Healios KK Ord Shs HLOSF

Halo Reveals Thicker, High Grade Zone

[MoneySapiens]

Halo & Metanor Drilling Reveals Thicker, High-Grade, Potential Bulk Mining Areas at Bachelor Lake Gold Project Ticker Symbol: HLOSF MTO HLO FWB:HRL VAL-D'OR, Quebec -- (Business Wire) -- Aug. 17, 2005 Marc Cernovitch, President & CEO of Halo Resources Ltd. (TSX VENTURE:HLO)(OTCBB:HLOSF)(FSE:HRL) & Serge Roy, President & CEO of Metanor Resources Inc. (TSX VENTURE:MTO) are pleased to announce new results from the recently completed 13,346m underground drilling program at Bachelor Lake, Quebec. Significant assay results were returned from both lateral and deep extensions (below Level 12) of the "Main", "A" and "B" mineralized zones (see also Press Release of May 26, June 8, June 23, July 13, August 2, and August 3, 2005). ¶ Interpretation of drill data indicate a significant increase in both gold values and mineralized thickness, in particular where the B Zone is intersected by the crosscutting A Zone. A pattern is beginning to develop whereby the intersection of these structures may be predictable. Future drilling will test this hypothesis, as the recognition of zones of structural dilatency together with the corresponding elevated gold mineralization may have a positive impact on project economics. ¶ Recent drill results have also confirmed the extension of known resources into the recently acquired Hewfran property west of Bachelor Lake. This area remains highly prospective and the potential to further extend the known Bachelor Lake gold resource beyond the Hewfran East deposit to the Hewfran West mineralization deposit remains untested. Data acquired from this area is currently being integrated into the Bachelor Lake data base. ¶ Highlights of the latest drill results are from below Level 12 and are listed below: -0- *T Bachelor Lake "Main Zone": - 12.35 g/t Au over 2.80 m contained within 7.97 g/t Au over 5.35 m (hole 12-80); - 8.07 g/t Au over 5.05 m contained within 7.30 g/t Au over 5.80 m (hole 12-89); - 15.64 g/t Au over 1.95 m and 13.49 g/t Au over 1.90 m contained within 6.97 g/t Au over 9.85m (hole 12-102); - 26.50 g/t Au over 2.75 m contained within 11.28 g/t Au over 6.75 m (hole 12-106); - 25.12 g/t Au over 1.95 m contained within 10.23 g/t Au over 5.60 m (hole 12-112); - 7.93 g/t Au over 2.25 m contained within 5.10 g/t Au over 8.55 m (hole 12-114). Bachelor Lake "A Zone": - 6.70 g/t Au over 2.35 m (hole 12-69); - 7.43 g/t Au over 0.55 m (hole 12-85). Bachelor Lake "B Zone": - 9.50 g/t Au over 3.10 m (hole 12-69); - 7.92 g/t Au over 3.00 m (hole 12-70); - 6.01 g/t Au over 1.10 m (hole 12-79); - 14.26 g/t Au over 4.10 m contained within 9.12 g/t Au over 8.00 m (hole 12-83); - 5.69 g/t Au over 3.05 m (hole 12-87); - 7.90 g/t Au over 1.20 m (hole 12-87); - 14.90 g/t Au over 3.65 m (hole 12-90); - 12.48 g/t Au over 6.05 m contained within 10.37 g/t Au over 7.80 m (hole 12-93); - 9.03 g/t Au over 2.35 m (hole 12-100); - 6.33 g/t Au over 2.15 m (hole 12-108); - 15.40 g/t Au over 2.40 m contained within 6.75 g/t Au over 6.00 m (hole 12-110); - 8.93 g/t Au over 1.90 m (hole 12-112); - 7.40 g/t Au over 7.05 m (hole 12-114).