Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

August 01, 2008 18:38 ET

Helio Resource Corp.: Namibia Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2008) - Helio Resource Corp. (TSX VENTURE:HRC) ("Helio" or the "Company") announces that its agreement with TransAfrican Minerals Limited (see news release dated March 13, 2008) has been terminated. The Company will continue to seek partners for its projects in Namibia.

Helio will continue to focus on developing the SMP Gold Project in Tanzania, where three diamond drill rigs are currently drilling at the Kenge and Porcupine Targets (see recent news release dated July 2 and July 21, 2008).

ON BEHALF OF THE BOARD OF DIRECTORS

Richard D. Williams, P.Geo, CEO

Christopher J. MacKenzie, C.Geol., COO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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