Laws of Such Jurisdictions. Helio Announces Effective Date of Share Consolidation February 6, 2018

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HELIO ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

FEBRUARY 6, 2018

Helio Resource Corp (“Helio” or the “Company”; TSX-V: HRC) is pleased to announce that the

TSX Venture Exchange has approved a consolidati on of the Company’s common shares (the

“Shares”) on the basis of one new Share for every 25 Shares currently issued and outstanding

(the “Consolidation”). The Consolidation was approved by the Company’s shareholders at the

annual general and special meeting held on October 26, 2017.

The Shares will commence trading on the TSX Venture Exchange on a consolidated basis at

the open of markets on Thursday, February 8, 2018. On a post-Consolidation basis, the

Company will have approximately 10,449,318 S hares. The Company’s name and trading

symbol will remain the same.

The Company will not issue any fractional Shares as a result of the Consolidation. Instead,

each fractional post-Consolidation Share remaining after conversion that is less than one-half of

a post-Consolidation Share will be cancelled and each fractional post-Consolidation Share that

is at least one-half of a post-Consolidation Share will be changed to one whole post-

Consolidation Share.

The Company’s options and warrants will also be adjusted on the same basis (25 for 1) as the

Shares, with proportionate adjustments being made to exercise prices.

A full description of the Consolidation is contained in the Company’s management information

circular dated September 25, 2017, which has been filed under the Company’s profile on Sedar

at: www.sedar.com on October 3, 2017.

Enquiries:

Helio Resource Corp

Richard Williams (CEO) +1 604 638 8005

Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts resp onsibility for the adequacy or accuracy of this

release.

Statements Regarding Forward-Looking Information

Certain statements contained in this news release may co ntain forward-looking information within the meaning of

Canadian securities laws. Such forward-looking information is identified by words such as “anticipated”, "estimates",

"intends", "expected", "believes", "may", "will" and inclu de, without limitation, statem ents regarding the company's

plan of business operations (including plans for progre ssing assets), estimates regarding mineral resources,

projections regarding mineralization and projected expend itures. There can be no assur ance that such statements

will prove to be accurate; actual results and future events could differ materially from su ch statements. Factors that

could cause actual results to differ ma terially include, among others, meta l prices, risks inherent in the mining

industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title

disputes, regulatory risks and environment al concerns. Most of thes e factors are outside the control of the company.

Investors are cautioned not to put undue reliance on forwar d-looking information. Except as otherwise required by

applicable securities statutes or regul ation, the company expressly disclaim s any intent or obligation to update

publicly forward-looking information, whether as a result of new information, future events or otherwise.