Halo Announces 2012 Drill Programs

Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) ("Halo" or the "Company")
is pleased to announce that the Company and its joint venture partners plan
drill programs at the Company's Ontario and Manitoba projects.


A 2,400 meter drill program at the West Red Lake ("WRL") Property, northern
Ontario has commenced. The planned cost of the $1 million drill program will be
funded in part by Red Lake Gold Mines Partnership (RLGMP), a partnership between
Goldcorp Canada Ltd. and Goldcorp Inc. (TSX:G)(NYSE:GG). Halo and RLGMP are
60:40 joint venture partners on the 4,394 hectare WRL Property and RLGMP will
contribute to the work program to maintain its 40% interest. AurCrest Gold Inc.
(TSX VENTURE:AGO) which holds a 35% joint venture interest in the Bridget Lake
claims, contiguous with the WRL Property, has contributed its portion of the
drilling costs at Bridget Lake.


Approximately half of the drill program will test WRL Property 2010 geophysical
targets at Pancake Bay. Pancake Bay is underlain by gold-bearing chemical
metasediments that host most of the previously reported high grade gold
intersections. The remainder of the program will focus on gold mineralization in
the Bridget Lake area. In 2009 Halo intersected 7.1 g/t gold over 5.8 meters
(Hole RL08-009) which occurs between two exposed zones of visible gold
mineralization associated with narrow quartz veins on the shores of Bridget
Lake.


Halo has been advised by HudBay Mining and Smelting Co., Limited ("HudBay"), an
affiliate of HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM), of its intention to drill
approximately 6,500 meters on the West Sherridon Property, located 65 km
northeast of Flin Flon, Manitoba. The planned program of $2.2 million is part of
the expenditure obligations of HudBay to earn a 51% interest over three years
(see press release of October 19, 2011). It is anticipated that the drill
program will commence in May 2012 and will focus on targets developed from
compilation of existing data.


"Halo is looking forward to the results of the drill programs at both the
Ontario and Manitoba properties," said Marc Cernovitch, President and CEO. "Halo
retains a strong balance sheet and is examining additional options."


ON BEHALF OF THE BOARD OF DIRECTORS

Marc Cernovitch, President & CEO

About Halo Resources Ltd.

Halo is a Canadian-based resource company with base metal and gold assets. The
Sherridon VMS Property is a combination of mature and grassroots volcanogenic
massive sulphide (VMS) copper, zinc and gold exploration opportunities covering
over 20 square kilometers. A 2010 NI43-101 compliant copper-zinc resource, for
four of the known deposits in the district, included Indicated Resources of 6.5
million tonnes grading 0.85% copper and 1.22% zinc and Inferred Resources of
15.9 million tonnes grading 0.68% copper and 0.84 % zinc. HudBay holds options
on half of the Sherridon VMS Property to earn 51% and controls 19% of the
Company's shares. The Company has a joint venture interest in the Duport
Property, an advanced gold property near Kenora, Ontario and a 60:40 joint
venture partnership with Red Lake Gold Mines Partnership (RLGMP), a partnership
between Goldcorp Canada Ltd. and Goldcorp Inc. (TSX:G; NYSE: GG) at West Red
Lake covering 4,400 hectares. 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.
Halo Resources Ltd. (TSXV:HLO)
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