Habanero Resources Inc.
TSX VENTURE : HAO
PINK SHEETS : HBNRF
FRANKFURT : HRJ

Habanero Resources Inc.

May 21, 2010 03:01 ET

Habanero Acquires Additional Alberta Oilsands Assets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2010) - Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has acquired all the Oilsands assets of one of its former partners (the "Company") within the Alberta Oilsands. Habanero acquired the following leases:

1. The Company held a 50% interest in Oil Sands Lease number 7407020015 located in the Athabasca Oil Sands of Alberta, below the top of the Viking formation to the base of the Woodbend Group, and is 512 hectares. Habanero now has a 100% interest in this lease.

2. The Company held a 5% interest in Oil Sands Lease number 740706373 located in the Athabasca Oil Sands of Alberta, below the top of the Viking formation to the base of the Woodbend Group, and is 2,560 hectares. Habanero now has a 100% interest in this lease.

3. The Company held a 5% interest in Oil Sands Lease number 740706374 located in the Athabasca Oil Sands of Alberta, below the top of the Viking formation to the base of the Woodbend Group, and is 3,072 hectares. Habanero now has a 100% interest in this lease.

4. The Company held a 5% interest in Oil Sands Lease number 7407070281 located in the Athabasca Oil Sands of Alberta, below the top of the Viking formation to the base of the Woodbend Group, and is 1,024 hectares. Habanero now has a 100% interest in this lease.

5. The Company held a 4% working interest in a 120 hectare block of land located in the Athabasca Oil Sands region of Alberta, Canada. This land comprises of half the Leismer lease, Section 19, Township 77, Range 9, W4M-1-256, referred to as the Leismer Oil Sands Prospect. Habanero now has 24% working interest of this lease.

6. The Company held a 5% working interest in three oil sands leases in the Muskwa area of Alberta comprising of 1,024 hectares for $473,856. The Muskwa Leases are located at Leismer lease Section 5, Township 78, Range 8W4-1-256; Leismer lease Section 11, Township 78, Range 9W4-1-256; and Muskwa Sections 12 & 13, Township 86, Range 25W4-2-512. Habanero now has 30% working interest of these leases.

Jason Gigliotti, President of Habanero stated, "Although Habanero is focused on the upcoming Yukon silver drill program on the Haldane Silver Prospect, this opportunity allows Habanero to strengthen its Oilsands assets. Management feels that the Alberta Oilsands hold tremendous future potential and if the price of oil increases, these assets could hold significantly more value. The leases are fifteen year leases with approximately eleven years left. This acquisition of these additional Oilsands assets coincides with the upcoming planned silver drill program as well as two corporate presentations that I will be hosting in Toronto and New York next week for individual and institutional investors. Habanero will also be presenting at the 2010 World Resources Investment Conference in Vancouver June 6 and 7."

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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