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Helio Resource Corp

Tuesday, October 30th, 2007

Helio Resource Corp is pleased to announce that reconnaissance reverse circulation (RC) drilling at the Company’s past-producing SMP Gold Project in Tanzania has discovered two parallel zones of bedrock gold mineralization on the Mbenge target, located only 350m east of the Kenge target.
Drill results from Mbenge indicate the potential for mineralization over a combined strike length of at least 1,000m. Mineralization is open along strike to the NW and SE. IP geophysical surveys and geological mapping indicates that the mineralization is associated with 2km-long Kenge-parallel structures.
Three north-south fences of RC holes were drilled across the ESE-trending Mbenge Shear Zone. All three drill fences intersected multiple zones of gold mineralization, the most notable being 24m grading 1.14g/t gold from 24m depth in hole SZR52, located on the western fence (Mbenge Far W).
The Company is very encouraged by these results, which are comparable to the initial reconnaissance drill results received from the Kenge target (see Company news release dated September 6, 2006 and subsequent releases dated May 23, 2007, September 17, 2007, and October 15, 2007). The results also confirm the Company’s theory that a number of well-mineralized Kenge-parallel structures exist within the SMP project area. Similar Kenge-parallel structures have recently been drilled tested at the Gap and Panya targets, respectively 14km and 19km ENE of Kenge (assays pending).
In addition to the mineralization on the Mbenge Far W fence, two separate mineralized zones were discovered on each of the central (Mbenge W) and eastern (Mbenge E) fences, located 125m and 575m east of Mbenge Far W respectively.
Mbenge W
– northern zone in SZR61 with interceptions of 2m grading 2.82g/t Au from 20m, 6m grading 0.65g/t Au from 32m, 4m grading 0.56g/t Au from 48m and 2m grading 3.23m from 90m, and:
– southern zone intercept of 6m grading 1.08g/t gold from 26m depth in hole SZR67.
Mbenge E
– northern zone – 4m grading 0.71g/t Au from 8m and 4m grading 0.41g/t Au from 34m in hole SZR73, and:
– southern zone – 4m grading 0.38g/t Au from 10m and 20m grading 0.23g/t Au from 40m in hole SZR71.
These are the second set of results from a reconnaissance RC drill programme that has tested ten different targets along a 25km strike length of the Saza Shear Zone.
For further information visit: www.helioresource.com

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