Soho Resources Corp.
TSX VENTURE : SOH

Soho Resources Corp.

December 04, 2006 11:44 ET

Soho Reduces NSR and Concludes Vendor Payments at Tahuehueto Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) -

Mr. Ralph Shearing reports,

Soho Resources Corp. (TSX VENTURE:SOH) is pleased to advise that it has entered into an agreement with Senor Alberto Shade Zavala ("Senor Shade") of Durango, Mexico, to purchase royalties interests in certain concessions of the Tahuehueto polymetallic project in Durango State, Mexico. The Company agreed to purchase Senor Shade's 0.4% net smelter return (NSR) royalty interest covering a portion of the Project for US$75,000, thereby reducing the outstanding NSR to 1.6% upon completion of the transaction.

Senor Shade also agreed to accept a cash payment of $50,000 and 200,000 common Soho shares priced at $0.45 per share as final compensation due him (as a property vendor) under the original Share Purchase Agreement. (Details of the Company's historic obligations to Senor Shade are outlined in previous news releases and financial statements).

"We are very pleased to have completed the purchase of Senor Shade's portion of the NSR, which improves the long-term economics of the Tahuehueto project," said Mr. Ralph Shearing, President and CEO. "We are also pleased that Senor Shade has accepted his final cash and share payment due under the original Share Purchase Agreement, thereby concluding all business between him and the Company."

The issuance of the 200,000 common shares is subject to the acceptance of the TSX Venture Exchange.

Project Update

The Company is pleased to advise that the drilling program at the project is now running at full capacity, with two diamond drills operating 24 hours per day. Ten holes have been completed since early August using one drill that had operated intermittently over this period because of mechanical and weather-related delays. Core samples from eight of these holes have been submitted to the lab for analysis and results are pending. Shareholders are encouraged to visit the Company's web site for a detailed report by the President summarizing his recent site visit to the Project.

On behalf of the Board,

Ralph Shearing, President and Chief Executive Officer

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Soho Resources Corp. (TSX VENTURE:SOH)

Shares Issued - 70,731,313

Last Close 2006/12/01 C$0.53

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

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