Hellix Athabasca Gold Project Update

HELLIX VENTURES INC. (TSX VENTURE:HEL)(OTCBB:HLLXF) - Frank Underhill,
President, announces updates on its Athabasca project near Nelson, British
Columbia, Canada.


Hellix has received results on its soil sampling program, initiated after
several areas of elevated gold-in-soil geochemistry were found in 2011 (see
Hellix news release dated September 16, 2011).


The 2012 infill sampling program within the eastern claim block area continues
to return significant values of gold-in-soil, with several individual samples
returning over 1000 ppb gold. Some samples may have been influenced by material
released from the historic tram line that transferred ore from the historic
Athabasca and Venus Mines to the mill site transecting part of the soil sample
grid. This reasoning does not hold true however, for the significant results
this program obtained at a distance of one hundred to two hundred metres (three
hundred thirty to six hundred sixty feet) to the east of the old tram line.
Further investigation of this area is warranted.


Hellix also announces it has assembled all personnel for its Athabasca drill
program first announced March 28, 2012. Drilling will commence very shortly.


Soil Sampling Procedures

Sampling was conducted using pick and shovel to obtain "B" horizon soil samples.
Sample positions were surveyed in the field with stations at 25 metre intervals.
Line spacing was 100 metres, with 50 metre spaced lines in detailed areas. All
samples were shipped to Acme Laboratories in Vancouver, BC, where they underwent
the lab's IF-03 process, where a 30 gram split from the prepared sample is
analyzed for 37 elements by ICP-MS methodology.


The technical portion of this release has been reviewed by Qualified Person
Laurence Sookochoff, P. Eng.


HELLIX VENTURES (TSX VENTURE:HEL) is engaged in the identification, acquisition,
exploration and development of gold and silver properties in North America.
Hellix has no debt (other than short-term trade payables), and has positive cash
flow from fossil fuel production in Western Canada. All transactions stated or
referred to herein are expressly subject to TSX Venture Exchange approval as
well as all other applicable regulatory body approvals. 


ON BEHALF OF THE BOARD OF DIRECTORS

HELLIX VENTURES INC.

Frank Underhill, President

The forgoing is for informational purposes only, and is not to be construed as
an offer to buy or sell securities in any jurisdiction. It may contain
forward-looking statements. While the data compiled by management is from
sources deemed to be reliable, actual future results may vary materially. Hellix
Ventures Inc. does not assume the obligation to update any forward-looking
statement and will not be responsible for any loss arising from the use of this
information. Historically reported results may not be NI 43-101 compliant and
therefore caution should be used in relying on such statements.