Mr. Marc Cernovitch reports

HALO EARNS 60% INTEREST FROM GOLDCORP AT WEST RED LAKE

Halo Resources Ltd. has exercised its option to acquire interests in various claims referred to as the West Red Lake property from Red Lake Gold Mines Partnership, a partnership between Goldcorp Canada Ltd. and Goldcorp Inc.

Halo has expended the $3.25-million on exploration activities at the West Red Lake property as required by the option agreements and has earned the following interests in three groups of claims:

• A 60-per-cent recorded interest in the unpatented property;
• A 45-per-cent recorded interest in leasehold patent mining claims KRL47707 and KRL47708 (the 75-per-cent claims);
• A 30-per-cent recorded interest in certain patented mining claims (the patented property) located in the Red Lake district of Ontario.

Goldcorp has advised Halo that it does not intend to exercise a back-in right. Pursuant to the agreement Halo shall issue 100,000 fully paid and non-assessable common shares of Halo.

"We are pleased to have reached this important milestone," stated Lynda Bloom, Halo's president and chief executive officer. "Halo is encouraged by the continued exploration success in the West Red Lake area and plans to accelerate exploration with the help of our partner."

We seek Safe Harbor.