HELIOS ENERGY LTD — Capital/Financing Update 2011

May 16, 2011

==> picture [259 x 118] intentionally omitted <==

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

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

16 May 2011

ASX code: NHO

Company Announcements Office ASX Limited

The Directors of New Horizon Minerals Ltd advise that the non‐renounceable Entitlement Issue Prospectus for an offer of one new option for every share held was despatched to shareholders on 16 May 2011.

Yours sincerely

==> picture [170 x 107] intentionally omitted <==

Gary Steinepreis Director