Halo Reports up to 3.3% Copper and 8.6% Zinc Over 7.3 Meters

Halo Resources Ltd. (TSX VENTURE:HLO)  (FRANKFURT:HRLN) ("Halo" or the
"Company") is pleased to announce that Hudson Bay Mining and Smelting Co.,
Limited ("HudBay"), an affiliate of HudBay Minerals Inc. (TSX:HBM; NYSE:HBM),
has advised that it has completed the previously announced 1,400 meter drill
program at the Lost deposit to collect representative samples for metallurgical
test work. Assays for three holes have been reported, including one intersection
of 7.3 meters that averages 3.27% copper and 8.6% zinc with precious metal
credits (see table below).




------------------------------------------------------------------
                   From   Length   Copper   Zinc   Silver     Gold
Hole         Dip    (m)      (m)      (%)    (%)    (g/t)    (g/t)
------------------------------------------------------------------
HMET002      -50 100.26     3.94     0.35   1.86      4.6     0.86
                 100.26     0.64     0.70   3.66      7.0     0.25
                 103.65     0.55     1.49   8.98     25.0     5.67
                                                                  
HMET004      -45 105.22     7.32     3.27   8.60     33.7     1.67
                                                                  
HMET006      -56 139.94     0.21     2.54   2.54     34.0     0.29
------------------------------------------------------------------



"We continue to be impressed by the continuity of the high-grade, near surface
mineralization at Lost", said Lynda Bloom, Halo's President & CEO. "The
occasional gold "kick" is intriguing and will warrant further investigation at
Lost as well as along the Cold-Lost trend where Halo controls a 100% interest."


Assays are pending for the remaining 9 drill holes.

Background 

An option agreement announced December 21, 2009 allows HudBay to earn up to a
67.5% joint venture interest in a 1.1 square kilometer area of the 200 square
kilometer Sherridon VMS Property in Manitoba which hosts the Cold and Lost
mineralization. Drill programs in late 2009 and early 2010 generated
intersections of up to 2% copper and 6% zinc over 11.8 meters.  Preliminary
metallurgical sampling by Halo in 2009 returned copper and zinc recoveries in
batch cleaner flotation test work in the range of 85 to 88%. The primary
objective of the metallurgical test program will be to determine if saleable
copper and zinc concentrates can be produced using a flow sheet that is the same
or similar to that currently employed at the Flin Flon concentrator.


HudBay has awarded the metallurgical test program to Kamloops-based G & T
Metallurgical Services. Samples are expected to be received for metallurgical
testing in the next 4 to 6 weeks and results reported in early 2011. The
additional drill data will be used to refine the Lost resource model and
preliminary design concepts and, subject to satisfactory metallurgical test
results, will form the basis for a decision by HudBay to commence
pre-feasibility engineering by early 2011.


Technical Information

HudBay controlled all aspects of the drill program reported here including
logging, sampling, assaying and quality control.


Exploration core drilling was NQ size. The core was logged and mineralized
intersections were marked for sampling and assaying by geologists and
geotechnicians employed by HudBay's Hudson Bay Exploration and Development
Company Limited (HBED) subsidiary. The marked intersections or intervals were
sawn in half by a diamond saw and one half of the core was collected for
metallurgical sampling, while the second half was sawn to quartered core with
half placed in plastic bags and tagged with unique sample numbers and the other
quarter was returned to the core box and stored. Each bagged core sample was
transported to HudBay's Hudson Bay Mining and Smelting Co., Limited (HBMS)
subsidiary's assay laboratory in Flin Flon, Manitoba where it was dried, crushed
and pulverized and a 250-gram sample was prepared for assaying at Acme
Analytical Laboratories Ltd. ("Acme"), an independent company in Vancouver,
B.C., or the HBMS assay laboratory. From each 250 gram sample 0.25 grams was
removed and leached in aqua regia and analyzed by ICP-AES for Ag, Cu, Zn, As,
Pb, Ni and Fe. Also from the 250 gram sample, 30 grams was removed for gold
determination by fire assaying with an ICP-AES or gravimetric finish at Acme or
an Atomic Absorption or gravimetric finish at the HBMS laboratory. 


Assaying integrity is monitored internally with a quality control program, which
includes the use of assay sample standards, blanks, duplicates and repeats and
externally through national and international programs. In addition, within each
group of 20 core samples, one core sample has a second 250 gram split collected
that was check assayed at a different laboratory, either the HBMS laboratory in
Flin Flon or at Acme in Vancouver, B.C. This news release provides core lengths
and true widths are not provided. Where metal assays are provided for
intersections they are either a single assay of a sample of the entire
intersection length or a composite of assays calculated from interval weighted
assays over the intersection length. 


The above information has been prepared under the supervision of Lynda Bloom,
P.Geo., 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 OF DIRECTORS

"Marc Cernovitch" 

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 2008 NI43-101 compliant copper-zinc resource, for four of the
known deposits in the district, was completed in less than 18 months. The
Company has a joint venture interest in the Duport Property, an advanced gold
property near Kenora, Ontario and is the operator for several contiguous joint
venture properties in WestRedLake covering 45 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.
Halo Resources Ltd. (TSXV:HLO)
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