Helena Resources Limited
NEX BOARD : HRS.H

December 18, 2006 20:09 ET

Helena Resources Limited: Shares for Debt Settlement Completed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 18, 2006) - Helena Resources Limited (the "Company") (NEX BOARD:HRS.H) wishes to announce that, further to its November 29, 2006 news release, and after having received approval from the TSX Venture Exchange, it has issued 211,538 common shares at a deemed issue price of $0.13 per share in settlement of $27,500 that were due to a company controlled by a Director of the Company. The shares have a hold period ending April 12, 2007.

On behalf of the board of directors

HELENA RESOURCES LIMITED

Barrett Sleeman, President

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

Contact Information

  • Helena Resources Limited
    Mr. Salvador Miranda
    (604) 806-6110
    (604) 806-6112 (FAX)