HELIX RESOURCES LIMITED — Capital/Financing Update 2006

Apr 9, 2006

A.C.N. 009 138 738 Incorporated in Western Australia

10 April 2006

The Manager Company Announcements Office Australian Stock Exchange Limited

BY ELECTRONIC LODGEMENT

Dear Sir

PLATINA RESOURCES LTD - PRIORITY OFFER TO HELIX SHAREHOLDERS

Please find attached a letter to Helix Optionholders in respect of the Priority Offer to Helix Shareholders for Platina Resources Limited.

Yours sincerely

Riccardo Vittino Chief Executive Officer

10 April 2006

Dear Option-holder

PLATINA RESOURCES LTD - PRIORITY OFFER TO HELIX SHAREHOLDERS

As you should be aware from recent market announcements, Helix Resources Ltd ("Helix") proposes to spin-off its Platinum Group Metals assets into a new IPO to be named Platina Resources Ltd ("Platina"). Platina has lodged a prospectus dated 6^th April 2006 with the Australian Securities and Investments Commission and now provides the following information to assist you. Please contact your professional adviser if you are unsure how to deal with this information.

Under the priority entitlement Platina is inviting Helix shareholders to become shareholders of Platina, and have set aside up to 21,500,000 Shares for Helix shareholders. Helix shareholders, who hold shares in Helix on the Record Date of 19 April 2006, may apply for as many shares as they wish under the Priority Offer, but must apply for a minimum of 10,000 Shares. To the extent that Helix shareholders apply for more than 10,000 Shares, and there remains a balance of Shares out of the priority pool, the Board will endeavour to allocate Shares in proportion to those Helix Shareholders' (who hold marketable parcels) who apply for Shares in proportion to their holdings of shares in Helix as at the Record Date. The Board of Platina retains absolute discretion when deciding whether or not to accept any particular application in part or in full and will not be liable to any Helix shareholder that is not allocated Shares.

As an option-holder, you will only be eligible to participate in the priority entitlement if you convert your options to ordinary shares or are an existing Helix shareholder on or before the Record Date.

You should note that as at the date of this letter, the market price of the Company's shares on the Australian Stock Exchange is 16 cents, which is more than the exercise price of your options, being 14 cents. The exercise of options is entirely at your discretion.

Should you wish to participate in the Platina Issue via the conversion of your Helix options, please complete the appropriate Option Exercise form and send back to our Share Registry with a cheque within the required timeframe.

Yours sincerely

Riccardo Vittino Chief Executive Officer

P.O. Box 825, West Perth, Western Australia 6872 9 Richardson Street, West Perth, Western Australia 6005 Telephone +61 8 9321 2644, Facsimile +61 8 9321 3909, Email: helix@helix.net.au, Website: helix.net.au