Hellix Margarita Final Audit Drill Results

HELLIX VENTURES INC. (TSX VENTURE:HEL)(OTCBB:HLLXF) - Frank Underhill,
President, announces final audit assay results from its Margarita gold project
in southern Arizona. Hellix completed a total of twelve vertical HQ size diamond
drill holes to a maximum depth of 100 feet to confirm historic near surface test
results.


Initial assays from Hole HVM12-05 were doubted by Hellix technical personnel and
check assays were performed on pulps from that hole. Results were much higher on
the check assays performed by the second independent laboratory and were
reported in news release dated May 11, 2012. Hellix decided to check all holes
by a third assay lab as an audit confirmation.


The values in Table 1 below show gold mineralized intervals of both the final
audit and the initial assay results. The highest value obtained was 10.5 g/Mt
(0.31 oz/t) from Hole HVM12-08 over five feet in the initial assay, while the
same five foot interval returned 12.1 g/Mt (0.35 oz/t) in the audit assay.




Table 1                                                                   
                                                                          
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                                                 FINAL   INITIAL   INITIAL
                                                 AUDIT     ASSAY     ASSAY
                From      To  Length  Length        Au        Au        Au
Hole ID          (ft)    (ft)    (ft)     (m)    (g/Mt)    (g/Mt)    (oz/t)
--------------------------------------------------------------------------
HVM12-01           0       7       7     2.1                  No          
                                                        recovery          
HVM12-01          10      35      25     7.6      0.63      0.75      .022
Including         15      20       5     1.5      1.01      1.27      .037
HVM12-01          50      55       5     1.5      0.33      0.34      .010
HVM12-01          70      75       5     1.5      0.78      0.79      .023
--------------------------------------------------------------------------
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HVM12-02          20      25       5     1.5      0.76      0.66      .019
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-03           5      10       5     1.5      4.06      3.33      .097
HVM12-03          10      16       6     1.8               Stope          
HVM12-03          20      40      20     6.0      0.92      1.04      .030
Including         20      25       5     1.5      1.62      1.75      .051
Including         35      40       5     1.5      0.76      1.03      .030
HVM12-03          45      50       5     1.5      4.27      4.82      .141
--------------------------------------------------------------------------
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HVM12-04           0      20      20     6.0      0.60      0.71      .021
Including          5      10       5     1.5      1.02      1.26      .037
HVM12-04          45      50       5     1.5      0.53      1.51      .044
HVM12-04          26      32       6                       Stope          
HVM12-04          65      75      10     3.0 less than      0.93      0.27
                                                   .05                    
Including         70      75       5     1.5 less than      1.37      .040
                                                   .05                    
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-05           0      25      25     7.6      3.60      0.09 less than
                                                                       .01
--------------------------------------------------------------------------
Including          0       5       5     1.5      1.78      0.45     0.013
--------------------------------------------------------------------------
Including          5      10       5     1.5      5.45 less than less than
                                                             .03       .01
--------------------------------------------------------------------------
Including         10      15       5     1.5      4.44 less than less than
                                                             .03       .01
--------------------------------------------------------------------------
Including         15      20       5     1.5      5.52 less than less than
                                                             .03       .01
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-06          20      40      20     6.0      3.16      2.99      .087
Including         25      30       5     1.5      4.83      4.48      .131
Including         30      35       5     1.5      6.64      6.19      .181
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-07           0      20      20     6.0      1.25      1.12      .032
Including         15      20       5     1.5      3.71      3.26      .095
HVM12-07          65      70       5     1.5      0.50      0.38      .011
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-08           0       5       5     1.5      1.28      1.37      .040
HVM12-08          20      40      20     6.0      4.57      3.97      .115
Including         20      25       5     1.5      3.06      3.19      .093
Including         25      30       5     1.5      12.1     10.50      .306
Including         30      35       5     1.5      1.14      1.27      .037
Including         35      40       5     1.5      1.99      0.93      .027
--------------------------------------------------------------------------
--------------------------------------------------------------------------
HVM12-09          20      25       5     1.5      0.64      0.58      .017
HVM12-09          42      63      21     6.4      1.63      1.47      .043
Including         42      45       3      .9      3.20      3.00      .088
Including         55      60       5     1.5      1.57      1.75      .051
Including         60      63       3      .9      3.99      3.22      .094
--------------------------------------------------------------------------
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HVM12-10           5      10       5     1.5      1.17      0.96      .028
HVM12-10          20      30      10     3.0      0.49      0.52      .015
--------------------------------------------------------------------------
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HVM12-11           5      10       5     1.5      0.26      0.34      .010
--------------------------------------------------------------------------
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HVM12-12                               No reportable intercepts             
--------------------------------------------------------------------------



The variation between the initial assays and the final audit results on the
20-plus foot continuous mineralized intervals is an average of less than 5% not
including the initial assay errors from Hole HVM12-05. Hellix is now satisfied
that the assay results from the audit confirm the presence of the surface or
near surface mineralized zone intervals as reported from both the initial assay
lab (exception of Hole HVM12-05) and the second check lab. Mineralized zone
comparisons of Hole HVM12-05 first check assays and final audit assays (3.70
g/Mt and 3.60 g/Mt respectively) showed a negligible distinction.


In summary, the five holes in the Main Margarita Zone averaged 1.78 g/Mt (0.052
oz/t) over continuous intervals of 20-plus feet of at surface or near surface
mineralization. Now that these final assay results are in, Hellix will be filing
an application with the appropriate government agencies for a drilling permit to
continue with the delineation of the Margarita mineral zone.


ASSAY PROCEDURES

For the audit assays, select pulp samples from all holes were shipped from the
initial assay lab and the check assay lab to the third test facility in Canada
(an ISO accredited lab) as requested by Hellix. The pulps were tested for gold
via fire assay with gravimetric finish. Standards and blanks were included in
pulps for each hole for QA/QC purposes by Hellix in addition to the lab
independent internal standards for QA/QC. 


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.