Habanero Resources Inc.

Habanero Resources Inc.

June 24, 2010 03:01 ET

Habanero Successfully Intersects Mineralized Targets With Drill Program in Keno Hill Silver District of the Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2010) - Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce the drill program on the Haldane Silver Prospect in the Keno Hill Silver district of the Yukon has now been successfully completed. In all, 400.5 metres in three holes were drilled. A total of 116 core samples, including 5% duplicate and blank samples for quality control and assurance, plus 7 surface rock samples have been submitted to the ALS Chemex Labs preparation facility. Analytical results are anticipated in 2-3 weeks. The next phase of drilling is being planned now with more details to follow after the assays are received.

Murray Jones, PGeo, of Equity Exploration Consultants Ltd., who oversaw the drill program stated, "Drilling at the Haldane project successfully intersected several of the hoped for altered and mineralized structures that control mineralization within the Mt Haldane vein system. We are encouraged by the geology of the holes and look forward to the assays on this highly prospective silver project."

Historic data within the Haldane Silver Prospect indicated production of 24.7 tonnes of sorted ore grading 3101.7 g/t silver on the Middlecoff Zone (1919) with later drilling returning 2,790.8 g/t over 1.2 metres. On the Johnson Adit, historic data states production of 2.1 tonnes of sorted ore grading 4602.1 g/t silver (1926-27), and a 2008 surface float sample assayed 955 g/t silver, 16 g/t gold. Other historic showings throughout the property had anomalous rock samples up to 6,208.3 g/t silver. The historic data was compiled pre NI 43-101 reporting, therefore they cannot be relied upon.

The Haldane Property is a structurally controlled, silver vein prospect located within the Keno Hill silver district in the central Yukon. Between 1921 and 1988, the Keno Hill silver district produced more than 217 million ounces of silver with average grades of 40.5 ounces per ton silver, 5.6 per cent lead and 3.1 per cent zinc (Yukon government's Minfile database). The historical production grades would rank Keno Hill in the top 3 per cent by grade of today's global silver producers. The Keno Hill district is the second-largest historical silver producer in Canada. The Haldane property is well situated about 25 kilometres west of the main Keno Hill deposits. Mineralization is controlled by northerly trending structures, and consists of galena, sphalerite and tetrahedrite-tennantite in quart-siderite gangue. The best mineralization found to date occurs where the mineralized structures cut the Keno Hill quartzite unit, below the Robert Service Thrust. This is almost identical to the setting for mineralization at the main Keno Hill deposits. Any historical data presented here is not necessarily representative of this prospect itself. Habanero plans to file a NI 43-101 report once completed. Haldane Silver Prospect is approximately 7,150 contiguous acres.

This news release has been reviewed and approved for technical content by Murray Jones, P.Geo., a qualified person as defined under the terms of National Instrument 43-101.

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia Industries Corporation's Clone Prospect and the other in the vicinity of the discovery made by Decade Resources Ltd.; land in the Barkerville Gold Camp of BC bordering Barkerville Gold Mines Ltd., and property in the Red Chris Mining Region of BC near Imperial Metals Corp.

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.

To view maps of these projects please go to http://www.habaneroresources.com.

Habanero Resources Inc.  

Jason Gigliotti, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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