Hellix Margarita HVM12-05 Drill Hole Check Assay Results

HELLIX VENTURES INC. (TSX VENTURE:HEL)(OTCBB:HLLXF) - Frank Underhill,
President, announces check assay results received from an independent assay
laboratory on Hole HVM12-05 from the drill program completed this year on its
Margarita gold project in southern Arizona. Initial results on all twelve holes
were received from Skyline Laboratories in Tucson, Arizona and announced on
April 18, 2012.


The check assays were prompted by doubts expressed by Hellix technical personnel
at the lack of anomalous gold values from the original assays of Hole HVM12-05
in which the split core showed strong similarities to the near surface core from
other holes drilled on the Main Margarita zone which returned higher gold
values.


The values in Table 1 below show one gold mineralized five foot interval of Hole
HVM12-05 from the initial testing of the core by Skyline. The values in Table 2
utilize check assays from ALS Minerals in Reno of the same hole showing a
twenty-five foot interval from surface averaging 3.70 grams gold per metric
tonne.




                                   Table 1                                  
                    ASSAY FROM INITIAL LABORATORY TESTING                   
                                                                            
----------------------------------------------------------------------------
Hole ID    From (ft)   To (ft) Length (ft)  Length (m)  Au (g/Mt)    Au oz/t
----------------------------------------------------------------------------
HVM12-05           0         5           5         1.5       0.45      0.013
----------------------------------------------------------------------------

                                   Table 2                                  
                 CHECK ASSAYS FROM SECOND LABORATORY TESTING                
                                                                            
----------------------------------------------------------------------------
Hole ID    From (ft)   To (ft) Length (ft)  Length (m)  Au (g/Mt)    Au oz/t
----------------------------------------------------------------------------
HVM12-05           0        25          25         7.6       3.70       .108
Including          0         5           5         1.5       1.60       .047
Including          5        10           5         1.5       6.20       .181
Including         10        15           5         1.5       4.37       .127
Including         15        20           5         1.5       5.33       .155
Including         20        25           5         1.5       1.00       .029
----------------------------------------------------------------------------



For the check assays, select pulp samples from HVM12-05 were shipped from
Skyline Laboratories in Tucson, Arizona directly to ALS Minerals in Reno, Nevada
by Skyline employees as requested by Hellix. ALS Minerals in Reno, Nevada (an
ISO accredited lab) tested the pulps for gold via fire assay with gravimetric
finish. Two standards and one blank were included for QA/QC purposes.


The Company intends to re-assay select pulps from mineralized intersections on
all the holes by a third independent assay lab as an audit confirmation of the
originally reported assays.


Management is pleased with the results so far, particularly on the Main
Margarita zone. As at this date, all holes in this zone show a minimum of twenty
feet of continuous anomalous gold at or near surface. All results from the
latest check assays will be announced when received.


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.