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SOHO RESOURCES APPOINTS HALL STEWART VP OF EXPLORATION Mr. Frank Port reports, Between 1995 and 2006, Mr. Stewart has been involved in numerous discoveries in Mexico totaling 6.98 million ounces of gold-equivalent (calculated from gold and silver at a ratio of 1:55). His experience and exploration successes will benefit Soho Resources Corp. as it continues a $3.6-million drilling program to define resources at its 90%-held Tahuehueto poly-metallic epithermal vein project in Durango State, Mexico. While consulting for Bolnisi Gold N.L. in 2003, Mr. Stewart recommended the acquisition of the Palmarejo property in southern Chihuahua State, Mexico. Subsequently, Bolnisi’s 78% owned subsidiary, Palmarejo Silver and Gold Corp, PJO:TSX, has drilled more than 850 holes within the Palmarejo/Trogan project, resulting in measured and indicated resources, as of October 2006, of 14.5 million tones grading 2.08 g/t Au and 191 g/t Ag and inferred resources of 4.0 million tones grading 1.31g/t Au and 138 g/t Ag (or 3.09 million ounces of gold-equivalent). A separate inferred resource on the property at the Guadalupe Zone, contains 5.7 million tonnes grading 0.83 g/t Au and 106 g/t Ag for an additional 0.51 million ounces gold equivalent. (Gold equivalent ounces were calculated using a ratio of 55 oz Ag to 1 oz Au.) From 1996 to 2002, Mr. Stewart was Project Geologist for several exploration companies in the Ocampo district of Chihuahua State, including four years as Chief Geologist for Gammon Lake Resources Inc. The exploration programs carried out under his guidance culminated in the discovery of Measured and Indicated resources published in March 2001 of 21.7 million tonnes grading 1.44 grams gold and 57 grams silver per tonne and inferred resources of 5.8 million tonnes grading 1.72 grams gold and 86 grams silver per tonne or 2.33 million ounces of gold-equivalent). Gammon Lake has since significantly expanded these resources based largely on Mr. Stewart’s geological mapping programs and drilling recommendations. In the mid-1990s, Mr. Stewart was Project Geologist for Santa Cruz Gold Corp. at the Magistral property in Sinaloa State, Mexico. He managed field operations from the original sampling programs at the discovery stage, through the drilling of the first 625 holes. A 1996 pre-feasibility study included an inferred resource of 25 million tonnes grading 1.3 grams gold per tonne (1.05 million ounces). This was a historic resource as quoted and as such, is not a compliant resource under NP 43-101 standards. Mr. Stewart states “With Tahuehueto’s similarities to the La Cienega mine and district, operated by Peñoles’, Mexico’s largest mining company, I can see the potential for further discoveries at Soho’s Tahuehueto Project. I am looking forward to comparing and contrasting the style of mineralization already uncovered at Tahuehueto with that of the Palmarejo and Ocampo deposits. Tahuehueto is truly, a very exciting opportunity for myself and Soho’s shareholders.” Exploration programs to date at Soho Resources Corp’s Tahuehueto Project have confirmed the presence of at least 12 mineralized zones within a structurally controlled epithermal system traced over 6 km. A drilling program is under way to define resources at five priority zones, along with exploration programs to test other zones and targets at the 8,894 hectare Tahuehueto Project.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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