Halo Resources Ltd.

Halo Resources Ltd.

March 05, 2010 07:31 ET

Halo Engages Investor Relations Firm

TORONTO, ONTARIO--(Marketwire - March 5, 2010) - Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRL) is pleased to announce that it has engaged Humbercrest Capital of Toronto to provide investor relations services for the Company.

Humbercrest Capital provides strategic counsel to small and medium cap companies, primarily in the resource sector. The President of Humbercrest Capital is Michael Joyner, an experienced finance and communications executive with an extensive corporate development and investor relations background. Effective March 4, 2010, Humbercrest Capital will provide services for the Company at the base rate of $3,500 per month for a minimum 6 month period. A consideration of 500,000 Halo options will also be granted to Mr. Joyner. These incentive stock options are exercisable at $0.10 with an expiry date of February 25, 2015. The primary focus of the planned investor relations campaign is to introduce Halo Resources to a wider audience within the North American investment community including investment advisors, sell side analysts and institutional investors.

Halo will be exhibiting at the Prospectors and Developers Association of Canada (PDAC) convention March 7th to 10th in Toronto, which attracts over 20,000 international attendees. Investors are invited to meet with management at booth 2524 in the Investors Exchange. Halo has been selected to display drill core from the Sherridon VMS District at the Core Shack (Booth 5023B).

The Company announces that Andrew Carter has resigned from the Board of Directors.

Halo continues to drill at the Sherridon VMS Property, Manitoba to complete the work programs approved by HudBay. Halo has also commenced drilling at its West Red Lake project, Ontario, where a total of 1,800 meters of drilling is planned on several joint venture properties.


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 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. A 2008 NI43-101 compliant copper-zinc resource, for four of the known deposits in the district, was completed in less than 18 months. The Company has a joint venture interest in the Duport Property, an advanced gold property near Kenora, Ontario and is the operator for several contiguous joint venture properties in West Red Lake covering 45 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.

Neither 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.

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