METANOR RESOURCES INC.
TSX VENTURE : MTO

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

Halo Resources Ltd.

September 28, 2005 09:00 ET

Halo and Metanor Announce Execution of Bachelor Lake Joint Venture Agreement

VAL-D'OR, QUEBEC--(CCNMatthews - Sept. 28, 2005) - Mr. Marc Cernovitch, President and CEO of Halo Resources Ltd. (TSX VENTURE:HLO) (OTCBB:HLOSF) (FWB:HRL) & Mr. Serge Roy, President & CEO of Metanor Resources Inc. (TSX VENTURE:MTO) are pleased to announce that Halo has satisfied its work commitments and other obligations to acquire a 50% undivided ownership interest in the Bachelor Lake Property in Quebec, Canada and has executed a joint venture agreement with Metanor Resources Inc. for the exploration, development and exploitation of the property.

The Bachelor Lake Property is located in Le Sueur Township, Desmaraisville sector of Quebec.

Additional Information

For additional information on the Bachelor Lake Property, please see the Bachelor Lake Gold Mine Property NI 43-101 Technical Report dated December 20, 2004 (Revised version), filed on SEDAR at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Except for the historical statements contained herein, this news release presents forward-looking statements that involve inherent risks and uncertainties. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the Company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the mining industry, and other risks detailed from time to time in the Company's periodic reports filed with the British Columbia Securities Commission and the United States Securities and Exchange Commission. Investors are cautioned that, except as disclosed in the materials to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo Resources Ltd. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Shares outstanding : 17,267,598

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