Halo Continues to Hit High Grade Gold at Duport.

VANCOUVER, British Columbia -- Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FWB:HRL) is pleased to announce the latest results from the exploration drill program being carried out on the Company's Duport gold project near Kenora, Ontario.

Previously announced results have included several high-grade gold intersections (0.535 opt over 13.0 feet, 0.337 opt gold over 4.0 feet, and 0.788 opt gold over 3 feet), some of which have significantly extended the zone of mineralization (700 feet down plunge and 1000 feet along strike to the SW). The results are from core holes designed to expand gold resources by testing the down plunge extension of the prospective Main and East Zones and also along strike to the southwest where widely-spaced historical holes have intersected encouraging gold values.

Highlights of the most recent holes are summarized below. Additional results will be released as assay data become available:

- Hole 05-14 returned 0.145 opt Au over a length of 9.2 ft including 0.234 opt Au over a length of 4.1 ft. Hole 14 correlates with a north plunging shoot defining the Main Zone at Section 8600N.

- Hole 05-16 returned 0.542 opt Au over a length of 4.1 ft in the Hangingwall Zone and 0.460 opt Au over a length of 5.0 ft in the East Zone

- Hole 05-17 returned 0.125 opt Au over a length of 23.7 feet and included 0.215 opt Au over a 9.0 ft. intersection. This hole extends the zone of mineralization approximately 1000 ft SW of the previously define gold envelope.

Gold mineralization at Duport is hosted by well-developed quartz and sulphide-rich zones that occupy a pronounced flexure along the western margin of the Stevens Island sub-volcanic complex. This flexure is defined as the Duport Deformation Zone (DDZ) and which is several hundred feet wide and trends northeasterly over a strike length of sixteen (16) kilometers. A seventy (70) line kilometer detailed surface geophysics program has confirmed the presence of several major structural discontinuities within the DDZ and adjacent to the existing deposit. Further analysis is on-going but these anomalies represent excellent targets for future exploration drilling and the potential for significant expansion of the Duport gold resource.

The immediate exploration plans are as follows:

- Complete a geological model using all available drill hole data to form the basis for a new, NI 43-101 compliant resource estimate

- Complete an internal scoping study to establish the economic viability of a short term production start-up.

- Complete analysis of geophysical data and design a program to assess the potential for further expansion of the Duport gold deposit.

Table 1 below provides details of significant assay results from Holes 05-10 to 17 inclusive.

Table 1. Summary of Recent Results
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HOLE     SECTION       FROM       TO       LENGTH     GRADE
                       (ft)      (ft)       (ft)     (opt Au)
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05-11     8,300N      922.2     928.5       6.3       0.110
                      977.8     979.8       2.0       0.156
                      992.7     993.7       1.0       0.738
                    1,036.1   1,040.4       4.3       0.110
-------------------------------------------------------------
05-13     7,400N      480.7     483.0       2.3       0.206
-------------------------------------------------------------
05-14     8,200N      777.9     782.0       4.1       0.234
-------------------------------------------------------------
05-16     8,100N      346.7     350.8       4.1       0.542
                      720.5     725.5       5.0       0.460
-------------------------------------------------------------
05-17     7,500N      232.3     241.3       9.0       0.215
                      261.6     265.9       4.3       0.239
-------------------------------------------------------------

Quality Control and Quality Assurance Program

About 1600 samples were submitted for gold analysis to Accurassay Laboratories in Thunder Bay, an assay laboratory accredited by the Standards Council of Canada. A quality assurance quality control (QA/QC) program was maintained consistent with the Mining Standards Task Force recommendations of 1999. The program consisted of submitting duplicate, standard and blank samples. Rejects and pulps from a range of grades were submitted to a second accredited laboratory. QA/QC data is currently being analyzed

Qualified Person

The above information has been prepared under the supervision of Kevin Leonard, who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data. The field work is supervised by Kevin Leonard, the project "Qualified Person" under the definition of NI 43-101. Mr. Leonard is a consulting geologist with more than 25 years experience in gold exploration.

Halo Resources Ltd.

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. The Company is operated by an experienced management team and backed by a strong network of mining financiers. Currently the Company has a treasury of $5 million, to carry forward its operations. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects. Website: www.halores.com

ON BEHALF OF THE BOARD

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 and the United States Securities and Exchange Commission. Investors are cautioned that, except as disclosed in the materials to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo Resources Ltd. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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

Halo Resources Ltd. (TSX VENTURE:HLO) (OTC Bulletin Board:HLOSF) (FRANKFURT:HRL)