VANCOUVER, British Columbia, Feb. 17, 2006 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) is pleased to announce that it has entered into an investor relations contract with Value Relations of Frankfurt, Germany, subject to exchange approval. The term of the contract is for one year for a total sum of CAD$72,000. Value Relations will facilitate investor awareness throughout Europe, focusing on private and intuitional investors. Value Relations has created successful marketing campaigns for many other Canadian companies.
In other news, a decision regarding an Oil Sands consortium (announced January 30, 2006) is expected within days.
Jason Gigliotti, President of Habanero stated, "Having an investor relations firm of Value Relations experience working with Habanero is a very important step towards reaching European private and institutional investors. Over the past year there have been numerous examples of the growth that Canadian junior companies have achieved by increasing their exposure to European investors. We feel that Habanero, being one of the smallest if not the smallest market capitalized companies with exposure to the Alberta Oil Sands, is posed to greatly increase its European investor awareness through this marketing campaign. I am scheduled to commence a series of presentations with newsletter writers and private and institutional investors in mid-March. When you couple this with our current activities that are ongoing on the Alberta Oil Sands Prospect and that our conventional drilling is about to begin, 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 exposure to the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer. Habanero currently has interests in operations 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
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