Helio Resource Corp.
TSX VENTURE : HRC

Helio Resource Corp.

April 17, 2007 09:00 ET

Helio Resource Corp.: Yale Withdraws From Option Agreements in Namibia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - Helio Resource Corp. ("Helio" or the "Company") (TSX VENTURE:HRC) reports that Yale Resources Ltd has withdrawn from the option agreements on the Leicester and Makuru projects in Namibia.

Helio Resource Corp., based in Windhoek, Namibia, is one of Southern Africa's leading exploration companies, specializing in project generation. Helio is actively exploring 18 prospective gold, base-metal and diamond properties in Namibia, Botswana, Mozambique and Tanzania, and is focusing on progressing the SMP project in Tanzania. As part of its strategic approach to project development, Helio has worked in partnership with firms such as Teck Cominco, Boulder Mining, 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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