HELIX RESOURCES LIMITED — Director's Dealing 2007

Apr 11, 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	John den Dryver
Date of last notice	$25th$ October 2004

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Den Dryver Superannuation Fund of which John den Dryver is trustee and beneficiary
Date of change	11 April 2007
No. of securities held prior to change
Class
Number acquired	400,000 Incentive Options exercisable at 26 cents by 30 November 2008 as approved by shareholders 10 April 07
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	nil
No. of securities held after change	400,000 Incentive Options exercisable at 26 cents by 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	Issue shareholders	of incentive	options	approved	bv.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------	-----------------------	--------------	---------	----------	-----

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

$+$ See chapter 19 for defined terms.