HELIX RESOURCES LIMITED — Capital/Financing Update 2019

Nov 28, 2019

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----- Start of picture text ----- ASX ANNOUNCEMENT29 November 2019----- End of picture text -----

NOTICE UNDER SECTION 708A(5)(E) CORPORATIONS ACT

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As announced on 29 November 2019, the Company issued a total of 62,500,000 fully paid ordinary shares to numerous sophisticated investors.

Accordingly the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act ;

1. as at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M Corporations Act as they apply to the Company; and

   • (b) section 674 Corporations Act ; and

2. as at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the Corporations Act ) which is required to be disclosed by the Company.

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For further information:

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

Helix Resources Limited I ACN 009 138 738 I 78 Churchill Ave, Subiaco WA 6008 P: +61 8 9321 2644 F: +61 8 9321 3909 I www.helix.net.au I Email: mick.wilson@helix.net.au