VANCOUVER, British Columbia, Sept. 21, 2005 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Other OTC:HBNRF) (TSX-V:HAO) is extremely pleased to announce that it has been notified by Liberty Fund Management that Habanero will be part of the Liberty Micro-Cap Oil and Gas index. According to a Liberty Fund Management's news release on September 20, 2005, "Liberty Fund Management will be launching the world's first, micro-cap Oil and Gas index on September 30, 2005 . . . The portfolio manager of the Liberty Micro-Cap Oil and 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."
Jason Gigliotti, president of Habanero stated, "This is absolutely great news for Habanero. Habanero has never had any brokerage or institutional coverage until today. To now have this kind of institutional coverage will add third party recognition to what we are trying to accomplish in growing the company. Habanero is currently in the best financial shape it has been in over the past five years at a time when oil and gas prices are near all time highs. We have no long-term debt, over $500,000 in the bank, and we are only weeks away from achieving a fully quoted U.S. listing, and commencing multiple oil and gas projects. This is an exciting time for Habanero's management and shareholders as this new institutional following will aid Habanero in getting its story out to a much larger audience."
Habanero has initiated the listing procedure to become listed on the Pink Sheets as first announced in the press release dated September 15, 2005. Habanero currently only has a clearing symbol on the Pink Sheets. At this time, approximately 99% of Habanero's volume is traded on the TSX Venture Exchange in Canada. Habanero has been advised by counsel that the listing process should be completed within the next 3-5 weeks.
The Martex Prospect in Texas is expected to recommence operations within the next few weeks. Habanero is waiting for a rig to move onto the location once the rig has finished on its current well.
Habanero has been informed by the new operator of the Enchant Prospect in Alberta, Canada, that they expect to have operations underway within 2-4 weeks. Habanero has a net interest of 25% in the Enchant Prospect, which is its single largest interest in any of its prospects. The Enchant Well is a past producing oil well.
Habanero is currently in negotiations on a new multi-well oil and gas prospect in Alberta, Canada, as first announced on September 7, 2005. The board is currently reviewing the project and a final decision is expected within the next month.
HAO is an emerging junior oil and gas company focused on high reward, low risk oil and gas exploration and production in North America. HAO's goal is to become a mid range oil and gas producer. HAO currently earns oil and gas revenue from 15 wells located on multiple oil and gas fields located in Texas, Saskatchewan and Alberta.
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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.