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 Fri Aug 1, 2008
Namibia Update

 

Helio Resource Corp. (TSX-V: HRC) ("Helio" or the "Company") announces that its agreement with TransAfrican Minerals Limited (see news release dated March 13, 2008) has been terminated. The Company will continue to seek partners for its projects in Namibia.

Helio will continue to focus on developing the SMP Gold Project in Tanzania, where three diamond drill rigs are currently drilling at the Kenge and Porcupine Targets (see recent news release dated July 2 and July 21, 2008).

For additional information, please contact Richard Williams or Irene Dorsman at +1 604 638 8007 or by e-mail to richard@helioresource.com or irene@helioresource.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams, P.Geo
CEO

"Chris MacKenzie"
Christopher J. MacKenzie, C.Geol.
COO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
 

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