant to the Transaction is fair, from a financial point of view, to Liberty Gold. Farzad Forooghian of Foroooghian & Company Law Corporation acted as legal advisor to Heliostar Metals while Bob Wooder of Blake, Cassels & Graydon LLP acted as legal advisor to Liberty Gold Corp.
Heliostar Metals Ltd. (TSXV:HSTR) completed the acquisition of Speciality American Metals Inc. from Liberty Gold Corp. (TSX:LGD) on April 27, 2026. Announcement • Apr 24
Heliostar Metals Limited Drills High Grade Gold Intercepts at Ana Paula Project Heliostar Metals Ltd. announced additional results from the ongoing drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The program aims to convert inferred ounces to higher confidence classifications. It will also support the ongoing Feasibility Study and test the next exploration targets around the Ana Paula deposit. Heliostar has completed 88 holes and 31,184 metres as part of its ongoing 2025-26 drill program at Ana Paula. The drill program is infilling areas of inferred mineralization currently in the November 2025 Preliminary Economic Analysis mine plan. In parallel, it is also defining additional mineralization near planned underground mine infrastructure through step-out drilling and continuing to explore at depth for down-plunge extensions of mineralization in the Expansion Zone. This release covers five holes in the High Grade Panel. These holes were drilled as part of an ongoing drill program that continues to expand beyond the planned 28,000 metres of drilling driven by cost efficiency and exploration success. There are fourteen holes from the High Grade Panel area awaiting assay results. Where appropriate, these holes are also being used to collect rock strength data, hydrogeologic data and samples for further metallurgical studies that will expedite bringing these zones into a future mine plan in the upcoming Ana Paula Feasibility Study. Hole AP-25-349 is located approximately 55 metres west of AP-25-359 and 104 metres west of AP-25-360. Hole AP-25-349 was designed to infill a portion of inferred mineralization within the High Grade Panel. The hole returned 28.95 metres grading 11.24 grams per tonne (“g/t”) gold, including 19.70 metres grading 15.14 g/t gold, confirming a well-developed high-grade zone consistent with the current interpretation. Hole AP-25-359, located approximately 55 metres southwest of AP-25-360, was drilled to test and infill the vertical extent of the High Grade Panel. The hole returned 43.80 metres grading 13.91 g/t gold, including 19.85 metres grading 22.51 g/t gold, highlighting the presence of a strong high-grade core within a broader mineralized interval. Additional intervals of 24.75 metres grading 8.96 g/t gold and 6.00 metres grading 27.98 g/t gold in this hole further support the continuity of high-grade mineralization. Hole AP-25-360 is located centrally within the drill pattern and was designed to infill and test mineralization at depth within the High Grade Panel. The hole returned 69.15 metres grading 10.09 g/t gold, one of the thickest intervals encountered within the panel. Hole AP-25-371 is located approximately 52 metres east of AP-25-360 and 105 metres northeast of AP-25-359, testing the eastern portion of the panel and infilling inferred mineralization in this area. The hole returned 30.65 metres grading 11.33 g/t gold, including 14.05 metres grading 22.13 g/t gold, confirming the continuation of broad zones of high-grade mineralization across this portion of the High Grade Panel. The results reported demonstrate consistent, high-grade mineralization across closely-spaced drill holes and support the ongoing conversion of inferred resources within the High Grade Panel to higher confidence categories. Mineralization remains consistent with an interpreted east-west trending structure that controls the high-grade zones. True widths are unknown. Mineralization at Ana Paula occurs as disseminations or vein stockworks with variable controls including rock porosity, lithology and fault networks. Drilling continues throughout the High Grade Panel and its less well-defined west edge, and the Expansion Zone. Two of the drills have continued to target deeper inferred mineralization and the 250 m corridor between the High Grade Panel and a northern exploration zone. The next Ana Paula drill results are expected to be released in May. Drill core is PQ and HQ size, and the core is cut in half, with half sent for analysis. Core samples were shipped to ALS Limited in Zacatecas, Zacatecas and Hermosillo, Sonora, Mexico, for sample preparation and for analysis at the ALS laboratory in North Vancouver. The Zacatecas, Hermosillo, and North Vancouver ALS facilities are ISO/IEC 17025 certified. Gold was assayed by 30-gram fire assay with atomic absorption spectroscopy finish, and overlimits were analyzed by 30-gram fire assay with gravimetric finish. Control samples comprising certified reference and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance /quality control protocol. 
