VANCOUVER, British Columbia, July 6, 2006 (PRIMEZONE) -- Habanero Resources Inc. (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) ("Habanero") has been informed by the operator of the Cardium Burnstick Prospect (announced December 29, 2005) that the rig is now on site and the testing of the well will commence. The testing is expected to be completed within 7-10 days.
Jason Gigliotti, President of Habanero Resources stated, "It is great to be finally testing this well. When you couple the testing with the recent additions to our Alberta Oil Sands holdings, clearly these are exciting times for Habanero and Habanero's shareholders."
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 Oil Sands prospects, including now having exposure to approximately 55,000 acres of Oil Sands interests through our equity ownership in Andora Energy Corporation (a private company of which Habanero owns 700,000 shares). Habanero currently earns conventional oil and gas revenue from multiple wells located in North America. 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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