Habanero Resources Inc.

Habanero Resources Inc.

December 01, 2009 03:01 ET

Habanero Receives Final Government Approval on 662,387 Contiguous Acres Prospective for Lithium

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2009) - Habanero Resources Inc. ("Habanero") (TSX VENTURE:HAO)(PINK SHEETS:HBRF)(FRANKFURT:HRJ) wishes to announce that it has been notified that 268,057 contiguous hectares (662,387 acres) of land prospective for lithium have received final acceptance by the Alberta government. Habanero intends to commence the review of historic oil and gas wells, and geologic data from the property, including analyses of formation waters searched by the Alberta Research Council for the province, in preparation for a proposed sampling and analysis of formation waters.

Jason Gigliotti, President of Habanero Resources stated, "We have now secured a significant contiguous block of land prospective for lithium Going forward management will evaluate all opportunities to develop, joint venture or sell this prospect. Management believes that the demand for lithium will continue to be strong and this prospect positions Habanero to potentially capture some of this growing market."

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia's Clone Prospect and the other in the vicinity of the recent discovery made by Decade Resources Ltd.; and land in the Barkerville Gold Camp of BC bordering International Wayside Gold Mines Ltd.

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Contact Information

  • Habanero Resources Inc.
    Jason Gigliotti
    604 646 6900