HELIX RESOURCES LIMITED — Capital/Financing Update 2014

Nov 25, 2014

ASX Announcement

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26 November 2014

Sale of Tunkillia Project

• Helix has agreed to sell its interest in the Tunkillia Project to WPG Resources (ASX:WPG) for;

  • $500,000 Cash and 10M WPG Shares; and

  • Helix will be entitled to receive a further cash payment of $500,000, 10m WPG Shares and a 1% NSR Royalty upon commencement of mine construction.

• The transaction paves the way for WPG to proceed with the development of the Tunkillia Project, with Helix retaining upside to the project via a WPG shareholding and production royalty.

• The Sale will boost Helix’s working capital and ability to advance its core projects in Chile and Australia.

Helix Resources Limited (ASX:HLX) is pleased to announce that it has agreed to sell its 30% stake in the Tunkillia Gold Project and other interests to WPG, the Manager and equity partner of the asset.

A Sale and Purchase Agreement (SPA) has been signed with the following terms agreed:

Stage1:

• WPG will pay HLX $500,000 cash on Completion;

• WPG will issue HLX with 10 million fully paid ordinary WPG shares (these shares are subject to a voluntary escrow period of 6 months);

Stage 2*:

• WPG will pay HLX $500,000 in cash, and issue 10,000,000 WPG shares, upon the commencement of mine construction;

• WPG will pay HLX a 1% NSR royalty for:

  • 30% of attributable gold and silver production from the existing resource; and

  • On 100% of production from any additional resources/reserves of minerals defined within the Tunkillia Project area.

This transaction overcomes development hurdles and consolidates ownership of the Tunkillia Project with WPG. WPG has a record of successful project development in South Australia. Helix will retain exposure to a successful development through its shareholding in WPG and a production royalty.

Funds received from the sale will add to Helix's working capital and allow the company to continue advancing its core projects in Chile and Australia.

* Helix retains certain rights to bring forward the payment and share issue in Stage 2, if there is a change of control of the Tunkillia Project or of WPG.

- ENDS -

For further information:

Mick Wilson Managing Director mick.wilson@helix.net.au Ph: +61 8 9321 2644

Pasquale Rombola Chairman pasquale.rombola@helix.net.au Ph: +61 413 239 630

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Helix Resources Limited A.C.N. 009 138 738 Incorporated in Western Australia Suite 7 / 29 Ord Street, West Perth WA 6005

P: +61 8 9321 2644 F: +61 8 9321 3909 www.helix.net.au

Email: mick.wilson@helix.net.au