Soho Resources Corp. and Huntford Resources Corporation Hold Annual and Special Meeting of Shareholders

Vancouver, B.C., CANADA

VANCOUVER, British Columbia, Sept. 4, 2001 (PRIMEZONE) -- Soho Resources Corp. ("Soho" or the "Company") (CDNX:SOH) is pleased to announce that Denver-based Huntford Resources Corporation ("Huntford"), on Aug. 30, 2001, received unanimous shareholder approval to complete the Soho-Huntford Arrangement Agreement whereby Huntford will become a wholly owned subsidiary of Soho. (Please refer to Soho's press release No. 22-1 issued Aug. 16, 2001, for detailed information regarding the Arrangement Agreement.)

Soho Meeting

On Aug. 31, 2001, Soho held its Annual General and Extraordinary Meeting of Shareholders. Mr. Ralph Shearing, Mr. Steven Tedesco, Mr. Robert Brown, Mr. John Anderson and Mr. Matt Duford were elected to Soho's board of directors for the ensuing year. Mr John Marr, for personal reasons, withdrew his nomination from the slate of directors. Accordingly the Company's board of directors was set at five. The Company would like to thank Mr. Marr for his long association and wish him the best in his future endeavors. Davidson & Company Charted Accountants were re-appointed to serve as the Company's auditor for the ensuing year.

Adjournment of Soho Meeting

Three special matters of business were not addressed at the meeting. These matters involved the approval of the plan of arrangement with Huntford Resources Corporation, the approval of changing the Company's name and the approval of an amendment to the Company's stock option plan. Since these matters involve the review and consideration of many detailed facts as outlined in Soho and Huntford's Joint Management Information Circular, management believes that Soho's shareholders will benefit from an adjournment of the meeting for seven days. This adjournment will provide shareholders with additional time to review and consider the joint information circular. Consequently, a motion was passed that the meeting be adjourned until 10 a.m. on Sept. 7, 2001 at No. 1020 - 510 Burrard Street, Vancouver, British Columbia Canada. Soho is pleased to report that votes cast, as of Aug. 31, 2001, by its shareholders on the special matter of the Plan of Arrangement are overwhelmingly in favor (99.91%) of completing the Soho-Huntford share exchange. Final results of this vote will be announced immediately after the close of the adjourned meeting.

Soho anticipates completing the Soho-Huntford Plan of Arrangement, whereby Huntford will become a wholly owned subsidiary of Soho after concluding the adjourned meeting and obtaining the approval of the Canadian Venture Exchange and the Supreme Court of British Columbia.

About Soho Resources Corp.

Soho Resources is an oil and gas exploration company actively exploring prospects in the Uintah and Williston Basins in the United States, and in the Michigan Basin of Canada. Both directly and indirectly through Huntford, Soho holds varying interests in four projects, including the producing Quest project in Utah (3% to 21.4% interest), the 80,000-acre Sundance project in North Dakota (37.5% interest), the Phoenix Project in southern Ontario (100% interest) and the Wolverine Prospect in North Dakota (100% interest).

Note: The Canadian Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.


Contact Data