December 22, 2011
Hellix Receives Final Approval on Margarita Drill Permit
HELLIX VENTURES INC. - HEL:TSX.V/HLLXF:OTC - Vancouver, BC - Frank Underhill, President, is pleased to announce that final approval has been received by the Forest Service responsible for overseeing management of the lands in the region of our Margarita gold project.
Our reclamation bond advance has been accepted and we are proceeding with coordination of equipment and personnel. We anticipate commencement of the program within the next three to four weeks.
HELLIX VENTURES (HEL – TSX.V) is engaged in the identification, acquisition, exploration and development of gold and silver properties in North America. Hellix has no debt (other than short-term trade payables), and has positive cash flow from fossil fuel production in Western Canada. All transactions stated or referred to herein are expressly subject to TSX Venture Exchange approval as well as all other applicable regulatory body approvals.
ON BEHALF OF THE BOARD OF DIRECTORS
HELLIX VENTURES INC.
Toll Free: 1-877-430-3113 Phone: (604) 683-6657 Fax: (604) 684-4407
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