HELIOS ENERGY LTD — Capital/Financing Update 2017

Jul 18, 2017

Helios Energy Ltd

Date: 18 July 2017

Shareholder Update

ASX Code: HE8

Helios Energy Ltd (ASX:HE8) (formerly New Horizon Coal Limited)( Helios or Company ) is pleased to provide this update on the Company’s $18,880,000 capital raising ( Capital Raising ) and the timing of the reinstatement of the Company’s securities to the Official List of the Australian Securities Exchange ( ASX ).

To date, the Capital Raising has raised a total of $17,442,858 and the Company has been working to satisfy the ASX conditions for reinstatement but this process has not yet been completed.

Directors

Tony Brennan Non-Executive Chairman Carl Coward Non-Executive Director Gary Steinepreis Non-Executive Director and Company Secretary

Contact Details

Today, the Federal Court issued orders to extend the end date of the period for admission to quotation by ASX until Friday, 11 August 2017 ( Order ). A copy of the Order is attached.

We look forward to the Company completing this process and being reinstated to quotation on ASX and thank you for your continued support.

Australian Office Level 1, 33 Ord Street West Perth WA 6005 Australia Tel +61 8 9420 9300 Fax +61 8 9420 9399

Helios Energy Ltd ABN 61 143 932 110

For further information, please contact:

Gary Steinepreis Non-Executive Director and Company Secretary

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Federal Court of Australia District Registry: Western Australia Division: General

No: WAD278/2017

HELIOS ENERGY LTD ACN 143 932 110 Plaintiff

ORDER

JUDGE: JUSTICE GILMOUR DATE OF ORDER: 18 July 2017 WHERE MADE: Perth

THE COURT ORDERS THAT:

1. As to the Orders made by the Court on 28 June 2017:

2. a. the time set out in Order 1 be extended to 11 August 2017; and

3. b. the time set out in Order 2 be extended to 11 August 2017.

4. The Plaintiff forthwith:

5. a. lodge a copy of these orders with the Australian Securities and Investments Commission (ASIC); and

6. b. make an announcement to the Australian Securities Exchange disclosing the terms of these orders.

7. The Plaintiff and all other interested parties, including the ASIC, have liberty to apply to revoke or vary these orders upon first giving 72 hours’ prior written notice.

Date that entry is stamped: 18 July 2017

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Prepared in the Western Australia District Registry, Federal Court of Australia Peter Durack Commonwealth Law Courts Building, Level 6, 1 Victoria Avenue, Telephone 08 9268 7100