Hellix Athabasca Underground Rock Sampling Results

HELLIX VENTURES INC. (TSX VENTURE:HEL)(PINKSHEETS:HLLXF) -Frank Underhill,
President, announces results from its rock sampling at the Athabasca gold
property near Nelson, BC. This is supplemental to the soil sampling program
completed earlier this year. The program was undertaken to verify the results
summarized by previous operators of the property, particularly the 1987
Compilation Report by Beaty Geological (B.C. assessment report 17,184) and to
possibly expand upon those results. 


The main objective of this phase was to collect samples as far into the historic
underground workings as safe access allowed and to perform a cursory view of any
outcrops on surface. Our geologist collected a total of 14 surface samples and
12 underground samples from the Athabasca. Of the surface samples, only one
assayed over 1 gram/tonne at 1.053 (0.031 ounce per metric tonne) from a chip
sample in a small shaft across a sixty centimeter (two foot) length. The
underground sampling did return significant values up to 215.7 grams per tonne
gold along with anomalous silver values in 10 of twelve samples. Underground
assay results for both gold and silver are detailed below.




                      HELLIX UNDERGROUND SAMPLE RESULTS                     
                                                                            
----------------------------------------------------------------------------
                         Gold      Gold                      Silver         
              Gold  FireAssay    Fusion     Gold    Silver   Fusion   Silver
Sample         ICP     grams/    grams/  ounces/       ICP   grams/  ounces/
ID             ppb      tonne     tonne       Mt       ppb    tonne       Mt
----------------------------------------------------------------------------
pgug01     51260.7                 46.9     1.37     13691               0.4
----------------------------------------------------------------------------
           greater                                 greater                  
              than                                    than                  
pgug02    100000.0                215.7     6.31  100000.0      169     4.94
----------------------------------------------------------------------------
pgug03       249.5      0.205                        44396              1.30
----------------------------------------------------------------------------
pgug04      5949.4      4.193               0.12     12263              0.36
----------------------------------------------------------------------------
pgug05      9344.7                 6.90     0.20     19134              0.56
----------------------------------------------------------------------------
pgug06      2711.6      2.245               0.07     11604              0.34
----------------------------------------------------------------------------
pgug07     32053.1                27.60     0.81     10899              0.32
----------------------------------------------------------------------------
pgug10        67.1      0.079                         2069                  
----------------------------------------------------------------------------
pgug11        49.9       0.06                        10363              0.30
----------------------------------------------------------------------------
pgug12        66.9      0.057                        15849              0.46
----------------------------------------------------------------------------
pgug13        20.4      0.013                          886                  
----------------------------------------------------------------------------
           greater                                                          
              than                                                          
pgug14    100000.0                105.9     3.10     47560              1.39
----------------------------------------------------------------------------
                                                                            
              1 gram per tonne = 0.029 ounces per metric tonne              



Samples were selected, handled and shipped to Acme Laboratories in Vancouver by
a professional geologist contracted by Hellix. Rock samples underwent ultratrace
ICP-MS analysis for 37 elements and Fire Assay for gold by ICP-ES as well as
fusion with gravity finish. Metallics assays were requested, however Acme
indicated that there was insufficient sample quantity in the rejects to allow
for the minimum requirement. Results are grab samples only and are not
indicative of grades over mineable widths.


Sample pgug02 (215.7 grams per tonne) was from a chip of a vein located within
the west-central side of the mine workings, along the main tunnel entrance
drift. Sample pgug14 (105.9 grams per tonne) was from a chip sample taken from
an exposed vein at the far western extent of the mine workings.


The variability of sample results indicates the potential for nugget effect,
where gold grains are not evenly distributed through a vein that appears to have
similar characteristics. This is a common challenge in evaluating high grade
gold-bearing veins. 


A comparison of ICP analysis to Fire Assay analysis of several of the higher
gold values shows ICP generally returned higher values. This may be due to
fraction sizes of gold grains, with potential loss of coarse grains during the
sieving of the crushed material. Coarse grains would be rejected from the sample
as part of the oversize fraction. Metallics assaying is recommended in future
samples taken from the high grade veins.


Underground sampling was limited by poor access via part of a stoped area in the
upper western region of the historic mine. Two old mine plans were utilized and
while not up to date, the general location of some key points were confirmed by
our geologist. A mine safety expert was onsite and presented recommendations for
rehabilitation of the workings for future access. 


The vein system appears to be continuing down-dip from the existing workings as
evidenced by this sampling program. This suggests that diamond drilling from
surface to intersect the western down-dip extension of the vein should
successfully evaluate the potential for continued gold-bearing veins in that
direction. 


A surface drilling program is now being planned. A recommendation to open up the
#2 portal will enable a more extensive panel sampling of exposed underground
veins. It would serve as the main entry point to the old workings while the
existing entrance would provide an alternative if necessary.


New anomalous gold zones on the Athabasca discovered in our soil sampling
program (announced in Hellix news release dated September 16, 2011) will be
followed up utilizing the pathfinder elements (including silver, lead and zinc)
associated with the higher grade rock samples from our underground sampling
program. 


Hellix is very encouraged by the confirmation of highly anomalous gold in an
area historically reported underground on the Athabasca property.


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.