Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

November 14, 2006 12:35 ET

Helio Resource Corp.: 5,000m Phase 2 Diamond Drill Programme Commences at the Saza Gold Project, Tanzania

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Helio Resource Corp. ("Helio" or the "Company") (TSX VENTURE:HRC) is pleased to announce that it has commenced a planned 5,000m Phase 2 diamond drill programme at the Saza gold project, located in the Lupa Goldfields, southwest Tanzania.

The drill programme is designed to confirm continuity and expand mineralization at four targets - Kenge, Snakebite, Konokono and Cheche - all of which returned very encouraging results from the Phase 1 reverse circulation drill programme completed earlier this year (see Company news releases dated September 6, 2006 and November 6, 2006).

The programme will initially focus on the Kenge and Snakebite targets. Kenge is a 2000m long structurally-controlled target that is host to the colonial-era Razorback Mine. The Snakebite target is located at the intersection of the Kenge and Saza Shear Zones, where Phase 1 RC drilling intersected 8m grading 20.77g/t Au.

Chris MacKenzie, M.Sc., C.Geol., Helio's Chief Operating Officer and a Qualified Person as designated by NI 43-101, will supervise the drilling and quality control programs at Saza and has reviewed the technical content of this news release.

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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