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

Habanero Resources Inc.

May 27, 2011 16:42 ET

Habanero Resources Inc.: Private Placement Proposed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 27, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO.V) (PINK SHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce a non-brokered private placement of up to 10 million units at $0.13 per flow-through unit and three million non flow-through units at $0.11 for total gross proceeds of $1,630,000, subject to regulatory approval.

Each flow-through unit will consist of one common share and one transferable share purchase warrant. The warrants associated with flow-through units will be exercisable at $0.20 per share for two years. Each non-flow through until will consist of one common share and one transferable share purchase warrant. The warrants associated with non flow-through units will be exercisable at $0.15 for five years. A finder's fee may be payable in accordance with TSX Venture Exchange rules. Proceeds from this financing will go towards the first phase of drilling at the Haldane Silver Prospect in the Yukon; work on the White Gold Prospect in the Yukon; the Lezai Prospect in Quebec; and for general working capital.

President Jason Gigliotti stated, "This financing will enable multiple operations to be completed this summer on three of our highest priority prospects. We feel that the Yukon will generate a substantial amount of market attention and we have two prospects that will be active in the in the coming weeks in the Yukon This summer is shaping up to the be the most active operational period in many years for Habanero."

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 Region of the Yukon; a sizable land holder within the land prospective for lithium in Alberta; and significant acreage in Quebec bordering Beaufield Resources and acreage in the Alberta Oilsands.

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.

Jason Gigliotti, President

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

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