OTJITOMBO SOUTH
Copper - Zinc - Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
94,000 Ha. |
| TARGET STYLE: |
Sediment Hosted Gold & Base Metals. |
| DRILL TARGETS: |
Early stage exploration. |
| TARGETS: |
Large polymetallic and gold anomalies generated from stream-sediment surveys.
Cu-Pb-Zn-Au Mineralisation discovered in float. |
| PARTNER: |
Helio can earn 90% from Teck Cominco. |
| LOCATION: |
Northwest Namibia. |
| GEOLOGY: |
Neo-Proterozoic Damara sediments. |
WORK COMPLETED BY HELIO
- Data compilation
- Interpretation of the continuity of mineralisation from Helio’s Otjitombo property
- Property-wide stream sediment sampling
- Limited grab sampling

Anomalous copper in drainage basins.
SUMMARY
Stream sediment sampling indicates a number of interesting Au-Cu-Pb-Zn anomalies, covering over 20km of strike, and located within the same prospective stratigraphy as the Otjitombo property. Drill results at Otjitombo include 40m @ 1.03% Cu and 0.12g/t Au (DDH).
Follow up soil sampling will commence in the near future.
Recent academic work in the area highlights the presence of a number of styles of mineralising systems indicating good potential for the discovery of new mineral deposits.

Anomalous gold in drainage basins.
VREDELUS
Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
11,200 Ha |
| TARGET STYLE: |
Sediment-hosted, Navachab-style Gold. |
| DRILL TARGETS: |
Drill ready. |
| TARGETS: |
A number of geophysical targets with soil and rock geochemical support remain to be tested. |
| PARTNER: |
Optioned to Desert Minerals (UK) Ltd. |
| LOCATION: |
Central Namibia. |
| GEOLOGY: |
Damara sediments, the same stratigraphy as the Navachab Mine and Otjikoto deposit. |
WORK COMPLETED BY HELIO
- Geological mapping & grab sampling
- Geophysical IP survey, EM interpretation
- Initial RC drilling totalling 3042.5 m
SUMMARY
Licence includes known, historically-drilled, gold mineralisation. Initial drilling indicates the presence of a number of zones of anomalous gold mineralisation.
A number of coincident geophysical, geochemical soil- and rock grab sampling targets remain to be tested.

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TEVREDE NORTH
Gold - Copper - Lead - Zinc - Silver Project

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PROJECT SUMMARY
| PROJECT SIZE: |
49,000 Ha. |
| TARGET STYLE: |
Iron Oxide Copper Gold.
Polymetallic Cu-Pb-Zn-Ag.
Structurally Hosted Gold. |
| DRILL TARGETS: |
Early stage exploration. |
| TARGETS: |
1st Phase soil sampling identified major base metal and gold anomalies.
Outcropping mineralization discovered. |
| PARTNER: |
Helio can earn 90% from Teck Cominco. |
| LOCATION: |
Northwest Namibia. |
| GEOLOGY: |
Early Proterozoic Kamanjab Inlier. |
WORK COMPLETED BY HELIO
- Property-wide stream sediment sampling;
- Extensive 1st phase soil sampling programme;
- Selective infill soil sampling over anomalies
- Reconnaissance geological mapping and grab sampling of mineralized occurrences;

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SUMMARY
20km+ s strike length of rocks with known base-metal potential (see also Honib summary), hosting multiple polymetalic soil anomalies. Infill soil geochem ongoing.
Bedrock copper, zinc, lead and gold mineralization identified during reconnaissance mapping and grab sampling.

Copper Geochem & Grab samples
DAMARA GOLD PROJECT
Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
318,500 Ha. (3,185km2) |
| LICENCES: |
Etjo South, Otjimbojo, Wilhelmstal and Okakango |
| OWNERSHIP: |
100% owned |
| LOCATION: |
Central Namibia, licences are located between 20-100km to the east and northeast of, and in the same geological terrain as AngloGold Ashanti's Navachab mine and approximately 150km southwest of Auryx's Otjikoto project. |
HIGHLIGHTS
A review of the data generated previously by AngloGold Ashanti and Desert suggests strong potential for Navachab- and / or Otjikoto-style gold mineralisation on the four licences.
- Drill testing of various targets returned intercepts including 3m at 4.7g/t Au, 8m at 3.0 g/t Au, 3.4m at 3.0g/t Au (open), 4m at 6.1g/t Au, 1m at 71g/t Au, 6m at 6.4g/t Au (open), 1m at 10.5g/t Au, 4m at 8.6g/t Au (open), and 34m at 0.9g/t Au.
- Drill hole OTRC30 (AGA) bottomed in 4m grading 8.6g/t Au, and the last 1m sample of the hole assayed 18.8g/t Au. The nearest drilling on strike from this hole is 250m away.
- Drill hole OTD 15 (AGA) bottomed in 3.4m grading 3g/t Au. The main area of drilling is over 1,000m away.
- Rock chip sampling of mineralised outcrop by AGA returned up to 5m grading 11.3g/t Au -- never drill tested;
- The same geology that hosts the Navachab gold mine and Otjikoto resource;
- A 7,000m long series of Au ± As ± Cu soil anomalies related to folded neo-Proterozoic marbles, similar to the geological setting of the Navachab gold mine;
- Numerous geochemical soil and bedrock sample anomalies never followed up.
- Another 8 new high-priority targets discovered on the Wilhelmstal licence in March.
- Initial 10,000m+ drill programme started in February 2011.

Damara Project - Otjimbojo and Wilhelmstal licences
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Otjimbojo Licence
- AngloGold Ashanti (AGA) drilling concentrated around one secondary fold nose close to the old Gold Kop Mine. This is located within a 4km+ gold in soil anomaly, which is open to the northeast and southwest.
- Drilling has only tested to a vertical depth of 50m. Several drill holes bottomed in mineralisation and have never been followed up.
- Skarn-type mineralisation occurs within veins and semi-massive and disseminated sulphides (pyrrhotite, pyrite and minor chalcopyrite) hosted within amphibolite-facies calc-silicate and carbonate rocks intruded by granitoids - similar in style to the Navachab Mine.

Selected Drill Results from Gold Kop
Wilhelmstal Licence

Wilhelmstal Soils Map
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- Previous exploration discovered numerous gold-in-soil anomalies, as well as outcropping bedrock mineralisation tested by RAB drilling - see map above. This was not followed up.
- Channel sampling of favourable gossanous horizon returned up to 5m grading 11.3g/t Au - never drill tested.
Plans for 2011
- Oriented diamond drilling and structural studies to identify controls on areas of known bedrock-gold mineralisation.
- Commence 10,000m RC/RAB drill programme in Q1, 2011 to test regional targets.
- Detailed geochemical and airborne geophysical surveys to identify new targets related to sulphide mineralisation.
- Establish resource potential by the end of 2011.
DAMARA GOLD PROJECT
Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
396,000 Ha. |
| LICENCES: |
Etjo South, Otjimbojo, Wilhelmstal and Okakango |
| OWNERSHIP: |
100% owned |
| LOCATION: |
Central Namibia |
DAMARA GOLD PROJECT
Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
396,000 Ha. |
| LICENCES: |
Etjo South, Otjimbojo, Wilhelmstal and Okakango |
| OWNERSHIP: |
100% owned |
| LOCATION: |
Central Namibia |
DAMARA GOLD PROJECT
Gold Project

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PROJECT SUMMARY
| PROJECT SIZE: |
396,000 Ha. |
| LICENCES: |
Etjo South, Otjimbojo, Wilhelmstal and Okakango |
| OWNERSHIP: |
100% owned |
| LOCATION: |
Central Namibia |