VANCOUVER, British Columbia, March 8, 2006 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (Other OTC:HBNRF) (TSX Venture Exchange:HAO) (Frankfurt:HRJ.F) wishes to announce that it has been informed by the operator of the Boyne Lake prospect (announced February 27, 2006) that the well has been successfully drilled to depth. The well will now be tested for commercial production shortly. Habanero has a 20% interest in this gas prospect.
Jason Gigliotti, President of Habanero, stated, "Progress on this well has been as expected and according to the operator appears to display encouraging indicators. Considering the current price of oil and gas, this would be a very opportune time to add new revenue to the company. When you factor that Habanero is possibly the smallest market capitalized company with exposure to two Alberta Oil Sands prospects, it is quite an exciting time for Habanero management and 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 two separate prospects (Peace River Oil Sands prospect announced Nov 17, 2005, and Athabasca Oil Sands prospect announced March 2, 2006) in the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer.
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, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The Habanero Resources Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2349.