Mr. Marc Cernovitch reports

HALO COMPLETES $450,000 FINANCING

Halo Resources Ltd. has completed its financing announced in Stockwatch on Sept. 29, 2010, as amended in Stockwatch on Oct. 1, 2010, by issuing 1.8 million units at a price of 25 cents per unit for total gross proceeds of $450,000. Each unit comprised one common share of the company and one common share purchase warrant. Each warrant is exercisable to acquire one additional common share of the company for two years at a price of 35 cents per share. Finders' fees totalling $7,200 cash and 21,600 finder warrants were paid on a portion of the private placement. The finder warrants have the same terms as the private placement warrants.

All of the securities issued above are subject to a hold period expiring four months from date of issuance. Proceeds from the private placement will be used for exploration of the company's properties.