Halo Resources Ltd.

Halo Resources Ltd.

May 25, 2010 09:57 ET

Halo Reports Continued Strong Intersections at Sherridon

TORONTO, ONTARIO--(Marketwire - May 25, 2010) - Lynda Bloom, President and CEO of Halo Resources Ltd. ("Halo", the "Company") (TSX VENTURE:HLO)(FRANKFURT:HRL) is pleased to announce continued near-surface, mineralized intersections at the Lost deposit. Recent intersections include up to 0.7% copper, 5.2% zinc, 4.8 g/t silver and 1.1 g/t gold over 7.8 meters, starting just 10 meters from surface.

"Drilling results demonstrate both strong continuity and that mineralization projects to surface. Halo is pleased with the results of the in-fill drill program, and looks forward to the completion of HudBay's assessment," says Lynda Bloom, President and CEO. "Encouraged by good grades and enhanced precious metal concentrations, we are investigating the extensions of the Cold-Lost trend, where it continues on claims held 100% by Halo."

Recently ground geophysical surveys are being interpreted and field investigations are planned this summer on the southern projection of the Cold-Lost trend.

Technical Highlights

Halo and Hudson Bay Mining and Smelting Co., Limited ("HudBay"), a subsidiary of HudBay Minerals Inc. (TSX:HBM) signed an option agreement on December 22, 2009 that allows HudBay to earn up to a 67.5% joint venture interest in a 1.1 square kilometer area that hosts the Cold and Lost mineralization. The February drill program was carried out as part of HudBay's work expenditures to maintain its interest.

A total of 4,484 meters of core drilling, in 30 drill holes, has been completed since the discovery of the deposit in 2007. Five drill holes were completed in February 2010 for a total of 548 meters. The holes were designed to test the near-surface extension of the mineralized zones and continuity of the nearly 400-meter strike length defined to date.

The significant assays are reported in the table below.

Hole ID Section From (m) To (m) Width (m)** Copper (%) Zinc (%) Silver (g/t) Gold (g/t)
DH10-149 4850 14.2 22.0 7.8 0.69 5.20 4.8 1.11
  incl 16.3 20.9 4.6 0.93 8.52 4.8 0.28
DH10-150 4700 15.9 22.0 6.1 0.42 0.89 4.8 0.30
  incl 17.0 17.9 0.9 1.28 4.12 16.3 0.89
DH10-151 4650 35.8 39.0 3.2 0.91 5.37 9.9 0.43
DH10-152 4600 35.6 38.7 3.2 1.05 3.11 11.8 0.59
  and 43.3 44.4 1.1 0.48 0.05 3.5 0.09
DH10-153 4750 14.4 17.6 3.2 0.72 1.13 6.4 0.17

**All Azimuth's are 222 degrees and dips are -45 degrees. True widths are approximate as deposit geometry is unknown.

A location map shows the relative position of the Cold deposit, just 400 meters northwest of the Lost deposit with recent assays reported up to 2.7% copper and 4.1% zinc over 17.3 meters.

Note: To view the map, please click the following link: http://media3.marketwire.com/docs/hlo0525.pdf

Sample preparation, assaying and assay quality control are consistent with procedures outlined in the January 15, 2010 press release.

The above information has been prepared under the supervision of Lynda Bloom, P.Geo., who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.


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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