Hellix Corroborates USBM's Anomalous Gold on Margarita

HELLIX VENTURES INC. (TSX VENTURE:HEL)(PINK SHEETS:HLLXF) -Vancouver, BC- Frank
Underhill, President, is pleased to announce results of the Hellix rock sampling
program initiated to corroborate the findings from the United States Bureau of
Mines (USBM) report MLA 24-94.


The USBM Report MLA 24-94 supplied detailed site maps and a regional map to
identify the sample locations, along with sample descriptions to duplicate their
sample type and method. Nine of the samples were taken from the four known
target areas.


A total of twenty-five samples were taken. The highest Hellix sample was number
BM14 (27.2 g/Mt or .87 oz/ton), selected from an area 400 meters northwest of
the Margarita Mine. Table 1 compares the Hellix sampling results to the
corresponding USBM samples (BM1 corresponds to the same location, sample type
and method as T399).




TABLE 1. COMPARISON OF HELLIX RE-SAMPLING VERSUS USBM SAMPLES        
                                                                           
----------------------------------------   --------------------------------
           HELLIX RE-SAMPLING                      USBM SAMPLES 1994       
----------------------------------------   --------------------------------
                                                                      Equiv
SAMPLE                   AU     AU    AU   SAMPLE           AU     AU  g/Mt 
NUMBER                (ppb) oz/ton  g/Mt   NUMBER        (ppb) oz/ton   (ii)
----------------------------------------   --------------------------------
BM1                    2430   .078  2.43   T399            360   .012  .360
----------------------------------------   --------------------------------
BM2                    1890   .061  1.89   T396           4910   .157  4.91
----------------------------------------   --------------------------------
BM3                    1710   .055  1.71   T395           3300   .106  3.30
----------------------------------------   --------------------------------
BM4                     890   .029  .890   T403            751   .024   .75
----------------------------------------   --------------------------------
BM5(i)                   60   .002  .060   T408           1670   .053  1.67
----------------------------------------   --------------------------------
BM6       greater than 3000   .116  3.63   T406            220   .007   .22
----------------------------------------   --------------------------------
BM7                    2610   .084  2.61   T407           4360   .140  4.36
----------------------------------------   --------------------------------
BM8       greater than 3000   .108  3.39   T409           1660   .053  1.66
----------------------------------------   --------------------------------
BM9       greater than 3000   .159  4.97   T402           5240   .168  5.24
----------------------------------------   --------------------------------
BM10      greater than 3000   .243  7.58   T401            220   .007   .22
----------------------------------------   --------------------------------
BM11      greater than 3000   .305  9.53   T385/386 4515 (avg)   .145  4.52
----------------------------------------   --------------------------------
BM12                   1340   .043  1.34   T381           2240   .072  2.24
----------------------------------------   --------------------------------
BM13      greater than 3000   .139  4.35   T380           1070   .034  1.07
----------------------------------------   --------------------------------
BM14      greater than 3000   .870 27.20   T389           3160   .101  3.16
----------------------------------------   --------------------------------
BM15                    930   .030  .930   T412           1881   .060  1.88
----------------------------------------   --------------------------------
BM16                   1710   .055  1.71   T414           2720   .087  2.72
----------------------------------------   --------------------------------
BM17                   2400   .077  2.40   T415           6690   .214  6.69
----------------------------------------   --------------------------------
BM18      greater than 3000   .422 13.20   T416           5660   .181  5.66
----------------------------------------   --------------------------------
BM21      greater than 3000   .187  5.83   T438          14500   .463 14.50
----------------------------------------   --------------------------------
BM22      greater than 3000   .313  9.77   T437           4430   .142  4.43
----------------------------------------   --------------------------------
BM23      greater than 3000   .181  5.66   T434          39600  1.268  39.6
----------------------------------------   --------------------------------
BM24      greater than 3000   .137  4.29   T426-433      15100   .482  15.1
----------------------------------------   --------------------------------
BM25                    960   .031  .960   T335           5490   .176  5.49
----------------------------------------   --------------------------------
BM26                    507   .016  .507   T334           1990   .064  1.99
----------------------------------------   --------------------------------
BM27                    864   .028  .864   T332           2040   .065  2.04
----------------------------------------   --------------------------------



Note that these are select samples and were intended to duplicate historic
results. They are not indicative of average grades over mineable widths. The
samples were selected, handled and hand delivered by a professional geologist to
Skyline Labs in Tucson, Arizona. Samples were fire assayed for gold only.


(i) Sample BM5 was the only sample of non-siliceous porphyry rock. It is
possible the USBM sampled an adit now collapsed and filled in 30 yards to the
east of this Hellix re-sampled adit. This result reinforces the observation that
only highly silicified rock contains economic gold.


(ii) Conversion using http://www.cleavebooks.co.uk/scol/ccconc.htm

As per USBM descriptions, most were select samples of dump material originating
from the Margarita Mine and a series of adits, pits and other workings on the
claim group, consisting of hematite stained and/or pyritic silicified rock.
While many of the Hellix samples are lower in gold than the USBM samples from
the same site, they show the areas are highly anomalous. Our geologist suspects
that he chose samples that were more representative of the present sites rather
than picking the best looking specimen from the group. Some sites such as BM3
have been partially reclaimed, and over time some workings have collapsed.


Samples BM1 through BM10 were located within the four main target areas. Sample
BM2 was from a dump approximately 30 feet NE from rock chip sample 984049 (2700
ppb gold) taken from outcrop during a previous sampling program announced
February 16, 2011. Samples BM11 through BM14 (the highest Hellix value) were all
taken from an area northwest of the Margarita Mine where shallow historic
workings were present. Four samples (BM21 through BM24) were taken from dumps of
workings south of the Margarita Mine. BM21 was from a cut approximately 50 feet
long, 8-20 feet wide, 10 - 15 feet deep, while BM22 was from a series of cuts
about 30 x 15 x 10 feet deep. Samples BM25 through BM27 were taken from the
northern portion of the Oro claim block. This area had specimens which were less
silicified than elsewhere.


Three of the Hellix samples were chip samples of in-place rock. At two sites
(BM15/BM16), chip samples were from a hematite stained, variably silicified face
of a large open cut. Sample BM16 was cut from a ten foot wide zone. These were
east of the Margarita target areas, though results are comparable to those from
the main Margarita Mine. Samples BM17 and BM18 were taken from dumps in the same
general location. The third chip sample was BM5 and as mentioned above, was of
non-silicified rock.


Hellix continues to be encouraged by the increasing corroboration of historic
anomalous sites on and near the Margarita target zones now within our expanded
claim group. We have broadened our exploration area to the west, the east and
the south based on our silt and rock sampling programs.


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.