Halo Increases West Red Lake Claim Position

Lynda Bloom, President and CEO of Halo Resources Ltd. ("Halo", the "Company")
(TSX VENTURE:HLO)(FRANKFURT:HRLN) is pleased to announce the expansion of the
West Red Lake property area contiguous with claims held in joint venture with
both Red Lake Gold Mines Partnership (RLGMP), a partnership between Goldcorp
Canada Ltd. and Goldcorp Inc. (TSX:G)(NYSE:GG) ("Goldcorp").


A total of 7 new claims, covering a total of 642 hectares have been staked and
recorded. The claims are held 60% by Halo, 40% RLGMP and cover an area of
sheared felsic volcanics, that also host the 1930s-era Miles Red Lake and
May-Spiers Gold Mines (see following map,
http://media3.marketwire.com/docs/hlo0607.pdf). The joint venture property
package has been increased by 20 percent to a total of 3,472 ha.


"Halo has further expanded its land position in an area with numerous historical
gold showings and the focus of our last four years of exploration", says Lynda
Bloom, President and CEO. "We look forward to the summer work program and
defining the next round of drill targets".


Almost 60 line-kilometers of the winter Induced Polarization and magnetics
geophysical surveys have been completed. The surveys have been designed to
identify additional drill targets over a 2 kilometer strike length west of
Bridget Lake within the same package of gold-bearing chemical metasediments that
host the most recent high grade gold intersections. The area along the northwest
shore of Trout Bay adjacent to the terrane-bounding fault that separates the
Ball assemblage from the Trout Bay assemblage is proposed as a highly
prospective location for further field work and drilling.


ON BEHALF OF THE BOARD OF DIRECTORS

Marc Cernovitch, Chairman

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near
production base and precious base metal deposits. The Company's main focus is
the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots
volcanogenic massive sulphide (VMS) copper, zinc and gold exploration
opportunities. The Company has a joint venture interest in the Duport Property,
an advanced gold property near Kenora, Ontario and is the operator for
contiguous joint venture properties in West Red Lake covering 26 sq. km. The
Company is operated by an experienced management team with a growth strategy to
develop a diversified portfolio of advanced mining projects.


Forward Looking Statements

This Company Press Release may contain certain "forward-looking" statements and
information relating to the Company that are based on the beliefs of the
Company's management as well as assumptions made by and information currently
available to the Company's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic conditions, customer
relations, relationships with vendors and strategic partners, the interest rate
environment, governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any one or
more of these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially from those
described herein.

Halo Resources Ltd. (TSXV:HLO)
過去株価チャート
から 5 2024 まで 6 2024