Halo Earns 60% Interest From Goldcorp at West Red Lake

Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) ("Halo" or the "Company")
is pleased to announce that it has exercised its option to acquire interests in
various claims referred to as the West Red Lake Property from Red Lake Gold
Mines Partnership (the "Partnership"), a partnership between Goldcorp Canada
Ltd. and Goldcorp Inc. (TSX:G)(NYSE:GG) ("Goldcorp").


Halo has expended the $3.25 million on exploration activities at the West Red
Lake property as required by the option agreements and has earned the following
interests in three groups of claims as shown on the accompanying map (To view,
please visit the following link: http://media3.marketwire.com/docs/hlo504i.jpg) 




1.  A 60% recorded interest in the Unpatented Property; and
      
2.  A 45% recorded interest in leasehold patent mining claims KRL47707 and
    KRL47708 (the "Seventy-Five Percent Claims"); and
      
3.  A 30% recorded interest in certain patented mining claims (the "Patented
    Property") located in the Red Lake District of Ontario. 



Goldcorp has advised Halo that it does not intend to exercise a back-in right.
Pursuant to the agreement Halo shall issue 100,000 fully paid and non-assessable
common shares of Halo.


"We are pleased to have reached this important milestone," stated Lynda Bloom,
Halo's President & CEO. "Halo is encouraged by the continued exploration success
in the West Red Lake area and plans to accelerate exploration with the help of
our partner." 


ON BEHALF OF THE BOARD OF DIRECTORS

Marc Cernovitch, Chairman

About Halo Resources Ltd.

Halo is a Canadian-based resource company focused on the acquisition of near
production base and precious base metal deposits. The Company's focus is the 200
sq. km. Sherridon VMS Property, a combination of mature and grassroots
volcanogenic massive sulphide (VMS) copper, zinc and gold exploration
opportunities. A 2010 NI 43-101 compliant copper-zinc resource, for four of the
known deposits in the district, is available at www.sedar.com. The Company has a
joint venture interest in the Duport Property, an advanced gold property near
Kenora, Ontario and is the operator for Goldcorp joint venture properties in
WestRedLake covering 26 sq. km. The Company is operated by an experienced
management team with a growth strategy to develop a diversified portfolio of
advanced mining projects.


Forward Looking Statements

This Company Press Release may contain certain "forward-looking" statements and
information relating to the Company that are based on the beliefs of the
Company's management as well as assumptions made by and information currently
available to the Company's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic conditions, customer
relations, relationships with vendors and strategic partners, the interest rate
environment, governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any one or
more of these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially from those
described herein.