VANCOUVER, British Columbia, April 10, 2006 (PRIMEZONE) -- Habanero Resources Inc. (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) ("Habanero") is extremely pleased to announce that it has acquired three new Athabasca Oil Sands leases in Alberta, Canada. These new leases were acquired through the recently announced Oil Sands Partnership (announced February 27, 2006) of which Habanero has a 25% working interest. The three leases are comprised of four sections, for a total of 1,024 hectares, as follows:
-- Lease 453, Section 5, Township 78, Range 8W4 - 256 hectares
-- Lease 476, Section 11, Township 78, Range 9W4 - 256 hectares
-- Lease 489, Section 12 and 13, Township 86, Range 25W4 - 512
hectares
Leases 453 and 476 are within 5 kilometers of our existing Athabasca Oil Sands lease (announced March 2, 2006). These two new sections are close to the existing Oil Sands leases held by Connacher Oil and Gas's Great Divide Prospect, as well as to other major Oil Sands projects by Devon, Encana and Cononco Philips.
Lease 489 consists of two contiguous sections that lie just southwest of the recently announced Royal Dutch Shell Plc Oil Sands leases, which they purchased for approximately $465 million.
Jason Gigliotti, President of Habanero Resources stated, "This is great news for Habanero and Habanero's shareholders. For us to increase our land position in the Alberta Oil Sands is a significant move forward in the corporate growth of Habanero. This now gives Habanero interests in five separate Alberta Oil Sands leases, which should indicate to our shareholders our ongoing efforts to build Habanero though development and acquisition of Alberta Oil Sands prospects. When you factor in these new Alberta Oil Sands acquisitions with the on-going activities occurring on our conventional drilling, our oil sands prospects, and the near all-time highs for oil prices, clearly these are exciting times for Habanero's growth."
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BY ORDER OF THE BOARD OF DIRECTORS "Jason Gigliotti" Jason Gigliotti, President
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