Helix Resources Limited (ASX: HLX) is delighted to provide the following exploration update which includes further high-grade copper assays from its emerging Canbelego Copper Joint Venture project (Helix 70% and Aeris Resources Ltd ASX.AIS 30%), located within the highly prospective Cobar copper basin in central NSW.

The results outlined below confirm that, in addition to thick massive sulphides discovered in CANDD0021, the project has the capacity to host further high-grade mineralisation.

Recent DHEM Outcomes - Down hole electromagnetic (DHEM) surveying on CANDD005 has identified a conductor of 40-60 metres 'length' and 150 by 200 metres depth or plunge extent (primarily above the drill hole) and 65-750 dip to the WSW-W, with moderate conductance of 300-500 Siemens. The conductor is modelled as approximately 20 metres off the hole to the SSE. The Company has previously reported several copper-sulphide zones in CANDD005 with all assays for this hole pending.

Drilling Status and Outlook - COVID-19 related travel restrictions affecting the drill crew, weather-related access issues to the drill site as well as time to expedite surface and DHEM surveying, geological logging and interpretation at Canbelego prompted the Canbelego drill program to be 'suspended' on the completion of CANDD005. Further drilling to follow-up on the recent drill results and to test the surrounding EM anomalies remains planned for later this year.

On 6 August, after a short break, the drill rig commenced a drill program at the CZ Deposit, on the Collerina Trend.

Contact:

Tel: +61 (0)8 9321 2644

Email: helix@helixresources.com.au

Web: www.helixresources.com.au

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