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News Releases
 Fri Dec 2, 2005
Warrant Extension

 Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") announces that it has applied to the TSX Venture Exchange (the "Exchange") to extend the expiry date of 1,998,500 share purchase warrants from December 23, 2005 to December 23, 2006. The exercise price of the warrants remains unchanged at $0.50.

Early Expiry

The warrant extension application also requests Exchange approval for an earlier expiry term if, at any time prior to November 17, 2006 for 10 consecutive trading days the closing price of the common shares of the Company exceeds $0.65 per share (the "Triggering Event"). Upon a Triggering Event, the term of the warrants will be automatically amended and shortened to a period of 30 days. The 30 day period will commence seven calendar days after the Triggering Event. The warrant holder must exercise within this earlier time limit or the warrant will expire. Both the extension of the outstanding warrants and early expiry are subject to the approval of the TSX-Venture Exchange.

Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies and specializes in innovative new-project generation. Helio is actively developing 10 prospective gold, copper and diamond properties in Namibia and Botswana. As part of its strategic approach to project development, Helio has forged partnerships with firms such as Teck Cominco, Indicator Minerals, Yale Resources, Boulder Mining and Springbok Resources to advance a number of its projects.

For additional information, please contact either Richard Williams at or Irene Dorsman at

"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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