Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

March 13, 2008 09:00 ET

Helio Options Eight Namibian Licences to TransAfrican Minerals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2008) - Helio Resource Corp. (the "Company" or "Helio") (TSX VENTURE:HRC) is pleased to announce that it has signed a binding Letter of Intent with TransAfrican Minerals Limited ("TransAfrican") in connection with eight licences in Namibia, whereby TransAfrican has the option of earning up to a 70% interest in the licences by solely funding a bankable feasibility study. The three stage deal is summarised below:



Stage 1 - to earn a 51% interest

------------------------------------------------------------------------
Date for Cash Payments Minimum Exploration and Development
Completion to be Made Expenditures to be Incurred
------------------------------------------------------------------------
Upon Signing C$100,000(1) --
------------------------------------------------------------------------
End of Year 1(2) C$100,000 C$750,000(1)
------------------------------------------------------------------------
End of Year 2(2) C$100,000 C$1,000,000
------------------------------------------------------------------------
End of Year 3(2) C$200,000 C$1,250,000
------------------------------------------------------------------------
End of Year 4(2) C$500,000 C$2,000,000
------------------------------------------------------------------------
TOTAL C$1,000,000 C$5,000,000
------------------------------------------------------------------------

(1) These items, being the cash payment of C$100,000 and the minimum
expenditure requirement of C$750,000 are firm binding commitments on
TransAfrican;

(2) From execution of this LOI by the parties.


Stage 2 - to earn an additional 9% interest (for a total of 60%)

TransAfrican may earn an additional 9% interest in the licences by spending an additional C$5,000,000 on exploration within 24 months of successful completion of Stage 1.

Stage 3 - to earn an additional 10% interest (for a total of 70%)

TransAfrican may earn an additional 10% interest by solely funding a Bankable Feasibility Study within 48 months of successful completion of Stage 2.

THE LICENCES

The licences that fall under this agreement are Tevrede North, Tevrede West, Tevrede South, Honib, Oasis, Huab, Borwa, and Fransfontein. All of these licences are located within the lower Proterozoic-aged Kamanjab Inlier. Work completed by Helio to date has identified compelling drill targets on the following licences:

- Tevrede North (copper-zinc-silver-gold)

- Tevrede South (copper-gold)

- Honib (zinc-lead)

- Oasis (lead-zinc-copper-silver)

More detailed project summaries are available on the Company's website at www.helioresource.com.

ABOUT TRANSAFRICAN MINERALS LIMITED

TransAfrican Minerals Limited is an emerging, privately-funded global mining company, led by a strong management team made up of former senior investment bankers and mining executives with more than 200 years of combined experience funding, developing and managing global mining projects.

The company is led by Mr. Mohamed Matongo as its Deputy Chairman and President. Mr. Matongo was formerly a senior banker (Sr. Vice President) with Citibank in London, Kuala Lumpur, Abhu Dhabi and Johannesburg. He founded Bayete Resources Pty Ltd. four years ago and was the CEO and deputy Chairman until 2006, when Bayete Resources Pty Ltd sold its interests to Troy International UK Limited. Mr. Matongo also formed Tegeta Exploration and Mining Pty Ltd, a successful coal producer. During the last 5 years he has facilitated the creation of many emerging (BEE) companies in South Africa, and he specialises in deal origination, conceptualisation, mergers and acquisitions.

Through acquisitions and joint ventures, TransAfrican has built up a portfolio of mining and exploration projects (copper, uranium, cobalt, gold and coal) in Zambia, DRC, Mozambique, Madagascar, Mali, Indonesia, Australia, Mongolia and Argentina.

MANAGEMENT COMMENT

Management of Helio is very pleased with this transaction. It addresses one of the major business objectives of the Company, which is to find well funded joint venture partners for all of the Companies projects outside of Tanzania. This approach allows for the advancement of Helio's high quality exploration targets in Namibia, and enables the Company to focus its treasury on the development of the SMP Gold Project in Tanzania

Helio now has 17 Namibian licences under option to well-funded partners.

Helio Resource Corp. is a dynamic, technically-driven mineral exploration company, focused on high-quality project generation in southern Africa. Helio is actively exploring 27 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania. The main focus for the Company is the development of the SMP Gold Project in Tanzania.

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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