Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

June 02, 2005 19:27 ET

Helio Resource Corp.: Change of Year-End

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 2, 2005) - Helio Resource Corp. (TSX VENTURE:HRC) (the "Company"), announces the Company's change to the ending date of its financial year in accordance with the requirements of National Instrument 51-102. The Company recently completed a reverse takeover with an active foreign subsidiary with a March 31 year-end date. To simplify the accounting for the two companies, the Company has made application to change its year-end date to March 31, commencing with the year ended March 31, 2005.

With respect thereto:

(a) the Company has sought and obtained the approval of Canada Revenue Agency and the directors of the Company have approved the proposed change;

(b) the Company's old financial year end was June 30th, up to and including June 30, 2004;

(c) the Company's new financial year end will be March 31st, commencing with March 31, 2005;

(d) during the transition year, the Company's interim financial statements will be prepared for the periods ending September 30, 2004, December 31, 2004, and March 31, 2005;

(e) the filing deadline for the Company's annual audited financial statements for its new financial year ended March 31, 2005 is July 29, 2005.

ON BEHALF OF THE BOARD OF DIRECTORS,

Richard D. Williams, P.Geo, President

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

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