Hellix Drops Margarita Lease

HELLIX VENTURES INC. (TSX VENTURE:HEL)(OTCBB:HLLXF) - Frank Underhill,
President, announces the Company has dropped the lease on its Margarita property
in Arizona.


Due to the present situation in the public mineral exploration and development
markets, Hellix is making every effort to lower its cash outlays for the near
term. The Company attempted to re-negotiate the property lease payments with the
property owner, but were unsuccessful. We have also been disappointed with the
progress on our Margarita permit application for our phase two drill program.
This was initially submitted close to one year ago. As at this date, it has not
been reviewed by the personnel currently involved with the government agency
responsible.


Hellix will continue in its pursuit of precious metals properties of merit.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Hellix Ventures Inc.
[phone] or Toll Free: 1-877-430-3113
[phone] (FAX)
[e-mail]
www.hellixventures.com