Soho Resources Corp. Non-Brokered Private Placement

Soho Resources Corp. (TSX VENTURE:SOH) ("Soho" or the "Company") announces that
it has arranged a non-brokered private placement of up to 30,000,000 units of
the Company. Each unit is priced at $0.10 per unit, resulting in gross proceeds
of up to $3,000,000. Each unit is comprised of one common share of the Company
and one half of a share-purchase warrant. Each one whole share purchase warrant
entitles the holder thereof to purchase one additional common share of the
Company at $0.15 within one year of its date of issuance. The Company also
reserves an overallotment option of up to 4,500,000 units, being 15% of the
offering. 


Finder's fees calculated in accordance with TSX Venture Exchange guidelines are
payable on a portion of the placement.


All securities issued under the non-brokered private placement are subject to a
hold period expiring four months and one day after the closing date. Closing of
the Private Placement is subject to approval of the TSX Venture Exchange.


USE OF PROCEEDS 

Approximately $1.5 million will be used to commence collection of data to
advance the Tahuehueto Project into pre-feasibility studies. Work will consist
of one or more of the following initiatives:




--  geotechnical slope stability drilling at the Cinco de Mayo zone in order
    to prove stability of the cliff face above the zone so that the zone may
    be brought into the open-pit mining plan 

--  core drilling within the resource zones as required in order to increase
    confidence of the inferred resource into measured and indicated
    resources as required for pre-feasibility and feasibility studies. 

--  collection of environmental data necessary for pre-feasibility and
    feasibility studies for future mine planning 



Approximately $400,000 will be used to fund a preliminary exploration program on
the Jocuixtita Project. This program would include:




--  initial surface work of geological mapping, trenching and possibly
    geophysics 

--  a diamond drilling program in order to test the principal zone(s) on the
    Project strongly mineralized in silver, lead and zinc. 



Approximately $1.1 million will be used for general and administrative corporate
purposes including, a marketing program within North America and Europe, the
whole or partial repayment of certain convertible loans (loans announced on July
26, 2010), and ongoing working capital.


ON BEHALF OF THE BOARD OF DIRECTORS 

Ralph Shearing, Chief Executive Officer 

WARNING: The Company relies upon litigation protection for "forward-looking"
statements. This News Release may contain forward-looking statements including
but not limited to comments regarding the timing and content of up-coming work
programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Soho Resources Corp. relies upon litigation protection for
forward-looking statements.

Soho Resources Corp. (TSXV:SOH)
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