VANCOUVER, British Columbia, April 26, 2006 (PRIMEZONE) -- Habanero Resources Inc. (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) ("Habanero") has been notified by the operator that it has engaged a Calgary based independent Petroleum Consultant company to initiate activities on the Athabasca Oil Sands Prospect (announced March 2, 2006). The consulting company has been engaged to provide an evaluation of the potential reserves, estimated development and operation costs, estimated future capital expenditures, and other pertinent information regarding the potential development of this Oil Sands prospect.
Jason Gigliotti, President of Habanero stated, "It is great to be commencing operations on this Athabasca Oil Sands prospect. This now gives Habanero two separate Alberta Oil Sands prospects that have activities underway. When you consider the near all-time high prices on oil coupled with our recent announcement of three new Alberta Oil Sands leases, this is a great time to be working on multiple Oil Sands Prospects. As it stands, Habanero is one of, if not the smallest market capitalized company that has interests in two Alberta Oil Sands prospects."
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 interests in five separate prospects (Peace River Oil Sands Prospect announced November 17, 2005 (2.7% equity) one Athabasca Oil Sands Prospect announced March 2, 2006(16.7% interest)) and an additional three Athabasca Oil Sands leases (25% interest) announced April 10, 2006 in the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer.
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BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti"
Jason Gigliotti, President
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