"The Lost Lake massive sulphides have been intersected in drill holes over a strike length of 500 m with some of the better grades and thicknesses reported for northerly drill sections. The potential to expand the deposit an additional 250 m is an exceptional opportunity particularly with such strong evidence that the deposit extends to surface with consistent high zinc grades," says Lynda Bloom. "The expanded Lost Lake zone will be a high priority winter drill target."

A NI43-101 compliant report is in progress to report on resource calculations for the Sherridon VMS Property Cold, Lost and Bob Lake deposits; a NI43-101 compliant resource calculation for Jungle Lake was issued in January 2008.

The above information has been prepared under the supervision of Stephen MacConnell, who is designated as a "Qualified Person" with the ability and authority to verify the authenticity and validity of the data.

ON BEHALF OF THE BOARD

Lynda Bloom, President and CEO

About the Sherridon VMS Property

The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from 1933 to 1950 and produced 7.7 million tonnes of ore with recovered grades of 2.46% copper and 0.8% zinc. Results from an airborne geophysical survey completed in the summer of 2006 identified an additional 122 targets. Over 28,000 m of diamond drilling have been completed since November 2006 and drilling continues year-round. A NI43-101 compliant resource estimate for the Sherridon Jungle Lake Zone has been filed on SEDAR and resource calculations are planned for the nearby Cold, Lost and Bob Zones. The property is located only 70 km northeast of the mining and metallurgical complex in Flin Flon operated by HudBay Minerals Inc. Future development of the property is facilitated by the presence of an all-weather road and railroad access as well as a power line and communications tower.

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.

This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involves inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.

SOURCE: Halo Resources Ltd.

Halo Resources Ltd.
Lynda Bloom
President & CEO
(416) 368-7045 or Toll Free: 1-866-841-0068
Email: lbloom@halores.com
Halo Resources Ltd.
Marc Cernovitch
Chairman
(416) 368-7045 or Toll Free: 1-866-841-0068
(416) 368-9805 (FAX)
Website: www.halores.com

In addition, spring run-off water sampling was completed to begin environmental baseline studies as part of an eventual permitting process. Water sampling, as well as biota studies, will be carried out seasonally throughout 2008.

A NI43-101 compliant report is in progress to report on resource calculations for Cold, Lost and Bob Lakes; a NI43-101 compliant resource calculation for Jungle Lake was reported in January 2008.

ON BEHALF OF THE BOARD

Lynda Bloom, President and CEO

About the Sherridon VMS Property

The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from 1933 to 1950 and produced 7.7 million ones of ore with recovered grades of 2.46% copper and 0.8% zinc. Results from an airborne geophysical survey completed in the summer of 2006 identified an additional 122 targets. Over 25,000 m of diamond drilling have been completed since November 2006 and drilling continues year-round. A NI43-101 compliant resource estimate for the Sherridon Jungle Lake Zone has been filed on SEDAR and resource calculations are planned for the nearby Cold, Lost and Bob Zones. The property is located only 70 km northeast of the mining and metallurgical complex in Flin Flon operated by HudBay Minerals Inc. Future development of the property is facilitated by the presence of an all-weather road and railroad access as well as a power line and communications tower.

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.

This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.

SOURCE: Halo Resources Ltd.

Halo Resources Ltd.
Lynda Bloom
President & CEO
(416) 368-7045 or Toll Free: 1-866-841-0068
Email: lbloom@halores.com
Halo Resources Ltd.
Marc Cernovitch
Chairman
(416) 368-7045 or Toll Free: 1-866-841-0068
(416) 368-9805 (FAX)
Website: www.halores.com

"We have now successfully consolidated an important land package in the prolific Red Lake Mining Division by initiating joint ventures with both Rubicon and Tribute Minerals," says Lynda Bloom. "Assays are pending for a 10-hole drill program has just been completed at the West Middle Bay and North Bridget Lake zones on the WRL joint venture property. The results of the drill program and ongoing field work will define additional targets on the land package that has been consolidated for the first time in 75 years."

Pursuant to the Letter Agreement, Halo has a First Option to earn a 60% interest by making payments of $120,000 over four years, issuance of 50,000 common shares on signing and on the exercise of the option and work expenditures of $1,000,000 over four years as follows:

i) Cash Payments

Year 1 (before July 31, 2008)      $  20,000 Firm and binding commitment
Year 2 (before July 31, 2009)      $  20,000
Year 3 (before July 31, 2010)      $  40,000
Year 4 (before July 31, 2011)      $  40,000
                                   ---------
TOTAL                              $ 120,000

Note: Halo has the option to pay up to 50% of the amount in shares at Halo's option.

ii) Share Payments

1) 50,000 Halo shares, on the later of: a) within 10 days of the Execution Date or, b) within 3 days of receipt of regulatory approval, and

2) 50,000 Halo shares, on the later of: a) prior to the end of Year 4 of the agreement (before July 31, 2011) or, b) within 3 days of receipt of regulatory approval

iii)Work Commitments

Year 1 (before July 31, 2009)      $  75,000 Firm and binding commitment
Year 2 (before July 31, 2010)      $ 225,000
Year 3 (before July 31, 2011)      $ 300,000
Year 4 (before July 31, 2012)      $ 400,000

Upon completion of the First Option, the companies will form a joint venture and Halo has the option to earn an additional 15% interest in the property for a total 75% interest by continuing the necessary work commitments to maintain the property in good standing and by delivering to Rubicon a Bankable Feasibility Study.

All payment of shares is subject to regulatory approvals.

NOTE: To view the map associated with this release, please click the following link: http://media3.marketwire.com/docs/hlo0729.pdf

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; West Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.

This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.

SOURCE: Halo Resources Ltd.

Halo Resources Ltd.
Lynda Bloom
President & CEO
(416) 368-7045 or Toll Free: 1-866-841-0068
Email: lbloom@halores.com
Halo Resources Ltd.
Marc Cernovitch
Chairman
(416) 368-7045 or Toll Free: 1-866-841-0068
(416) 368-9805 (FAX)
Website: www.halores.com

If you are unable to participate during the live webcast, the call will be available for replay at www.investorcalendar.com/ClientPage.asp?ID=131258 or http://www.investorcalendar.com/

Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.

SOURCE: Halo Resources Ltd.

PrecisionIR Group
Jim Glover
(804) 327-3412
Email: jglover@precisionir.com