VANCOUVER, British Columbia, April 3, 2006 (PRIMEZONE) -- Habanero Resources Inc. (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) ("Habanero") is pleased to announce that it has been informed by the operator of the Peace River Oil Sands Prospect (announced November 17, 2005, 2.7 equity interest) that the seismic operations are now complete. The seismic data will now be interpreted and evaluated with the known geology and previously gathered information to determine the proceeding steps for the potential Oil Sands pilot project planned for this prospect.
Jason Gigliotti, President of Habanero Resources stated, "This is great to be achieving milestones on the Alberta Oil Sands projects that we are participating in. When you consider the ongoing activities that are occurring on the Alberta Oil Sands projects and the recently announced conventional drilling and couple these with the near all time highs on oil prices, clearly these are exciting times of growth for Habanero. As it stands, Habanero is one of if not the smallest market capitalized companies that has interests in two Alberta Oil Sands prospects."
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BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti"
Jason Gigliotti, President
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