|Wed Nov 9, 2005|
|Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") is pleased to announce that 1,187,500 share purchase warrants, priced at $0.33 per share, have been exercised, resulting in net proceeds to the treasury of $391,875.00.|
The Company now has 21,084,000 shares issued and outstanding.
The proceeds from the warrant exercise will be used to to generate new projects and continue to advance Helio's 100% owned projects in Namibia, southern Africa.
Currently, the Company has joint ventures on five of its nine projects. The Company's partners are committed to spending an aggregate of $2,500,000 on exploration before June 2006.
For additional information, please contact Richard Williams at (604) 668 8356 or by e-mail at firstname.lastname@example.org
ON BEHALF OF THE BOARD OF DIRECTORS,
"Richard D. Williams"
Richard D. Williams, P.Geo
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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