Halo Increases West Red Lake Claim Position

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TORONTO, ONTARIO--(Marketwire - June 7, 2011) - Lynda Bloom, President and CEO of Halo Resources Ltd. ("Halo", the "Company") (TSX VENTURE:HLO - News; FRANKFURT:HRLN - News) is pleased to announce the expansion of the West Red Lake property area contiguous with claims held in joint venture with both Red Lake Gold Mines Partnership (RLGMP), a partnership between Goldcorp Canada Ltd. and Goldcorp Inc. (TSX:G - News; NYSE:GG - News; "Goldcorp").

A total of 7 new claims, covering a total of 642 hectares have been staked and recorded. The claims are held 60% by Halo, 40% RLGMP and cover an area of sheared felsic volcanics, that also host the 1930s-era Miles Red Lake and May-Spiers Gold Mines (see following map, http://media3.marketwire.com/docs/hlo0607.pdf). The joint venture property package has been increased by 20 percent to a total of 3,472 ha.

"Halo has further expanded its land position in an area with numerous historical gold showings and the focus of our last four years of exploration", says Lynda Bloom, President and CEO. "We look forward to the summer work program and defining the next round of drill targets".

Almost 60 line-kilometers of the winter Induced Polarization and magnetics geophysical surveys have been completed. The surveys have been designed to identify additional drill targets over a 2 kilometer strike length west of Bridget Lake within the same package of gold-bearing chemical metasediments that host the most recent high grade gold intersections. The area along the northwest shore of Trout Bay adjacent to the terrane-bounding fault that separates the Ball assemblage from the Trout Bay assemblage is proposed as a highly prospective location for further field work and drilling.

ON BEHALF OF THE BOARD OF DIRECTORS

Marc Cernovitch, Chairman

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.

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.

416-742-5600 or Toll Free: 1-866-580-8891
First Canadian Capital Corp.
ir@halores.com
www.halores.com