Halo Resources Ltd.
OTC Bulletin Board : HLOSF

Halo Resources Ltd.

August 16, 2005 09:01 ET

Halo Resources Appoints Mr. Peter E. Dietrich to the Company's Advisory Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) - Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FWB:HRL) is pleased to announce that it has augmented the Company's Advisor Board with the addition of Peter E. Dietrich.

Mr. Dietrich holds degrees in Honors Geology from the University of Western Ontario, and an MBA from the University of Queensland, Australia. He has over 20 years of international experience in mine operations; project evaluation and development; and corporate strategy. He has worked for major mining houses including Cominco Ltd., Noranda Inc., Mount Isa Mines Ltd., and has consulted internationally to government and the private sector. Mr. Dietrich is currently Manager of Strategic Planning and Corporate Development with Inco Limited.

Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FWB:HRL) 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; Bachelor Lake, which is a gold exploration project; and a letter of intent regarding Quarter Moon, which is a grass roots gold project. 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, President & CEO

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.

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

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