Helio Resource Corp. announced that, following successful completion of due diligence by CE Mining Limited it has closed the first tranche of the $1.75 million non-brokered private placement announced on April 22, 2013. Closing of the first tranche of the private placement follows the signing by the Company of an Operating Agreement with Plinian Capital LLP and a Memorandum of Agreement and an Investment Agreement with CE Mining.

These agreements provide for appointment of one new director, Mr. Bradford A. Mills, to the Board of Directors of Helio, subject to TSX Venture Exchange approval.