Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

November 06, 2006 09:00 ET

Helio Reports Drill Result Checks from the Saza Gold Project, Tanzania

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2006) - Helio Resource Corp. ("Helio" or the "Company") (TSX VENTURE:HRC) announces the results of check assays undertaken on selected mineralized intercepts from the first-pass RC drilling programme at the Saza gold project, SW Tanzania (see Company press release dated September 6, 2006).

A total of nine complete mineralized intersections previously reported were re-assayed. All the samples were reanalyzed using the screen fire assay technique at a different laboratory. Analytical results of intersections from the Cheche and Kenge targets are broadly similar to the original result, but a substantial increase in grade is noted in the Konokono and Snakebite targets as follows:

SNAKEBITE

- 8m grading 20.77g/t Au in hole 15 (original assay of 12.65g/t Au)

KONOKONO

- 18m grading 2.44g/t Au in hole 25 (original assay 2.21g/t Au)

Re-assayed intersections are tabulated below:



---------------------------------------------------------------------------
Screen
Fire
Original Assay
From To Length Grade Grade
Hole (m) (m) (m) (g/t Au) (g/t Au) Target Comment
---------------------------------------------------------------------------
5 48 54 6 0.92 1.15 Cheche
---------------------------------------------------------------------------

---------------------------------------------------------------------------
10 116 132 16 1.63 1.48 Kenge
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11 50 68 18 1.62 1.57 Kenge
---------------------------------------------------------------------------

---------------------------------------------------------------------------
15 92 100 8 12.65 20.77 Snakebite
---------------------------------------------------------------------------

---------------------------------------------------------------------------
16 16 22 6 3.44 3.30 Snakebite E
---------------------------------------------------------------------------
And 92 96 4 1.63 1.63 Snakebite E
---------------------------------------------------------------------------

---------------------------------------------------------------------------
18 46 78 32 0.40 0.41 Snakebite W Cut-off
less than
0.5g/t Au
---------------------------------------------------------------------------

---------------------------------------------------------------------------
25 18 36 18 2.21 2.44 Konokono W
---------------------------------------------------------------------------
Incl 18 24 6 5.94 6.25 Konokono W
---------------------------------------------------------------------------
And 74 76 2 11.40 7.74 Konokono W
---------------------------------------------------------------------------
NB - the intersections employ a logical 0.5g/t Au cut-off, unless stated
otherwise


The Company intends to commence a second phase drill programme of diamond drilling in the next few weeks.

The screen fire assay technique is designed to give a more representative result when the presence of coarse gold is suspected. The presence of coarse gold gives rise to the so called "nugget effect".

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervised the sampling and quality assurance/quality control programmes at Saza, and has reviewed the contents of this news release. All RC chip samples were riffle-split and composited in 2m intervals. QA/QC included use of blanks, standards and rig-duplicates. Original samples were assayed as 50g fire assays at the SGS Laboratory in Mwanza, Tanzania. Re-assaying using the screen fire assay method was undertaken at the Humac Laboratories facility in Mwanza, Tanzania. A 600g sample was prepared from the original laboratory reject sample and was screened and the undersize and oversize fractions analysed. A weighted average gold assay was obtained. As well as Helio QA/QC samples, Humac applied their own internal QA/QC programme, consisting of insertion of blank, standard, and duplicate samples.

Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies and specializes in project generation. Helio is actively exploring 16 prospective gold, copper and diamond properties in Namibia, Botswana, Mozambique and Tanzania. As part of its strategic approach to project development, Helio has forged partnerships with firms such as Teck Cominco, Indicator Minerals, and Yale Resources to advance a number of its projects.

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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