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SOH Soho Resources Corp.

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Share Name Share Symbol Market Type
Soho Resources Corp. TSXV:SOH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Soho Retains Merriman Capital to Pursue Listing on the OTCQX

19/04/2011 3:52pm

Marketwired Canada


Soho Resources Corp (TSX VENTURE:SOH) ("Soho" or the "Company") is pleased to
announce that the Company has retained financial services firm Merriman Capital,
Inc. to pursue a listing on the OTCQX. Soho currently trades on the TSX Venture
Exchange under the ticker symbol SOH and a dual listing on the OTCQX would
broaden the market to include investors in the United States.


The OTCQX is a premium market tier known within the industry for maintaining
rigid listing standards for growth oriented companies that trade on its
exchange. Pending approval, Soho's listing on the OTCQX is expected to be
completed during the second quarter of this year.


"With the enhanced U.S. based trading platform offered by the OTCQX, we are
pleased to be able to better serve our growing number of U.S. investors who are
following Soho Resources," said Ralph Shearing, President and CEO of Soho.


The OTCQX has earned a strong reputation for providing U.S. investors with
improved liquidity, transparency, superior information, and easy access through
their U.S. regulated broker-dealers, while Merriman's blend of investment
banking, equity research and financial marketing services has a proven track
record of success in elevating the profile of their client companies. "We are
looking forward to higher visibility in the largest market in the world and look
forward to working with Merriman Capital in this regard." Merriman Capital, Inc.
is a wholly-owned subsidiary of Merriman Holdings, Inc. (NASDAQ:MERR; Member
FINRA/SIPC); for further information, please visit their website at
www.merrimanco.com.


About Soho Resources Corp

Soho Resources Corp. is an exploration and development company strategically
focused on gold, silver and base metals in the prolific Sierra Madre Belt of
Mexico.


The Company has been conducting an exploration and drilling program to expand
and upgrade its resources at its flagship Tahuehueto Project in Durango State
and on October 4, 2010 announced the results of a Preliminary Economic
Assessment ("PEA") completed by Snowden Mining Industry Consultants Inc. Key
findings from the report included:




---------------------------------------------------------------------------
                          Summary of PEA Estimates                         
---------------------------------------------------------------------------
Net cash flow                                $US 184.2 million             
---------------------------------------------------------------------------
Net present value (NPV) 5% discount          $US 109.6 million             
---------------------------------------------------------------------------
Internal rate of return %                    31%                           
---------------------------------------------------------------------------
Payback period (months)                      27                            
---------------------------------------------------------------------------
Mine life (years)                            11                            
---------------------------------------------------------------------------
Maximum processing rate (tonnes/annum)       1,000,000                     
---------------------------------------------------------------------------
Capital and start-up costs                   $US 89.1 million              
---------------------------------------------------------------------------
Note: Calculations based on these 3 year rolling average metal prices as of
the end of August 2010.  Currency - $US                                    
                                                                           
Gold 965.81, Silver 15.38, Copper 2.92, Lead 0.95, Zinc 0.88               



The Tahuehueto Project is a classic epithermal system hosting multiple
structures traced for up to six kilometers of strike length. Considerable upside
exploration potential remains on the existing explored resource structures both
down dip and along strike, as well as on numerous other unexplored mineralized
structures.


Qualified Persons

This press release was prepared under the supervision and review of Ralph
Shearing, President and CEO of Soho Resources Corp., a Licensed Geologist, and
Qualified Person as defined by NI 43-101.


Definitions used in this release are consistent with those adopted by the
Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Council in
December 2005, as amended, and prescribed by the Canadian Securities
Administrator's National Instrument 43-101 and Form 43-101F1, Standards of
Disclosure for Mineral Projects. Mineral resources are not mineral reserves and
do not have demonstrated economic viability.


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 - 185,533,676

Last Close $0.10 - April 18, 2011

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