Halo Resources provides updates

Halo Resources Ltd. announces that additional drilling at the Lost Lake deposit, northern Manitoba has demonstrated continuity of the copper-zinc mineralization over a strike length of 500 m with persistent high grades. Grades of 1.6% copper and 4.9% zinc over 5.1 m for hole DH07-55 and mineralized intervals in DH07-56 were previously reported (see press release October 24, 2007). Drill hole 07-76, drilled midway between these holes returned several significant intervals with up to 2.36% copper and 2.6% zinc over 1.5 m. Drill hole 07-77, drilled 100 m northwest of 07-55 included an important zone assaying 1.6% copper and 5.6% zinc over 3.6 m.

Highlights

- Halo intersects 3.5 m of 1.6% copper and 5.6% zinc at 92.3 m in DH07-77

- DH07-77 confirms continuity of Lost Lake zone along strike

Lost Lake was a major discovery for Halo in 2007 and follow up drilling confirms that this is an area of enhanced copper and zinc grades, says Lynda Bloom, President & CEO. We are investigating the continuity of the Lost Lake mineralization over a strike length of 800 m as well as the depth potential. This horizon, which apparently extends north through Cold Lake, is parallel to the one that hosts the past-producing Sherridon mine and looks to be equally prospective and near-surface.

The second phase of drilling at Lost Lake included a total of 3,008 m in 15 holes with assays pending for holes not reported here. The Lost Lake Zone is 100%-owned by Halo Resources and is located within 4 km of four other known deposits, including the Cold Lake, Bob Lake, Jungle Lake and Park Lake deposits.

Two diamond drill rigs are testing several new targets along the Bob Lake mineralized horizon as well as extensions of the Bob Lake and Jungle Lake deposits.