VANCOUVER, British Columbia, Nov. 15, 2005 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) is extremely pleased to announce that it has now attained a fully quoted USA listing. Habanero will now show real time live bid and ask quotations under the symbol HBNRF. At this time, the real-time trades that occur will be posted at the end of the trading day according to NASD rules. Habanero now is trading on three major markets in North America and Europe. These new listings cause no additional dilution to Habanero. They only provide additional markets to trade Habanero's shares on, for individual and institutional investors, which may be better suited for them.
Jason Gigliotti, President of Habanero stated, "This is great news for Habanero's shareholders. Habanero now is fully trading on three major markets. This will add tremendous value to Habanero as more potential new individual and institutional investors will have an opportunity to trade the shares on an exchange that is best suited for them. These new listings cause no additional dilution to Habanero. Over time Habanero could trade greater volume on the foreign exchanges than it does now on the TSX Venture. When you consider that we are in the best financial shape the company has been in for many years and that we are negotiating on multiple 'blue sky or home run type' projects, including an oil sands project right now, this is clearly one of the most important and exciting period of growth for Habanero Resources. We are hoping to have a final decision on one or more of these prospects within the next 7-14 days."
Habanero is currently in negotiations on multiple new prospects, including an oil sands project (press release dated October 18, 2005). A decision on one or more of these prospects is expected shortly. Habanero has sufficient funds in the bank to cover the costs of these new prospects that are being evaluated without having to cause any additional dilution to Habanero. There is no guarantee that any of these deals will be completed.
Habanero has two more fully paid wells to complete on the Martex Prospect in Texas. Habanero has already had 5 out of 5 wells drilled successfully on this prospect. Habanero anticipates these two wells be completed in the fourth quarter of 2005.
Habanero was recently notified by Liberty Fund Management that it will be part of the Liberty Micro-Cap Oil & Gas Index (press release dated September 19, 2005). According to a Liberty Fund Management news release dated September 19, 2005, "Liberty Fund Management will be launching the world's first, micro-cap Oil & Gas index on September 30, 2005 . . . The portfolio manager of the Liberty Micro-Cap Oil & Gas Index Fund will be Richard Johnston, MBA, and CFA whom previously was the Chief Investment Officer for a CDN $6.5 billion pension fund. There will be approximately two hundred companies, including HABANERO RESOURCES, in the index. The collective market cap of all of the companies in the index is approximately CDN $4 billion. The objective of the fund is to provide large cap investors with a way to get exposure to the higher rates of return that micro-cap equities offer, while minimizing some of the volatility and liquidity problems that accompany micro-cap companies."
Habanero has also launched a new website, which is still located at www.habaneroresources.com.
Habanero is an emerging junior oil and gas company focused on high reward, low risk oil and gas exploration and production in North America. Habanero's goal is to become a mid range oil and gas producer. Habanero currently earns oil and gas revenue from 15 wells located on multiple oil and gas fields located in Texas, Saskatchewan and Alberta.
If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources.com requesting to be added.
BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti" Jason Gigliotti, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.