Helio Reports on AGM



    
    TSX-V Trading Symbol: HRC
    Website: www.helioresource.com
    

    VANCOUVER, Aug. 31 /CNW/ - The Company reports that it held its AGM on
August 25, 2009 and all resolutions were approved unanimously (see the SEDAR
filing of the Information Circular, dated July 31, 2009).
    At the subsequent Board of Directors meeting the following resolutions
were adopted:

    
    1.  Grenville Thomas was re-appointed Chairman of the Board.
    2.  The Audit Committee, comprising Cliff Davis (Chairman), Stephen
        Leahy, and Richard Williams, was re-appointed.
    3.  The Compensation Committee, comprising Cliff Davis, Grenville Thomas,
        and Stephen Leahy, was re-appointed.
    

    Officers of the Company comprise Chris MacKenzie (Chief Operating
Officer), Richard Williams (Chief Executive Officer), Andrew MacRitchie (Chief
Financial Officer), and Stewart Lockwood (Corporate Secretary).

    Helio's main focus is the development of the SMP gold project in
Tanzania. As part of its strategic approach to project development, Helio has
optioned 8 of its Namibian licences to Desert Minerals (UK) Ltd. and continues
to pursue joint venture partners for its two other projects in Namibia.

    
                     ON BEHALF OF THE BOARD OF DIRECTORS

           "Richard D. Williams"                "Chris MacKenzie"
         Richard D. Williams, P.Geo     Christopher J. MacKenzie, C.Geol.
                    CEO                                COO

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00012999E




For further information:

For further information: Richard Williams at (604) 638-8005 or by e-mail
to richard@helioresource.com


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