Hellix Ventures Inc.: Margarita-New Work Program/Additional Claims Staked

HELLIX VENTURES INC. (TSX VENTURE:HEL)(PINK SHEETS:HLLXF) - Frank Underhill,
President, announces the start of a new work program and completion of
additional claim staking at our Margarita property in southern Arizona. Hellix
has an option to acquire up to 95% of 41 unpatented lode claims which includes
the historic Margarita Gold Mine. 


The work program will consist of three components. 

1. Geological mapping of outcrops to be initiated in an area of approximately
2000 feet N-S by 800 feet E-W (610 meters N-S by 244 meters E-W) covering the
four main Margarita Zones and extending north to the Blue Wing Zone. This
information will provide a basis for interpreting historic drill data, which to
date has not included any geology. It will also provide a better foundation for
our own ongoing exploration and development efforts including choosing locations
for future drill holes.


2. The corroboration of rock sample locations and results reported by the United
States Bureau of Mines (USBM) in a 1994 open publication on Margarita historic
mine areas and prospects within our present claim group. The focus will be on
the four main Margarita target areas, but other areas of interest in our claim
block will also be located and sampled. 


3. The follow-up of anomalous gold values on our claim block from the previous
silt sample program (outlined in the Hellix news release dated October 3, 2010)
in which eight out of twenty-three silt samples taken returned gold values of
100 - 710 ppb gold. We will attempt to locate the bedrock source of those
elevated values by chip sampling of outcrops. The area covered will include at
least six zones inside the approximately 3.6 square mile (9.3 square kilometer)
claim block currently held by Hellix. 


Hellix has now completed the staking of 77 additional claims surrounding our 41
optioned "Oro" claims. The "M" claims were staked to expand upon potential
target areas with the possibility they hold the bedrock source of some of the
higher values from the silt sampling program. There are other strategic purposes
which include the acquisition of large flat lying areas not easily located on
the original claim block.


We have professionally surveyed the claims including the four main Margarita
target areas. We are now certain there are no fractions within our claim group.
There can be no dispute in future as to the validity of the location of the
claim block. The survey also included the plotting of old drill holes located
and not reclaimed, and old workings that were not on any historical maps.


Hellix will utilize the data from the aforementioned work components to assist
with its planned drill permit application to the Forest Service in the near
future.


Results of these program components and other updates will be announced on an
ongoing basis. Work will continue throughout the winter on the Margarita
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.