Halo Resources Ltd.
OTC Bulletin Board : HLOSF

Halo Resources Ltd.

March 01, 2007 09:11 ET

Halo Appoints Lynda Bloom as President & CEO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2007) - Marc Cernovitch, Chairman of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FRANKFURT:HRL) is pleased to announce the appointment of Lynda Bloom to the position of President and CEO.

As Chairman of the Corporation, Marc Cernovitch will continue to play an active role in advancing the corporate strategy and to deploy his strengths in venture markets, financing and corporate development for the Company.

"The rapidly developing project in Sherridon, Manitoba, and the Red Lake joint venture with Goldcorp require the experienced leadership and technical background that Lynda Bloom brings to the Company." says Cernovitch. "This is about adding strength and greater depth to Halo's management team."

Lynda Bloom has served as a Director since November 2006. After earning a M.Sc. at Queen's University in Geological Sciences in 1981, Bloom planned and interpreted geochemical surveys worldwide and developed expertise on sampling and assay methods. She has been a director and officer of junior mining companies for over 10 years and has experience at both the board and operational levels. She is a director of the Prospectors and Developers Association of Canada and recently completed her term as Chair of the Canadian Institute of Mining and Metallurgy-Toronto Branch, as well as serving on several government advisory boards.

"I was attracted to working with the team at Halo based on their success in consolidating the impressive land package at Sherridon of 200 square kilometers that hosts both a copper-zinc past producer and historical base metal resources" says Bloom. "This is a unique Canadian opportunity as there has been essentially no exploration for VMS deposits in this area for 60 years yet the property is connected to Flin Flon by road and rail. The combination of potentially low capital costs and incredible upside for new discoveries is a winning combination."

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 comprises 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.


Marc Cernovitch, Chairman

Except for the historical statements contained herein, this news release presents "forward looking information" within the meaning of the United applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, statements with respect to the future price of gold and other minerals and metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. 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 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 statements, 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 information. Accordingly, readers should not place undue reliance on forward-looking information Halo does not undertake to update any forward-looking information that is incorporated by reference 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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