Hellix Ventures Inc.

Hellix Ventures Inc.

February 22, 2012 15:00 ET

Hellix Completes Margarita Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2012) - HELLIX VENTURES INC. (TSX VENTURE:HEL)(OTCBB:HLLXF) - Frank Underhill, President, announces that Hellix has completed its Margarita drill program in southern Arizona previously announced in the Company news release dated January 18, 2012.

A total of 12 diamond drill holes were successfully drilled as outlined in our Plan of Operations with the Arizona regulatory bodies.

All samples have been sent to Skyline Labs in Tucson, Arizona. Hellix has been informed that analysis could take up to eight weeks due to higher than normal mineral exploration activity in southern Arizona.

Photos and video of the drilling will be available on our website within the next several weeks.

Hellix is also planning its upcoming season on the Athabasca project in British Columbia and is starting on its permit applications.

HELLIX VENTURES (TSX VENTURE:HEL) is engaged in the identification, acquisition, exploration and development of gold and silver properties in North America. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.



Frank Underhill, President

The forgoing is for informational purposes only, and is not to be construed as an offer to buy or sell securities in any jurisdiction. It may contain forward-looking statements. While the data compiled by management is from sources deemed to be reliable, actual future results may vary materially. Hellix Ventures Inc. does not assume the obligation to update any forward-looking statement and will not be responsible for any loss arising from the use of this information. Historically reported results may not be NI 43-101 compliant and therefore caution should be used in relying on such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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