HELIX RESOURCES LIMITED — Director's Dealing 2007

May 3, 2007

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Helix Resources Limited
ABN	27 009 138 738

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Greg J Wheeler
Date of last notice	12 April 2007

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Gee Vee Pty Ltd in which Mr G J Wheeler is a
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Director and Shareholder.
Date of change	2 May 2007
No. of securities held prior to change	2,703,001 Ordinary Shares 2,000,000 Incentive Options exercisable at 26 cents before 30 November 2008
Class	As above
Number acquired	126,500 Ordinary shares on market
Number disposed	w
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$22,197.40
No. of securities held after change	2,829,501 - Ordinary Shares 2,000,000 - Incentive Options exercisable at 26 cents before 30 November 2008

⁺ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back-	On-market trade during Corporate Governance "trading window" for Directors
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Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

$\overline{\text{+ See chapter 19}}$ for defined terms.