HELIX RESOURCES LIMITED — Director's Dealing 2008

Jan 28, 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	Michael H Wilson
Date of last notice	1stNovember 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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	G H Wilson and M H Wilson
Date of change	25 January 2008

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

												$0.26xpiringxpiringxpiringing 30ing 30
c	No.ha	of securitnge	ies	held prior	to	11,e7272721,Ju11,Ju	5,000 Ordina325,000 Inxpiring 30 N0,000 Incent9 March 2000,000 Incent9 March 2000,000 Incent9 March 200875 Bonusne 20093,133 Ordina642 Bonusne 2009 (G	ry Sharescentive Opovember 200ive Options9ive Options9ive Options9Options exery Shares (GOptions exeH & MH Wil	tions8exerexerexerrcisaH &rcisason)	exercisablcisable at $0cisable at $0cisable at $0ble at $0.30MH Wilson)ble at $0.30	e at.42 e.46 e.50 eexpir expir	$0.26xpiringxpiringxpiringing 30ing 30
	Cla	ss				A	s above
	Nu	mber acquire	d			6	5,000 Ordina	ry Shares
	Nu	mber dispose	d			ni	l
Ne	Valotestim	ue/Considera: If consideration isated valuation	tionnon-ca	sh, provide details	and	$	19,900

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after	80,000 Ordinary Shares
change
	1,325,000 Incentive Options exercisable at $0.26
	expiring 30 November 2008
	70,000 Incentive Options exercisable at $0.42 expiring
	29 March 2009
	70,000 Incentive Options exercisable at $0.46 expiring
	29 March 2009
	70,000 Incentive Options exercisable at $0.50 expiring
	29 March 2009
	1,875 Bonus Options exercisable at $0.30 expiring 30
	June 2009
	13,133 Ordinary Shares (GH & MH Wilson)
	1,642 Bonus Options exercisable at $0.30 expiring 30
	June 2009 (GH & MH Wilson)
Nature of change	On-market trade during Corporate Governance “trading
Example: on-market trade, off-	window” for Directors
market trade, exercise of options,
issue of 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.

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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.

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