SMP Gold

completed

Helio is a Vancouver-based mineral exploration company focused on exploring and developing a gold resource at the Saza Makongolosi Gold Project (SMP), Tanzania. The Company is listed on the TSX -V (HRC.V) with a current market capitalization of approximately C$30 million (about 66 million shares outstanding) as of December 9, 2009. Helio’s flagship project is the SMP Gold Project in SW Tanzania which is made up of five contiguous licenses in the Lupa goldfields. Helio controls approx. 35km of the strike length of the Saza Shear Zone. Six colonial-era gold mines were located within the licenses. The project area covers the New Saza Gold Mine, which operated between 1939 - 1956, producing approximately 270,000 ounces of gold at a very good average grade of 7.5g/t Au. The SMP project is in the exploration stage and has produced impressive drill results so far. Since June 2006, the Company has drill-tested over thirteen targets, ten of which are hosted by the Saza Shear Zone. All targets have returned gold mineralization; the most advanced being the Kenge and Porcupine Targets, which has returned best drill results of 21.95m grading 6.92g/t gold, and 53m grading 3.3g/t Au, respectively.