Mr. Mark Sander of CE Mining reports

INSIDER SHAREHOLDINGS HELIO RESOURCE CORP. (THE "COMPANY")

In accordance with the requirements of Section 5.2 of MI 62-104 and Section 3.1 of NI 62-103, CE Mining Ltd. has now completed the second tranche of Helio Resource Corp.'s non-brokered private placement that raised, in two tranches, a total of $4,005,000 for the company, comprising 80.1 million units at a price of five cents per unit. The first tranche of the financing closed on June 13, 2014, for proceeds of $2,955,000 (59.1 million units). In the first tranche of the financing, CE Mining subscribed for 19 million units for proceeds of $950,000. In the second tranche of the financing, CE Mining acquired an additional 21 million units of the company for proceeds of $1.05-million. CE Mining was the only placee in the second tranche and, as it became a "control person" under applicable securities legislation on closing, under the policies of the TSX Venture Exchange the company was required to first seek disinterested shareholder approval of an ordinary resolution supporting CE Mining's proposed investment. Such approval was received on July 25, 2014, at a special general meeting of the shareholders of the company. CE Mining, as an interested party, was not allowed to vote on that resolution.

Each unit of the financing consisted of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share for a period of two years from closing at a price of 10 cents.

CE Mining owned, prior to completion of the second tranche of the financing, 39 million, or 19.79 per cent, of the issued and outstanding common shares of the company on a non-diluted basis. CE Mining now owns 60 million shares. It also owns a total of 40 million warrants, comprising 20 million warrants exercisable at a price of 14 cents per share with an expiry of May 8, 2015, 9.5 million warrants exercisable at a price of 10 cents per share with an expiry of June 13, 2016, and 10.5 million warrants exercisable at a price of 10 cents per share with an expiry of July 25, 2016.

CE Mining now owns 60 million, or 27.51 per cent, of the issued and outstanding common shares of the company on a non-diluted basis. Upon the exercise of all of its warrants, CE Mining would own, on a partially diluted basis, 38.75 per cent of the issued and outstanding common shares of the company. CE Mining was, prior to completion of the second tranche of the financing, an insider of the company and therefore, through this investment, has completed another "related-party" transaction (as defined by Multilateral Instrument 61-101) with the company. The company's related material change report under MI 61-101 will be filed less than 21 days before the date of the closing of the second tranche of the financing, as several material matters were uncertain and not ascertainable until at, or close to, the closing of the second tranche of the financing.

The proceeds from the financing will be used for the advancement of the company's SMP gold project in the Lupa goldfields of southwest Tanzania and for general corporate working capital purposes. The shares owned and acquired by CE Mining were all acquired privately by way of private placements with the company and not on any stock exchange or other marketplace. The acquisition of the units by CE Mining was undertaken for investment purposes. CE Mining will evaluate its ownership position in Helio from time to time and depending on a number of circumstances (including, but not limited to, performance of the common shares of Helio in the market) CE Mining may from time to time purchase or sell, directly or indirectly, additional common shares to increase or decrease its ownership position in Helio (within all required securities laws and regulations).

CE Mining is a company jointly owned and managed by Plinian Capital LLP and Generation Asset Management, and it invests in promising exploration and development mineral resource projects. Plinian is an investor in, and a leading operational manager of, mineral development, production and turnaround opportunities with extensive operational expertise in gold, silver, copper, nickel, platinum group metals and iron ore in the Americas, Australia and Africa. Generation Asset Management (UK) Ltd. is an asset management, private equity and corporate finance company. Also see the related news release of CE Mining dated June 13, 2014, and the news releases of Helio Resource dated May 28, 2014, June 13, 2014, and July 28, 2014.