

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