Soho Resources Corp.
TSX VENTURE : SOH

Soho Resources Corp.

November 24, 2010 11:02 ET

Soho Resources Corp. Appoints Jack Miller to Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - Soho Resources Corp. (TSX VENTURE:SOH) ("Soho" or the "Company") is pleased to announce that Mr. Jack Miller has been appointed to the Company's Advisory Board.

Mr. Miller brings vast knowledge gained through 30 years of senior experience in all aspects of project development through to mine operation. Most recently Mr. Miller held the position of Chief Operating Officer with Quadra Mining Ltd. where he was responsible for three mining operations, two in the USA and one in Chile. He has been instrumental in moving projects forward from pre-feasibility through to production. Other responsibilities included technical due diligence on potential M&A targets, human resources, exploration and guiding the overall direction of the company.

Mr. Miller has also held senior positions with companies such as Imperial Metals Corporation, Westmin Resources Inc. and Gibraltar Mines Limited. In particular Mr. Miller was key in completing the construction of Imperial Metals' Huckleberry Mine located in central British Columbia where he was able to stabilize production above target levels within seven months of start-up.

"Within his Advisory Board role, Mr. Miller brings an enormous amount of mining engineering, mine project development and geological experience to our Company," states Soho's President and CEO, Mr. Ralph Shearing. "His experience in project development will be invaluable as Soho continues to move its flagship Tahuehueto Project toward production."

About Soho Resources

Soho Resources Corp. is a junior exploration and development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico. The Company's flagship project is the Tahuehueto Project located in Durango, Mexico. The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometres of strike length. The project area has geological similarities to nearby mines, notably La Cienega, a Polymetallic deposit operated by Penoles, Mexico's largest mining company.

Results of a Preliminary Economic Assessment ("PEA") on the Tahuehueto Project, using its current NI 43-101 Resource Estimate (http://www.sohoresources.ca/news_view.php?id=17) were recently announced on October 4, 2010 (http://www.sohoresources.ca/news/newspdf/soho-89_-_pea.pdf). Key findings include, a Net Present Value of $US 109.6 million, Internal Rate of Return of 31%, Capital Costs of $89.1 million and a mine life of over 11 years at a processing rate of approximately 1,000,000 tonnes per annum). (Approximately 2,750 tonnes per day). Exploration potential for the discovery of new resources remains excellent and should significantly extend the 11 year mine life, estimated within the PEA.

ON BEHALF OF THE BOARD OF DIRECTORS

Ralph Shearing, Chief Executive Officer

WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Soho Resources Corp. relies upon litigation protection for forward-looking statements.

Shares Issued154,013,693

Last Close 2010/11/23 C$0.095

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

Contact Information