Successful Acquisition by CE Mining Limited of an interest in the SMP Gold Project in Tanzania

14 May 2013

Kerman & Co. LLP advised CE Mining Limited on its acquisition of 20,000,000 shares (representing 14.75% of the issued share capital) in Helio Resources Corp. (TSX.V: HRC) (“Helio”or the “Company”) for Cdn$1,400,000 (Cdn$0.07 per share).

CE Mining was also granted a warrant over 20,000,000 shares at Cdn$0.14 per share (“Warrant”) of Helio. The warrants may be exercised (subject to shareholder and TSX approval) for a period of two years from closing, expiring on May 8, 2015.

The proceeds raised by Helio from the private placement will be used for the advancement of the resource at Helio's 238km² SMP Gold Project in the Lupa Goldfields of South West Tanzania, and for general corporate working capital purposes.

Under the terms of the subscription, CE Mining has the right to appoint two directors to the Board of Helio (Brad Mills is the initial sole appointment), and for Plinian Capital Limited to be appointed as operator following completion by Helio of a pre-feasibility study (expected Q3 2013).

CE Mining Ltd, is a joint venture company established for the purposes of investing in exploration and development mineral resource projects, by (i) Plinian Capital Ltd an investor in and a leading operational manager of mineral discovery, development, production, and turnaround opportunities with extensive operational expertise in gold, silver, copper, nickel, PGMs (platinum group metals) and iron ore in the Americas, Australia and Africa; and (ii) Generation Asset Management (UK) Limited, an asset management, private equity and corporate finance company.

Michael Corcoran (Partner) and Norah Mugambi (Associate) in the Corporate and Capital Markets Team at Kerman & Co. LLP advised CE Mining.