Helio (TSX-V:HRC) Sells Remainder of Namibian Interest

VANCOUVER, May 5, 2017 /CNW/ - Helio Resource Corp (TSX-V: HRC), ("Helio" or the "Company") reports that, in an arms length private transaction, it has sold all of its interest in a private company with assets in Namibia (see news release dated May 31, 2016) for proceeds of CAD885,892. No commissions or fees were payable in regards to this transaction.

About Helio Resource Corp.

Helio Resource Corp. is a resource company focused on advancing the 100% owned SMP Gold Project in Tanzania to a production decision.

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"

Richard D. Williams, P.Geo

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.

SOURCE Helio Resource Corp.

View original content: http://www.newswire.ca/en/releases/archive/May2017/05/c3088.html

%SEDAR: 00012999E

For further information: please contact Richard Williams at 604 638 8005.

CO: Helio Resource Corp.

CNW 17:00e 05-MAY-17