HELIX RESOURCES LIMITED — Capital/Financing Update 2020

May 31, 2020

Market Announcement

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1 June 2020

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Helix Resources Limited (ASX: HLX) – Trading Halt (2+2)

Description

The securities of Helix Resources Limited (‘HLX’) will be placed in trading halt at the request of HLX, pending it releasing an announcement regarding a capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 5 June 2020 or when the announcement is released to the market.

Issued by

Sandra Wutete

Senior Adviser, Listings Compliance (Perth)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

1 June 2020 ASX Limited

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31 May 2020

Mr Daniel Nicholson Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

By Email: tradinghaltsperth@asx.com.au; Daniel.nicholson@asx.com.au

BACK TO BACK TRADING HALT REQUEST

Helix Resources Ltd (the “Company”) hereby requests a back to back trading halt in its securities and provides the following information in accordance with ASX Listing Rule 17.1.

• The request for the back to back trading halt is in relation to a material capital raising to be undertaken by the Company.

• The back to back trading halt is to be in place from the commencement of trading on Monday 1 June 2020 and will last until the earlier of the Company releasing an announcement, or the commencement of trading on Friday, 5 June 2020.

• The Company is not aware of any reason why the back to back trading halt should not be granted.

Please contact me if you require any further information concerning this matter.

Ben Donovan

Company Secretary

This ASX release was authorised for release by the Board of Helix.

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Corporate Office Suite 7 78 Churchill Ave Subiaco WA 6008

T +61 8 9381 2644 F +61 8 9381 3909 E helix@helix.net.au

helix.net.au ABN 27 009 138 738