Soho Resources Corp. Revises Convertible Debenture Unit Private Placement

Soho Resources Corp. (TSX VENTURE:SOH) ("Soho" or the "Company") announces that
the terms of the transaction previously announced in the press release issued on
July 14, 2010 have changed as a result of comments received from the TSX Venture
Exchange.


The Company has arranged a non-brokered private placement of up to principal
amount $500,000 convertible debenture units ("Units") of the Company at a price
of $1,000 per Unit, each Unit consisting of a $1,000 principal amount of
convertible debentures (the "Convertible Debentures") and 20,000 transferable
common share purchase warrants ("Warrants"). Each Warrant is exercisable into
one common share in the capital of the Company ("Warrant Share") for a period of
two years from the date of issue, at an exercise price of $0.10 per Warrant
Share. It is expected that the offering will close in tranches, with the first
tranche of $225,000 scheduled to close immediately upon the receipt of TSX
Venture Exchange conditional acceptance to the terms of the offering.


The Convertible Debentures are unsecured, non interest-bearing and are
convertible into common shares of the Company from the date of issue, at the
option of the holder, at a price of $0.05 per common share. The conversion is
conditional upon the Company completing a consolidation of its share capital on
not less than a two for one basis or such other consolidation ratio as
recommended by the Company's board of directors and approved by shareholder at
the Company's next AGM to be held before mid October 2010.


In addition, the Company will pay to the holders of the Units a bonus of 20% of
the principal amount of the Convertible Debentures, payable in common shares of
the Company at an issue price of $0.05 per common share.


The proceeds of the private placement will be used for general working capital.

The private placement is subject to the approval of the TSX Venture Exchange.

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 Issued - 152,013,693

Last Close 2010/07/23 C$0.05