Halo Resources Ltd.
FRANKFURT : HRL
OTC Bulletin Board : HLOSF
TSX VENTURE : HLO

Halo Resources Ltd.

January 24, 2008 08:00 ET

Halo Appoints Vice President, Exploration

TORONTO, ONTARIO--(Marketwire - Jan. 24, 2008) - Lynda Bloom, President and CEO of Halo Resources Ltd. (the "Company") (TSX VENTURE:HLO)(OTCBB:HLOSF)(FRANKFURT:HRL) is pleased to announce the appointment of Mr. Stephen MacConnell, P.Geo. as Vice President, Exploration.

Stephen brings to the Company 15 years of experience in base metal and gold exploration, with an emphasis on Canadian advanced projects. Stephen has worked for both senior and junior companies such as BHP-Billiton, Kinross and Bema as well as Manicouagan Minerals. He expanded his geological knowledge and management skills with the teams that developed the Goose Lake and Monument Bay gold properties in Nunavut and Manitoba and the Brabant VMS deposit in Saskatchewan.

"Stephen is an important addition to our Halo management team as we continue to expand our operations in Manitoba and Ontario. Our success in doubling the size of the Bob deposit and discovery of the new Lost Lake zone has demonstrated that Halo's approach to multidisciplinary geoscience is effective. We expect Stephen's leadership of the geological team to generate further value as we continue to evaluate the 66 line kilometers of EM conductors identified in the 2006 airborne geophysical survey," states Lynda Bloom.

Stephen earned his Bachelor degree in Geology from Acadia University, Nova Scotia in 1993 and is registered to practice with the Association of Professional Geologists of Ontario.

Two diamond drill rigs are currently working 24 hours a day at the Sherridon VMS Property to accomplish the planned 30,000 m drill program for 2008. Construction of a 25-man camp at Sherridon was completed in December to accommodate the expansion of the Halo team as well as the drilling, road building and geophysical contractors.

ON BEHALF OF THE BOARD

Lynda Bloom, President and CEO

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.

This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such informat ion. Accordingly, readers should not place undue reliance on forward-looking information Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Halo Resources Ltd.
    Lynda Bloom
    President & CEO
    (416) 368-7045 or Toll Free: 1-866-841-0068
    Email: lbloom@halores.com
    or
    Halo Resources Ltd.
    Marc Cernovitch
    Chairman
    (416) 368-7045 or Toll Free: 1-866-841-0068
    (416) 368-9805 (FAX)