Habanero Resources Inc.

Habanero Resources Inc.

August 14, 2009 10:30 ET

Habanero Evaluating Lithium Prospects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2009) - Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it is evaluating lithium prospects in North America. A final decsion is expected before the end of August.

Jason Gigliotti, President of Habanero stated, "Management's goal is to build Habanero's assets through projects that could add value. We are optomistic that a new lithium prospect may be added to our current assets."

Habanero is a diversified junior company with significant acreage in the Alberta Oilsands, and is one of the largest landholders in the Yukon, bordering Underworld Resources.

Habanero also wishes to announce a non-brokered private placement of up to ten million units at $0.05 per unit, for gross proceeds of $500 000. Each unit will consist of one share and one transferable share purchase warrant for a term of five years with an exercise price of $0.10. A finders fee may be payable in accordance with TSX Venture Exchange rules.

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.

Habanero Resources Inc.

Jason Gigliotti, President

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

Contact Information

  • Habanero Resources Inc.
    Jason Gigliotti
    (604) 646-6900