Mr. Marc Cernovitch reports

HALO ANNOUNCES CND$500,500 FINANCING

Halo Resources Ltd. has completed the first tranche of its non-brokered private placement, announced in Stockwatch on Feb. 17, 2011, by issuing 640,000 flow-through units at a price of 55 cents per FT unit for gross proceeds of $352,000. Each FT unit comprises one common share of the company issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one additional non-flow-through common share of the company at any time for a two-year period following issuance, at an exercise price of 70 cents per share.

A finder's fee of $21,175.75 was paid on a portion of this closing. All securities issued in the private placement are subject to a four-month hold period expiring in July, 2011.

The funds from the private placement will be used for exploration of the company's properties.

We seek Safe Harbor.