Halo Earns $1.2 Million for NSR Interest

Lynda Bloom, President and CEO of Halo Resources Ltd. ("Halo", the "Company")
(TSX VENTURE:HLO)(FRANKFURT:HRLN) is pleased to announce the sale of its net
smelter return ("NSR") interest in the Bachelor Lake Mine properties held by
Metanor Resources Inc. ("Metanor").


Halo acquired a 1% NSR in the Bachelor Lake Mine properties in 2007 and Metanor
retains the right to purchase a 1/2% NSR for $500,000 within 18 months of the
commencement of commercial production. Metanor has increased the capacity of the
Bachelor Lake mill to an estimated 1,200 tonnes per day but production has not
yet commenced from the underground areas of the Bachelor Lake mine where Halo's
NSR would apply. In a press release dated January 4, 2011 Metanor announced
Proven and Probable underground reserves of 200,177 ounces of gold (using a
cut-off grade of 3.43 g/t and assuming 843,772 tonnes at 7.38 g/t gold).


Gold Royalties Corporation ("Gold Royalties"), a Calgary-based income-oriented
royalty company has acquired the 1% NSR for a purchase price of $1.2 million.
Gold Royalties has also agreed to pay Halo 40% of the value of any NSR payments
paid for more than 200,000 ounces of gold (or gold equivalent ounces) less
normal commercial charges (smelter penalties, transportation, insurance, etc.).


ON BEHALF OF THE BOARD OF DIRECTORS

Marc Cernovitch, Chairman

About Gold Royalties Corporation

Gold Royalties Corporation is an income-oriented royalty company that acquires
and manages precious metals royalties with particular focus on early-stage NSRs
and pre-production metal stream assets. For more information, please visit
www.GoldRoyalties.ca.


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 main 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. The Company has a joint venture interest in the Duport Property,
an advanced gold property near Kenora, Ontario and is the operator for
contiguous joint venture properties in West Red Lake 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.

Halo Resources Ltd. (TSXV:HLO)
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