Shanta Terminates Arrangement Agreement

TSX-V Trading Symbol: HRC

VANCOUVER, Aug. 18, 2017 /CNW/ - Helio Resource Corp (TSX-V: HRC), ("Helio" or the "Company") reports that it has received notice from Shanta Gold that Shanta has terminated the arrangement agreement previously announced on June 20, 2017.

Shanta cites changes to the Mining Law introduced by the President of Tanzania on July 10 as the basis for the termination.

The Company will seek legal advice before commenting further.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"

Richard D. Williams, P.Geo

Neither the 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

SOURCE Helio Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/August2017/18/c6515.html

%SEDAR: 00012999E

For further information: For additional information please contact Richard Williams at 604 638 8005

CO: Helio Resource Corp.

CNW 13:24e 18-AUG-17