March 13, 2007

HELLIX DEALS ON MEXICAN PROJECTS NEAR GOLDCORP'S LUISMIN / FINANCING ANNOUNCED

HELLIX VENTURES INC. The Company is pleased to announce the signing of a Letter of Intent on three separate concession groups in San Dimas District, Durango State, Mexico.

This arms-length transaction with a Mexican National encompasses approximately 800 hectares in the vicinity of Goldcorp's Luismin project. Luismin, in 2005, produced a total of 145,300 ounces of gold, and 6,797,300 ounces of silver from 814,200 tonnes of ore.

The Letter of Intent outlines a work program, plus cash payments and other considerations. The Company expects to conclude due diligence shortly and have the final agreement signed within 60 days.

A Finder's fee may be payable in connection with this transaction by the Company, depending upon legal advisement.

The main concession was exploited initially by the Spaniards in the 1700's. It was worked intermittently until recently when the present owner set up a small scale mining operation. Values up to 10.45 g/t gold and 9,613 g/t silver have been recorded in several recent professional engineering reports. The Company intends to utilize these reports in their evaluation of the properties, and have the values corroborated by a 43-101 report by an Independent Qualified Person.

HELLIX would also like to announce the arrangement of a non-brokered private placement of up to $600,000, consisting of 1,714,285 units at a price of $0.35 per unit. Each unit will consist of one (1) common share and one (1) non-transferable common share purchase warrant exercisable at $0.40 for a period of 12 months after closing. Two (2) warrants shall be required for each one (1) common share at the exercise price. This issuance will comply with the hold periods and legending requirements as required by TSX Venture Exchange Policies.

The Company has reserved, under our Stock Option Plan, a total of 1,902,509 incentive stock options @ $0.40 for a period of five (5) years from date of grant to directors, employees, consultants and others as approved by TSX Venture Exchange Policies.

HELLIX VENTURES (HEL:TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in Mexico. Hellix has no debt (other than short term trade payables), and 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 body approvals.

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