The Jungle Lake deposit was discovered and drilled by HBED from 1958 to 1967. Historical resource estimates calculated by HBED on the Jungle Lake deposit are 3.4 million tonnes grading 1.42% copper and 1.1% zinc All resources stated in this press release are historical in nature. Although the resource estimations are believed to be reliable, they were calculated prior to the implementation of National Instrument 43-101. Halo and its Qualified Persons have not done sufficient work to reclassify the historical estimates as current mineral resources. Halo is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon. More recent estimates or data are not available to Halo.

Halo has the option to earn 100 percent interest in the Jungle Lake deposit from HBED through a series of cash and share payments and escalating work commitments as detailed in the option agreement.

Objectives

1. To confirm historical mineralized intervals reported by Hudson Bay in the 1950s,

2. To test the mineralized horizon down dip and test the limits of the historical resource envelope.

The Jungle Lake deposit was discovered and drilled by Hudson Bay from 1958 to 1967. Historical resource estimates calculated by Hudson Bay on the Jungle Lake deposit are 3.4 million tonnes grading 1.42% copper and 1.1% zinc.

Halo has the option to earn 100 percent interest in the Jungle Lake deposit from Hudson Bay through a series of cash and share payments and escalating work commitments as detailed in the option agreement.

This year, 3,242 metres of drilling in 15 diamond drill holes were completed at the Jungle Lake copper-zinc deposit. They confirm the near surface presence of massive sulphides and the drill program improved the opportunity for open-pit mining of the deposit. These results formed the basis of the NI43-101 resource estimate that is in preparation by Scott Wilson and expected by year end.

Significant assay results table.

               Drill hole locations

Recent Highlights

• 3,242 m of drilling in 15 drill holes completed May 2007

•  Better intersections include 7.7 m of 2.1% copper and 1.2% zinc within 55 m of surface

• New high grade zones extended mineralized lenses at depth

• Scott Wilson RPA preparing NI 43-101 report

• Confirmed historical grades and thicknesses

• Second phase of drilling based on NI 43-101 recommendations planned for Q1 2008

Background

• Discovered and drilled by Hudson Bay Exploration and Development Company Limited (HBED) from 1958 to 1967.

• Historical resource estimates calculated by HBED on the Jungle Lake deposit are 3.4 million tonnes grading 1.42% copper and 1.1% zinc *

• Mineralization in four en echelon lenses of massive pyrrhotite and pyrite with lesser amounts of chalcopyrite and sphalerite in blebs and stringers.

• Deposit has known east-west strike length of 365 m, average thickness of 5.6 m, dips 40 degrees north and occurs from surface to a known depth of 400 m.

•  Halo has the option to earn 100 percent interest in the Jungle Lake deposit from HBED.

*All resources stated are historical in nature. Although the resource estimations are believed to be reliable, they were calculated prior to the implementation of National
Instrument 43-101. Halo and its Qualified Persons have not done sufficient work to reclassify the historical estimates as current mineral resources. Halo is not treating
the historical estimates as current mineral resources and the historical estimates should not be relied upon. More recent estimates or data are not available to Halo.