HELIX RESOURCES LIMITED — Director's Dealing 2008

Dec 15, 2008

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

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	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 (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	16 December 2008
No. of securities held prior to change	400,000Incentive Options exercisable at $0.26 expiring 30 November 2008
Class
Number acquired	1,000,000Incentive Options exercisable at $0.55 cents expiring 31 October 2011
Number disposed	400,000Incentive Options exercisable at $0.26 expired 30 November 2008
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

No. of securities held after change 1,000,000 Incentive Options exercisable at $0.55 cents expiring 31 October 2011 Nature of change Issue of incentive options approved by

Example: on-market trade, off-market trade, exercise of options, issue of shareholders 9 October 2008 securities under dividend reinvestment plan, participation in buy-back

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.

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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
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002