December 5, 2006

Hellix Arranges $250,000 Private Placement

HELLIX VENTURES INC. The Company is pleased to announce it has arranged a non-brokered private placement of up to 1.25 million units at a price of $0.20 per unit, for total gross proceeds of up to $250,000 subject to regulatory and all other required approvals. Each unit will consist of one common share and one non-transferable common share purchase warrant exercisable at $0.25 for 12 months after the closing, two (2) warrants shall be required to exercise for each one (1) common share at the exercise price. The issuance will comply with the hold periods and legending requirements as required by section 5.3 of TSX Venture Policy 3.2.

Hellix continues to pursue other drilling opportunities in oil and gas, as well as continuing to advance mineral property identification, evaluation and acquisition.

Hellix Ventures is engaged in the identification, acquisition, exploration and development of gold and silver properties. Hellix has no debt (other than short term trade payables), is financially sound. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory approvals.

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