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Soho Resources appoints Barry Clark as executive VP of corporate development

Soho Resources (CVE:SOH) announced Tuesday its board of directors has appointed Barry Clark to the role of executive vice president of corporate development.

Clark began his financial career in 1984 with EF Hutton as a retail stock broker, where he has first in the country for opening new accounts and generating gross commissions.

Over the last ten years, Clark has had tenure on Madison Avenue with New York Private Placement Exchange, he has worked on investment banking deals with SPTW Inc, he has served as managing director and owner/operator of a micro-cap investor relations firm, and has held a Montana real estate license during his time as investor and realtor with Dean Leininger Real Estate.

Soho's president and CEO Ralph Shearing said: "[Clark's] support will aid the company in the next step of building relationships in the investment community in our efforts to provide shareholders with the maximum value."

In October, Soho received a "buy" rating from Merriman Capital. Analyst and VP Jesse Herrick said he sees near-term share price expansion as the company "aggressively develops" its Tahuehueto project in Durango State.

The primary 9,081 hectare gold and silver property has shown significant NI 43-101 compliant resources, with notable gold and silver mineralization, along with associated base metals.

In early September, Soho reported "positive" results from the first of a two-phase engineering assessment program at Tahuehueto.

Herrick calculated that taking into account recent pricing, the net present value for Tahuehueto has tripled to $353.5 million from the $109.6 million Soho published in its preliminary economic assessment in October 2010.

Vancouver-headquartered Soho has also recently begun exploration on its newer Jocuinxtita silver project, which consists of eleven contiguous mining concessions covering a cumulative area of 4,103 hectares in Sinaloa, Mexico.

On the TSX-Venture, Soho shares traded flat at $0.04, as of 12:52 pm EDT.