Hellix Sampling Uncovers New Margarita Gold Zone

HELLIX VENTURES INC. (TSX VENTURE:HEL)(PINK SHEETS:HLLXF) - Frank Underhill,
President, announces assay results on our Phase I Margarita rock sampling
program.


Sample locations were based on our 2010 stream silt sampling program and
historical data on the four known gold mineralized zones. Additional samples
were taken of geophysical anomalies reported to Hellix by the property owner,
and an attempt to confirm our geologist's assessment of the rocks favorable to
gold mineralization as per our news release dated January 10, 2011. 


Fifty rock samples were collected in areas previously identified by the stream
silt sampling and historical data on the four known mineralized zones. Anomalous
to highly anomalous gold values (13 ppb to 2700 ppb) were obtained in
thirty-eight samples, while seventeen samples were anomalous in silver (.6 ppm
to 14.3 ppm). Results are as follows with gold assays in ppb (1000ppb = 1 g/mt)
and silver in ppm (1ppm = 1 g/mt):




---------------------------------------------
                                             
SAMPLE NUMBER          AU (PPB)       AG (PPM)
---------------------------------------------
349858                      43               
---------------------------------------------
349877                      87             .8
---------------------------------------------
349878                      42             .4
---------------------------------------------
349883                       5             .4
---------------------------------------------
349884             less than 5               
---------------------------------------------
349885             less than 5             .8
---------------------------------------------
349886                      33               
---------------------------------------------
349887                      13            7.3
---------------------------------------------
349888                     205             .6
---------------------------------------------
349889             less than 5             .2
---------------------------------------------
349891                      19             .6
---------------------------------------------
349892             less than 5               
---------------------------------------------
349895                     130            1.5
---------------------------------------------
349896                    1320             .4
---------------------------------------------
349897                     703             .7
---------------------------------------------
349898                      39            1.4
---------------------------------------------
984001                      84            2.2
---------------------------------------------
984003                      19            1.4
---------------------------------------------
984004                      34               
---------------------------------------------
984006                     618             .9
---------------------------------------------
984008                     701             .2
---------------------------------------------
984012                     139             .2
---------------------------------------------
984013                     485             .2
---------------------------------------------
984014                      25             .6
---------------------------------------------
984015                      14               
---------------------------------------------
984016                      58               
---------------------------------------------
984017                      57               
---------------------------------------------
984018             less than 5               
---------------------------------------------
984019             less than 5               
---------------------------------------------
984020                       9               
---------------------------------------------
984023                    1066             .8
---------------------------------------------
984024                     152               
---------------------------------------------
984025                      12               
---------------------------------------------
984027                      34             .2
---------------------------------------------
984028                      18               
---------------------------------------------
984032                      94               
---------------------------------------------
984033                     316               
---------------------------------------------
984034                    2601            1.3
---------------------------------------------
984035                     669            4.2
---------------------------------------------
984036                      87               
---------------------------------------------
984037                      39               
---------------------------------------------
984038                    2406           14.3
---------------------------------------------
984039                      21             .3
---------------------------------------------
984040             less than 5               
---------------------------------------------
984041             less than 5               
---------------------------------------------
984042                      76               
---------------------------------------------
984045                       7               
---------------------------------------------
984046                      27             .2
---------------------------------------------
984048                     162               
---------------------------------------------
984049                    2700             .9
---------------------------------------------



Note that these are grab samples and 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 for assay. Assays on
34 Trace Elements including silver were performed by Aqua Regia leach analyzed
by ICP. Gold was fire assayed.


Anomalous to highly anomalous gold values were found in an area about 300 - 400
meters (980 - 1300 feet) west and north of Margarita Tank. This new zone (now
called West Hill) was selected following strongly anomalous gold-in-silt values
(710 ppb, 350 ppb, 306 ppb) found in our 2010 silt sampling program. Rock sample
numbers 349896 (1320 ppb), 349897 (703 ppb), 984013 (485 ppb) and 984023 (1066
ppb) were composite grab samples of strongly iron-stained quartz silicified
intrusive of similar character and appearance to that of the known gold zones.
Several old prospect pits and cuts were noted in this area along with the
residual cuttings from three drill holes, the existence of which were not known
prior to this sampling program.


Generally, the highest values for gold came from samples collected on or near
the known mineralized zones. The highest value for gold (2700 ppb - sample
984049) was obtained from an old prospect pit of the Cascabel zone. An east-west
trending traverse across the south known zone resulted in four consecutive
samples with highly anomalous gold values, namely samples 984035 (669 ppb),
985034 (2601 ppb), 984033 (316 ppb) and 984038 (2406 ppb). These four samples
were collected over a distance of about 135 meters (440 feet). Sampling on an
east-west trending traverse over the central mineralized zone returned two
consecutive samples with highly anomalous gold (samples 984006 - 618 ppb, and
984008 - 701 ppb).


Four bedrock samples in the vicinity of the Blue Wing Mine were also collected
along a northerly trend of geophysical anomalies found on hand-drawn plots
supplied by the Margarita property owner. These did not return any samples with
detectable gold. In general, there does not appear to by any direct correlation
between surface alteration and gold mineralization to the geophysical anomalies
below.


Seventeen samples of the feldspar porphyry country rock were also taken to
confirm geologist J. Duncan's preliminary assessment of which local rocks hosted
the gold mineralization outlined in the Hellix news release dated January 10,
2011. Mr. Duncan theorized that the gold would be found in the silica rich
intrusive rock. Samples of the porphyry ranged from less than 5 ppb to 177 ppb.
The highest gold values in the porphyry came from samples that were at or very
near the contact of the known mineralized zones. The feldspar porphyry does not
appear to contain any gold of economic value and seems to have confirmed Mr.
Duncan's assessment. All future exploration will focus on the abundant siliceous
intrusive rock.


Hellix is very encouraged by the values obtained in the new zone known as the
West Hill. The bedrock in the area appears to be of the same character as the
four known mineralized zones and has been shown to contain highly anomalous
gold. A more detailed rock sampling program combined with geologic mapping of
this area has been recommended. This first round of rock sampling has
demonstrated the effectiveness of follow-up rock sampling of drainages with
strong gold-in-silts.


Field work is continuing throughout the winter months.

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.