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HELIX RESOURCES LIMITED Capital/Financing Update 2004

Jan 7, 2004

65059_rns_2004-01-07_5a04a8d6-38aa-4bf1-ae11-2ce3c250d0bd.pdf

Capital/Financing Update

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7/01/2004

The Manager Company Announcements Office Australian Stock Exchange

BY ELECTRONIC LODGEMENT

Dear Sir

CHANGES TO UNLISTED OPTIONS

Please be advised of the following additions to unlisted staff options, code: HLXAI. The new Options were issued to employees of Helix Resources on 31 December 2003.

ADDITIONS:

.
No. Of Options Expiry Date Exercise Price
129,000 29/03/2009 \$0.42 Issued under Helix Resources' Employee Options Plan
129.000 29/03/2009 \$0.46 Issued under Helix Resources' Employee Options Plan
129.000 29/03/2009 \$0.50 Issued under Helix Resources' Employee Options Plan
387.000 Total

CLOSING BALANCE:

No. Of Options Expiry Date Exercise Price
1.321.000 29/03/2009 \$0.42
1,320,999 29/03/2009 \$0.46
1,320,000 29/03/2009 \$0.50
3,962,999 Total

Yours sincerely

Riccardo E Vittino Company Secretary

P.O. Box 825, West Perth, Western Australia 6872 Level 3, 24 Kings Park Road, West Perth, Western Australia 6005 Telephone +61 8 9321 2644, Facsimile +61 8 9321 3909, Email: [email protected], Website: helix.net.au