Habanero Resources Inc.

Habanero Resources Inc.

April 29, 2011 03:01 ET

Habanero Resources Inc.: Silver Drill Program in Yukon to Commence

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO) (PINK SHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce that it has contracted Equity Exploration Consultants Ltd. of Vancouver to oversee its 2011 drill program in the Yukon. The initial budget calls for approximately $800,000 to be spent on the Haldane Silver Prospect with the work to commence on approximately June 15, 2011. The Haldane Silver Prospect is located in the Keno Hill Silver district of the Yukon. This prospect is in the vicinity of the "Rau" discovery of ATAC Resources Ltd. and Alexco Resource Corp.'s Bellekeno Silver Mine.

Management also anticipates initiating a work program on its White Gold Prospect in the coming months. The White Gold property is directly bordering Underworld Resources' (subsequently taken over by Kinross Gold Corp.) "Golden Saddle" discovery and lies directly north of Kaminak Gold Corp.'s – discovery at their "Coffee" Prospect.

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

Jason Gigliotti, president of Habanero states, "We are entering an exciting period of activity for Habanero. There has been very little activity over the past six months within the Company, but now we are about to become active on multiple work programs in two high profile mining regions. We have two prospects in the Yukon, which is set to have its most active drill season in recent memory, and we have one prospect in Quebec. Management is looking forward to this active summer, especially when you consider that gold and silver are near all time highs."

Habanero has also recently entered into a option agreement with an arm's length vendor to acquire an additional approximately 8,303 acres in Quebec, subject to regulatory approval. This property is contiguous to property already held by Habanero (the Lezai Gold Prospect announced on October 1, 2010, December 9, 2010 and March 2, 2011). This would bring Habanero's contiguous acreage to approximately 55,100 acres bordering Beaufield Resources Inc.'s Tortigny Prospect, approximately 125 kilometres northwest of Chibougamou, Quebec. Management is anticipating to commence a work program on this prospect in the coming months.

Company president Jason Gigliotti, will be attending and presenting at the at the Saskatchewan Investment Conference in Saskatoon Saskatchewan, on May 6th and 7th at the Saskatoon Inn Hotel & Conference Centre; as well as the Hard Assets Investment Conference in New York on May 9th and 10th at the Marriott Marquis. Please feel free to come speak directly to company representatives or to schedule a meeting with Jason Gigliotti in either city, please email your request.

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld Resources' (subsequently taken over by Kinross Gold Corp.); the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; and now significant acreage in Quebec bordering Beaufield Resources.

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.

Jason Gigliotti, President

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

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