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File: Halo PR $500K FT PP (1st tranche closing) Mar 14 2011.docx

HALO ANNOUNCES CND$500,500 FINANCING

Toronto, Ontario, March 14, 2011 - Halo Resources Ltd. (TSXV:HLO; FSE:HRLN) ("Halo" or the "Company) is pleased to ann
--->ounce that it has completed the first tranche of its non-brokered private placement (the "Private Placement"), announc
--->ed on February 17, 2011, by issuing 640,000 flow-through units ("FT Units") at a price of $0.55 per FT Unit for gross 
--->proceeds of $352,000. Each FT Unit comprised one common share of the Company issued on a "flow-through" basis under th
--->e Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each who
--->le 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 $0.70 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 ar
--->e 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.



ON BEHALF OF THE BOARD OF DIRECTORS
"Marc Cernovitch"
Marc Cernovitch
Chairman

For further information, please contact:
Michael Joyner, IR						or  First Canadian Capital Corp
Telephone: 416-619-7539 Fax: 416-601-9046 			Tel: 416-742-5600
Email: ir@halores.com						Toll Free: 1-866-580-8891


About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal d
--->eposits.  The Company's focus is the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots volcan
--->ogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities.  The Company has a joint venture intere
--->st in the Duport Property, an advanced gold property near Kenora, Ontario and is the operator for contiguous joint ven
--->ture 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 th
--->at are based on the beliefs of the Company's management as well as assumptions made by and information currently avail
--->able 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 supervi
--->sion, seasonality, technological change, changes in industry practices, and one-time events.  Should any one or more o
--->f these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may v
--->ary materially from those described herein.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.