HELIOS ENERGY LTD — Capital/Financing Update 2011

Jun 8, 2011

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Level 1, 33 Ord Street West Perth, Western Australia 6005 Australia

Telephone: + 61 8 9420 9300 Facsimile: + 61 8 9481 2690

8 June 2011

Company Announcements Office ASX Limited

COMPLETION OF ENTITLEMENT ISSUE AND CONFIRMATION OF DESPATCH

The Directors of New Horizon Minerals Ltd advise that the non‐renounceable Entitlement Issue Prospectus has closed and despatch has occurred.

A total of 20,500,000 options have been issued. The take‐up of the option issue from existing shareholders was 80.7% and the shortfall has been placed. A Top 20 and spread of option holders is attached.

Yours sincerely

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Gary Steinepreis Director

*** T O P 2 0 H O L D E R S ***
NEW HORIZON MINERALS LIMITED/	OPT/LST OPTS EXP 31/12/14 @ $0.20
NAME AND ADDRESS	UNITS % I/C RANK
ASCENT CAPITAL HOLDINGS	2,375,000 11.59 1
PTY LTD
MR TIMOTHY JAMES FLAVEL	1,585,000 7.73 2
<THE FLAVEL INVESTMENT A/C>
MR JASON PETERSON &	1,050,000 5.12 3
MS LISA PETERSON
<J & L PETERSONS S/F A/C>
MITCHELL GRASS HOLDINGS	700,000 3.41 4
PTY LTD
<WOOD FAMILY A/C>
MR JASON PETERSON &	600,000 2.93 5
MRS LISA PETERSON
<J & L PETERSON S/F A/C>
PROFESSIONAL PAYMENT SERVICES	553,500 2.70 6
PTY LTD
CELTIC CAPITAL PTY LTD	545,000 2.66 7
<THE CELTIC CAPITAL A/C>
LEISUREWEST CONSULTING PTY LTD	500,000 2.44 8
<LEISUREWEST A/C>
ONGAVA PTY LTD	499,500 2.44 9
MR PAUL ROBERT HEARNE	425,000 2.07 10
<THE PRH A/C>
J P MORGAN NOMINEES AUSTRALIA	400,000 1.95 11
LIMITED
MS BOLORMAA MUNKHBAYAR	353,500 1.72 12
MITCHELL GRASS HOLDINGS PTY	325,276 1.59 13
LTD
<WOOD FAMILY A/C>
OAKHURST ENTERPRISES PTY LTD	320,000 1.56 14
MR JAMES PETER ALLCHURCH	300,000 1.46 15
<MANSTEIN HOLDINGS A/C>
BANNABY INVESTMENTS PTY	300,000 1.46 16
LIMITED
<BANNABY SUPER FUND A/C>
BRAVE WARRIOR HOLDINGS LTD	300,000 1.46 17
WEST COAST BREATH PTY LTD	300,000 1.46 18
JOKE PTY LTD	276,751 1.35 19
HELMET NOMINEES PTY LTD	276,750 1.35 20
*** REPORT TOTAL ***	11,985,277 58.46
*** REMAINDER ***	8,514,723 41.54
	-----------------------
*** GRAND TOTAL ***	20,500,000 100.00
	=======================

Distribution of option holders

Analysis of numbers of listed option holders by size of holding:

			Number ofShareholders
1	-	1,000	1
1,001	-	5,000	2
5,001	-	10,000	95
10,001	-	100,000	109
100,001	and over		30
			237