HELIX RESOURCES LIMITED — Capital/Financing Update 2015

Mar 16, 2015

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ASX Announcement

17 March 2015

Tunkillia Sale Completed

• The sale of the remaining 30% of the Tunkillia Project to WPG Resources has been completed.

• Helix has received $500,000 and 10M Shares in WPG as Stage 1 of the Tunkillia Sale Agreement.

• Additional milestone payments and a royalty are payable during development and production to Helix.

• The sale boosts Helix’s working capital and ability to advance its core projects in Australia and Chile.

Helix Resource Limited (ASX:HLX) is pleased to announce that the Stage 1 payments for its remaining equity in the Tunkillia Gold Project has been received from WPG Resources Limited (ASX:WPG).

Helix has received $500,000 cash and 10 million shares in WPG (escrowed for 6 months). In addition, further payments and a royalty are payable after certain milestones are reached (refer below).

The sale boosts Helix’s working capital and funds from the proceeds will go toward advancing the Company’s copper/gold assets in NSW and Chile.

This transaction places the Tunkillia asset under full control of WPG Resources which has a record of successful project development in South Australia. Helix will retain exposure to the project through its shareholding in WPG Resources and a royalty.

Tunkillia Sale Agreement Terms

Stage1:

• WPG paid HLX $500,000 cash on completion;

• WPG has issued HLX with 10 million ordinary 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 million ordinary fully paid ordinary WPG shares, upon the commencement of mine construction;

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

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

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

* Helix retains certain rights to bring forward the payment and share issue in Stage 2; if WPG introduces a majority equity partner, sells the asset or WPG is subject to a successful take‐over bid prior to mine construction.

‐ ENDS ‐

For further information: Mick Wilson Pasquale Rombola Managing Director Chairman mick.wilson@helix.net.au pasquale.rombola@helix.net.au Ph: +61 8 9321 2644 Ph: +61 413 239 630

Helix Resources Limited A.C.N. 009 138 738 Incorporated in Western Australia 78 Churchill Avenue, Subiaco WA 6008

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

Email: mick.wilson@helix.net.au