VANCOUVER, British Columbia, Jan. 30, 2006 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) wishes to announce that it is in negotiations to form a consortium that would search for additional Alberta Oil Sands Properties. A final decision on this is expected by February 15, 2006.
Jason Gigliotti, President of Habanero stated, "Habanero currently has more money in the bank than at any other time. The plan is to utilize this money to build the company. We currently have exposure to one Alberta Oil Sands company and our plan is to actively search for additional Alberta Oil Sands assets."
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the smallest market capitalized companies that has exposure to the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer. Habanero currently has operations 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.