Soho Resources Corp.

Soho Resources Corp.

March 26, 2007 09:24 ET

Soho Resources Corp. Revises Previously Announced Financing to $10 Million

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 26, 2007) -


Mr. Frank Port reports,

SOHO RESOURCES CORP. (TSX VENTURE:SOH) is pleased to report that the private placement financing announced March 23, 2007 has been revised and increased to $10-million.

Soho Resources has entered into a revised agreement with a syndicate of Agents led by Sprott Securities Inc., and including Westwind Partners Inc. (the "Agents"), pursuant to which the Agents and the Company have agreed to increase the size of the offering due to excess demand. The private placement has been priced at $0.50 per Unit. Each Unit shall be comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") for a period of two years following the closing date (currently scheduled for April 11th, 2007) at $0.70 per Warrant Share.

The net proceeds of the Offering will be used to fund further exploration and development of the Company's exploration properties in Mexico and for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an application exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Exploration programs to date at Soho Resources Corp.'s Tahuehueto Project have confirmed the presence of at least 12 mineralized zones within a structurally controlled epithermal system traced over 6 km. A drilling program is under way to define resources at five priority zones, along with exploration programs to test other zones and targets at the 8,894-hectare Tahuehueto Project.

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.

Shares Issued - 74,841,913

Last Close 2007/03/23 C$.56

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

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