Ralph Shearing is the president, CEO, and director of Soho Resources Corporation

Ralph Shearing is the president, CEO, and director of Soho Resources Corp. He is a seasoned geologist with a strong background, insight and knowledge of mineral deposits. Ralph graduated from the University of British Colombia in 1981 and he has been working in the metals exploration industry for almost thirty years.

Shearing started Soho Resources in 1987, a decade later the company acquired the rights to its premier project Tahuehueto, located in Northwest Durango, Mexico’s prolific Sierra Madre Mineral Belt. Shearing says of the project, “We’ve been working [Tahuehueto] very, very hard, since 2004 through 2008 and it has turned out well for us. We’re having great success at Tahuehueto and have produced a robust NI43-101 compliant mineral resource based upon 47,000 meters of drilling. ”

About Soho Resources

Soho Resources is a junior exploration and development company strategically focused on gold, silver and base metals. The company is listed on the Toronto Stock Exchange Venture Board (SOH.V) with just over 140 million shares issued.

 About 30% of the shares are owned by four Chinese investors, who are well-connected and determined to back the Tahuehueto project. According to Shearing, “[The Chinese investors] have been very helpful, saying they want to fund us right through to production on this project.”

Tahuehueto Mineral Exploration

In 2004 Soho Resources started an aggressive exploration program on the Tahuehueto project. The company spent approximately 18 million dollars on the exploration. They engineered the examination of 47,000 meters of diamond drilling, along with a small amount of reverse-circulation drilling.

The drilling was extremely fruitful, Shearing states, “We now have a resource of over 12 million tons, 60% of which is in the measured & indicated categories and the remaining 40% inferred.” These categories include gold, silver, zinc, lead, and copper.

Shearing describes the Tahuehueto mineral areas, “We have very wide and long structures, over 3 kilometers long and an average width of 4 or 5 meters. The mineralized zones can exceed 20 meters in width with high grade “bonanza” type material. We’re very excited about what we’re finding.” There are still eight known structures on the property that have not been explored yet and most likely numerous other undiscovered structures.

Shearing envisions an underground mine that handles up to 2,000 tons a day. He says that there is a small possibility of a starter open-pit, “...but the topography is extreme, the engineers will have to decide whether that can be done, or not.”

There are several examples of similar underground mines near Soho’s Tahuehueto in the Sierra Madre Mineral Belt such as Penoles underground poly-metallic mine, La Cienega about 50km south of Tahuehueto and Great Panthers Resource’s Topia Mine 20km south of Tahuehueto. La Cienega Mine produces around 2,000 tons of poly-metallic ore per day, and perhaps most similar to Soho’s Tahuehueto project.  Shearing envisions a similar mine as La Cienega operating at Soho’s Tahuehueto Project in the not too distant future.  “We have the tonnes and we have the grade that, in my opinion can support a long life mine.  Now we just need to complete the economic studies to prove profitability so that we can finance and build a mine at Tahuehueto” states Shearing.

Mining in Mexico

Soho Resources has been operating successfully in Mexico for over fifteen years. They have an established office there, and they ensure that the company conducts its exploration and development efforts up to world standards for environmental protection and community safety. Shearing feels that Mexico is one of the top places in the world for mineral exploration, “Mexico is ranked as one of the top five places in the world to explore and develop minerals.  We’ve been pleased with the level of support given by the government in Mexico, and with their enthusiasm extended towards Mineral exploration and mining development.”

Shearing is a native Canadian, but he has been working in Mexico since 1995. Shearing and Soho Resources Corp have experienced pleasant cooperation with the Durango, Mexico government, and locals. Shearing says, “The Durango State government supports our efforts, and we are currently in discussion with them exploring possibilities for their assistance in improving the project infrastructure by connecting Tahuehueto with a new access route via Topia, thereby connecting to a new State highway currently under construction that will, for the first time, give northwestern Durango State an economical access route to Mexico’s west coast.  A new access route for Tahuehueto will dramatically improve Tahuehueto’s future economics by markedly improving access to the State power grid near Topia and reducing Tahuehueto access route by as much as 100km.  It will also provide access to deep sea ports on Mexico’s west coast for future production concentrate sales if and when achieved.”

Tahuehueto Mineral Production

Soho Resources has targeted early 2010 to begin a preliminary economic assessment of the project to assess what steps are required to move Tahuehueto towards production. Shearing discerns that, with the new road, and subsequent positive economic studies, mineral production could start within the next few years.

The start date is somewhat dependent on how large the Tahuehueto mine turns out to be. It will be easier to begin production with a mine that yields 500 tons a day compared to a mine that yields 2,000 a day. The company is doing their best to create a low-cost, low investment-capital mine. To be cost effective, Shearing has been working with Soho’s Chinese investors to price out mills in China.

Other Projects

Soho Resources has recently acquired another exploration and mining project, close to Tahuehueto’s Durango location. This new project is located in Sinaloa State, Mexico and has never been explored using modern mining techniques.

Shearing pronounces, “We are planning to commence exploration and development of this project early in the New Year 2010. We’re confident that it’s an excellent prospect and expect to deliver a steady stream of positive news next year from our exploration efforts.”  Site visits have shown structures up to fourteen meters wide and full of high-grade silver, lead and zinc and lower 1-2 g/t gold values. Exploration of this project is planned to commence in January or February of 2010 starting with surface and underground mapping and sampling of the exposed zones followed with a diamond drill program of approximately 10 holes to test two of the high grade zones.

The Soho Resources Team

Soho Resources has a board of directors with strong technical and financial backgrounds. There are two financial advisors on the board, a highly trained accountant and one recent addition from Soho’s pool of Chinese investors.

Technical board members include Art Freeze, a well-known mineral development specialist, and geological engineer Bill Howald. Shearing speaks highly of Soho’s board, and he’s excited to add more members. “We will continue to build our team as the markets improve and we move the Company forward.” the CEO says.

Top Four Reasons to Invest in Soho Resources Corporation

1.   Due to recent market trends, Soho’s stock is currently highly undervalued. The stock is trading at around $0.07, $0.08 per share. Objective Capital, a UK based corporate research firm, values Soho’s stock at $0.35 a share under current conditions adding more value as company moves Tahuehueto through the economic study phase and positive exploration on new project.

2.   Chinese investors have taken a powerful interest in Soho’s projects and the company, owning about 20% of Soho on a fully diluted basis. Their formidable support means that many production materials can be sourced out of China at reduced capital costs and future funding opportunities from China are excellent.

3.   Soho’s reputable technical team is full of people with a proven track record of excellence in mining and resources development have built up a robust 12+million tonne NI43-101 compliant resource at Tahuehueto and could possibly repeat this on their new Jocuixtita Project.

4.   Soho’s long-standing relationship with the Mexican government and their expertise in the area allows them to make transactions with ease.

For more information:

Head Office

Soho Resources Corp.

Suite 250 - 1090 West Georgia Street

Vancouver, B.C. V6E 3V7

Telephone: 604.684.8071

Toll Free: 1 800.685.0576

Email: info@sohoresources.ca

http://www.sohoresources.ca

President & CEO

Mr. Ralph Shearing

Email: rshearing@sohoresources.ca

Investor Relations

Mr. Glen Sandwell

Email: ir@sohoresources.ca