VANCOUVER, British Columbia, June 20, 2005 (PRIMEZONE) -- Mr. Marc Cernovitch, President and CEO of Halo Resources Ltd. (TSX-V:HLO) (OTCBB:HLOSF) (FSE:HRL) is pleased to announce that it has augmented the Company's advisor Board with the addition of Mr. Ken R. Pride, P. Geo.
Mr. Pride is an exploration geologist with more than 30 years of experience spanning the globe in a wide range of geological environments and deposit-types. He is competent in several levels of exploration including regional early-stage mapping and geochemical surveys, target development, project and property evaluation, due diligence audits, geophysical interpretation, diamond drilling and resource definition. During 1997-2001, Mr. Pride was a global exploration manager with Cominco Ltd, a major international mining company. He has a strong background in strategic planning, exploration and business development, team leadership, synergy management, budget control and technical implementation. Mr. Pride has extensive Canadian and international exploration experience, recognizes international business opportunities, and adapts easily to cultural sensitivities as well as socio-economic and political challenges. Mr. Pride was successful in locating and developing base and precious metal targets in Australia, Canada, Iran, Indonesia, Mexico, Morocco, Namibia, South Africa, Saudi Arabia, Tunisia and Turkey. He has a proven track record for identifying early-stage exploration target - "plays" that can develop into significant projects with large, high grade reserves.
Halo Resources Ltd. (TSX-V:HLO) (OTCBB:HLOSF) (FSE:HRL) is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently, the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project with an ongoing drill program of up to 20,000 meters; Bachelor Lake, which is a gold exploration project with an ongoing 12,500 meter drill program; and a letter of intent regarding Quarter Moon, which is a grass roots gold project with a 2,000 meter drill program scheduled for the near future. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.
ON BEHALF OF THE BOARD "Marc Cernovitch" President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Except for the historical statements contained herein, this news release presents forward-looking statements that involve inherent risks and uncertainties. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they give no assurance that their expectations will be achieved. Certain risks and uncertainties inherent in the Company's operations include political, economic, environmental and geological issues, including but not limited to, the continued need for additional capital, the competition within the mining industry, and other risks detailed from time to time in the Company's periodic reports filed with the British Columbia Securities Commission and the United States Securities and Exchange Commission. Investors are cautioned that, except as disclosed in the materials to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Halo Resources Ltd. should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.