Soho Resources Corp.
TSX VENTURE : SOH

Soho Resources Corp.

April 19, 2011 10:52 ET

Soho Retains Merriman Capital to Pursue Listing on the OTCQX

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 19, 2011) - Soho Resources Corp (TSX VENTURE:SOH) ("Soho" or the "Company") is pleased to announce that the Company has retained financial services firm Merriman Capital, Inc. to pursue a listing on the OTCQX. Soho currently trades on the TSX Venture Exchange under the ticker symbol SOH and a dual listing on the OTCQX would broaden the market to include investors in the United States.

The OTCQX is a premium market tier known within the industry for maintaining rigid listing standards for growth oriented companies that trade on its exchange. Pending approval, Soho's listing on the OTCQX is expected to be completed during the second quarter of this year.

"With the enhanced U.S. based trading platform offered by the OTCQX, we are pleased to be able to better serve our growing number of U.S. investors who are following Soho Resources," said Ralph Shearing, President and CEO of Soho.

The OTCQX has earned a strong reputation for providing U.S. investors with improved liquidity, transparency, superior information, and easy access through their U.S. regulated broker-dealers, while Merriman's blend of investment banking, equity research and financial marketing services has a proven track record of success in elevating the profile of their client companies. "We are looking forward to higher visibility in the largest market in the world and look forward to working with Merriman Capital in this regard." Merriman Capital, Inc. is a wholly-owned subsidiary of Merriman Holdings, Inc. (NASDAQ:MERR; Member FINRA/SIPC); for further information, please visit their website at www.merrimanco.com.

About Soho Resources Corp

Soho Resources Corp. is an exploration and development company strategically focused on gold, silver and base metals in the prolific Sierra Madre Belt of Mexico.

The Company has been conducting an exploration and drilling program to expand and upgrade its resources at its flagship Tahuehueto Project in Durango State and on October 4, 2010 announced the results of a Preliminary Economic Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. Key findings from the report included:

Summary of PEA Estimates
Net cash flow$US 184.2 million
Net present value (NPV) 5% discount$US 109.6 million
Internal rate of return %31%
Payback period (months)27
Mine life (years)11
Maximum processing rate (tonnes/annum)1,000,000
Capital and start-up costs$US 89.1 million
Note: Calculations based on these 3 year rolling average metal prices as of the end of August 2010. Currency - $US

Gold 965.81, Silver 15.38, Copper 2.92, Lead 0.95, Zinc 0.88

The Tahuehueto Project is a classic epithermal system hosting multiple structures traced for up to six kilometers of strike length. Considerable upside exploration potential remains on the existing explored resource structures both down dip and along strike, as well as on numerous other unexplored mineralized structures.

Qualified Persons

This press release was prepared under the supervision and review of Ralph Shearing, President and CEO of Soho Resources Corp., a Licensed Geologist, and Qualified Person as defined by NI 43-101.

Definitions used in this release are consistent with those adopted by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Council in December 2005, as amended, and prescribed by the Canadian Securities Administrator's National Instrument 43-101 and Form 43-101F1, Standards of Disclosure for Mineral Projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

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 Issued185,533,676

Last Close $0.10 – April 18, 2011

"Neither the 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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