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 Wed Nov 9, 2011
Helio Agrees to Private Placement Financing with IFC Investment of $1.7 Million

 Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to announce that it has reached agreement with IFC, a member of the World Bank Group, whereby IFC will enter into a private placement equity subscription agreement (the "Financing") with the Company.

The Financing comprises 5,000,000 Units whereby each Unit consists of one common share of the Company and one half of one common share purchase warrant of the Company. Each common share is priced at $0.34 and each full common share purchase warrant is priced at $0.425 and is valid for a period of 2 years from the date of closing this financing.

The proceeds of the Financing will be used to continue the development and exploration of the SMP Gold Project, Tanzania, the Damara Gold Project in Namibia and for general working capital.

The Financing is scheduled to close on or before November 23, 2011, and is subject to TSX Venture Exchange approval.

Helio's ongoing association with IFC represents numerous significant positives to the Company, most notably:
  1. IFC's track record of providing on-going financial support to its clients throughout the project cycle;
  2. An association with a global financial organisation that promotes the highest of operating, environment, social, and health standards and;
  3. The recognition of the potential of the Company's project to become viable gold deposits thereby providing economic stimulus to under-developed regions.
ABOUT IFC

IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital and providing advisory and risk mitigation services to businesses and governments. IFC's new investments totalled $18 billion in fiscal 2010. For more information on IFC, visit www.ifc.org.

For additional information, please contact Richard Williams at +1 604 638 8005 or by e-mail to richard@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


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
 

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