Helio Resource Corp. reported results from the balance of 17 Reverse Circulation (RC) drill holes (1,448m) from the Gap Target, SMP Gold Project, Tanzania. The Gap Target, located 2km east of the Company's Porcupine Resource areahas potential to add materially to the existing resource at SMP, both through near surface resources and underground higher-grade resources.

Overview: In the fourth of 2014, 2014, Helio drill-tested three targets – Gap, Konokono and Porcupine - with a 7,000m+ combined RC and diamond drill program. The objective of the program was to add near surface ounces to the resource base from the Gap and Konokono Targets, and to add underground ounces from the down plunge section of the higher-grade core of the Porcupine Target. Widely spaced reconnaissance drilling was conducted at the Gap Target in 2011.

This drilling covered a 1,200m+ strike length of the Gap Target on widely spaced (100m – 400m) centres. Results from this drilling indicated the potential for near-surface high-grade mineralisation. During 2014, using the Company's new structural models for the location and orientation of the higher-grade zones within the SMP project area, Gap was identified as a priority target for infill drilling to test for resource potential.

The 2014 RC drilling at Gap covered a 500m strike length of that 1,200m+ target. Results from this latest batch of drill holes confirm that the high-grade zone identified in the December 11, 2014 news release continues down plunge and is then intercepted in GPR 166 (4m grading 30.2g/t Au). In addition the drilling discovered three new high-grade shoots 300m and 400m east of GPR 166, having the following high assay values.

GPR 181 intersected 1m grading 10.4g/t Au from 20m downhole (300m east of GPR 166) GPR 180 intersected 1m grading 19.5g/t Au from 51m downhole (400m east of GPR 166) GPR 179 intersected 1m grading 11.3g/t Au from 96m downhole. The closest drilling east of GPR 179 and GPR 180 is over 300m away and includes the mineralised intercepts of previously reported holes GPD128 (8m grading 1.5g/t Au), GPD130 (1m grading 8.2g/t Au) and GPD135 (3m grading 7.2g/t Au). Holes were drilled northwards off drill pads spaced 50m apart, with one or two holes (inclined at -50° and/or -70°) drilled from each pad.

The drilling tested a total strike length of over 500m. The mineralisation coincides with a strong geophysical anomaly (coincident magnetics and induced polarisation [IP]). A plan map showing the drilling and intercepts is shown in this link: Plan Map of Gap RC Drilling.

Mineralisation remains open along strike, down-plunge and to depth. The strike extension of the drilled mineralisation continues for over 300m eastwards, and it is still underlain by the same coincident geophysical anomaly. Drill Programme Update: The 2014 drill program was completed in late December 2014 and consisted of: 6 diamond drill holes (3,164m) at the Porcupine Target.

25 RC holes (2,264m) at the Gap Target (eight holes reported previously). 24 RC holes (2,177m) at the Konokono Target. 4 diamond drill hole tails to RC holes (287m) at Konokono.