TABLE 1

TABLE 2

Holes #01, #03, #04, #05 and #06 were drilled in the Main Margarita Zone. Each of these with the exception of Hole # 05 gave results of a minimum of 20 feet of surface or near surface continuous mineralization with averaged values ranging from 0 .75 g/Mt (.022 oz/t) to 2.99 g/Mt (.087 oz/t). Hole #01 ended in mineralization at a depth of seventy-five feet. Pulps from Hole #05 will be rerun as an additional check.

Holes # 02 and #07 were drilled in the North Margarita Zone. Hole #07 gave results of 1.12 g/Mt (.032 oz/t) over a 20-foot length from surface.

Holes #08, #09 and #010 were in the North Hill Zone. Hole #08 returned the highest value of 10.5 g/Mt (.306 oz/t). Holes #08 and #09 had 20 and 21 feet respectively of continuous mineralized intervals near surface.

Holes #11 and #12 were drilled in the Cascabel Zone. The results from this zone were disappointing with only limited siliceous material in core encountered in Hole #11 and none in Hole #12. Historic holes drilled in this area showed far greater values according to data provided by earlier exploration companies. The coordinate systems used historically were not standardized, and as such, exact locations of the previously drilled northern zone holes could not be established. Hellix will be utilizing these current assay results in an attempt to pinpoint these holes.

It appears that the intensity of the mineralization is indicative of higher grade values being associated with the flat fault zones separating the volcanics from the underlying quartz monzonite porphyry intrusive.  The better values are associated with generally higher original sulfide concentrations (2-4% pyrite) that have been oxidized.

The Company has also submitted eighteen separate samples from the core to be assayed for specific gravity values to determine the tonnage factor of the rock material.

Hellix intends to file a drill permit application for a minimum of 20 additional holes after analyzing and plotting these results. The main focus will be drilling on the Main Margarita to properly establish boundaries for the surface and near surface anomalous zones. Additional holes will be drilled in the northern zones, particularly in the area of Hole #08 where the highest grade sample was reported.

CORE SAMPLING AND ASSAY PROCEDURES

Core samples were collected, selected, handled and delivered to Skyline Laboratories in Tucson, Arizona by an independent Registered Geologist in charge of the QA/QC program on this project. Sample procedures were followed that meet the requirements for NI 43-101 reporting. Standards and blanks were inserted at prescribed intervals in each hole as well as a second resample of one reject material interval from each hole. Standards were provided from a reputable independent geochemical contractor. This was in addition to the Skyline labs independent internal standards for QA/QC procedures.

Skyline Laboratories is an accredited lab (ISO-TECH 17025-2005). Each sample was crushed to plus 75% -10 mesh, split (200-300gms) and pulverized with hardened steel to plus 95% -150 mesh. A 30gm sample was selected from the pulverized material and prepared for assay. Samples were fire assayed for gold with gravimetric finish with detection limits from 0.03 g/Mt to 1000 g/Mt.

The technical portion of this release has been reviewed by Qualified Person Laurence Sookochoff, P. Eng.

HELLIX VENTURES (HEL – TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in North America. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.