Habanero Resources Inc.

Habanero Resources Inc.

September 29, 2011 03:01 ET

Habanero Intersects Mineralization on Haldane Silver Prospect in the Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that it has completed the drill program on the Haldane Silver Prospect in the Yukon. According to the project geologist and qualified person for the property Murray Jones, P. Geo., "Habanero drilled 1,405 m in 9 holes over a kilometre of strike on the Mt Haldane Vein System and intersected mineralization characteristic of the Keno Hill Mining district, including galena-sphalerite-siderite mineralization and massive manganese-iron oxides in drill holes up to 1000 m apart. At the Main Zone, where a 2011 surface chip sample in oxide mineralization returned 223 g/t Ag over 3.6 m (August 23, 2011), 3 drill holes intersected galena-sphalerite mineralization or massive manganese and iron oxides ranging from 25 m to 200 m depth. At the Middlecoff Zone, 1,000 metres south of the Main Zone, a drill hole intersected massive galena-sphalerite-siderite mineralization in a fault zone 150 m along strike from underground workings that produced 24.7 tonnes of high grade mineralization grading 3,101 g/t Ag (June 10, 2010). Drilling intersected a strong structure with iron and manganese oxides 550 m south of the Main Zone, in the Johnson Adit area where a select sample from the underground rock dump returned 2,520 g/t Ag (August 23, 2011). All samples have now been submitted to ALS Minerals' prep lab in Whitehorse and assay results are expected in several weeks."

President Jason Gigliotti stated, "We are eagerly anticipating the assay results from this drill program. The drill program appears to have intersected zones of interest and we are now waiting to see the final grades achieved. Not only are we anticipating these drill results, we are looking to commence operations in Quebec as well."

Habanero is a diversified junior company with the following prospects; the White Gold Prospect in the White Gold Region Yukon, bordering Kinross' Golden Saddle discovery; the Haldane Silver Prospect in the Keno Hill Silver Region of the Yukon bordering Alexco Resources Corp's Bellekeno property; a sizable land holder within land prospective for lithium in Alberta; significant acreage in Quebec bordering Beaufield Resources Inc.; and holdings in the Alberta Oilsands.

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The technical information in this news release was provided by and has been reviewed and approved for content by Murray Jones, P.Geo., of Equity Exploration Consultants Ltd., a qualified person as defined under the terms of National Instrument 43-101.

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

Habanero Resources Inc.

Jason Gigliotti, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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