Habanero Resources Inc.

Habanero Resources Inc.

August 11, 2011 03:01 ET

Habanero Resources Inc.: White Gold Work Program Now Underway in Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO)(PINK SHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that the work program on the White Gold Prospect in the Yukon has now commenced. Equity Exploration Consultants has been contracted to perform the work. The White Gold Prospect is directly bordering the Kinross' Golden Saddle Discovery which was acquired from Underworld Resources Inc. in June 2010.

At this time, the 2011 Haldane Silver Prospect work program is also ongoing. The first phase of exploration on the Haldane property consisted of building a road to the drill site, mapping, prospecting, soil sampling and detailed magnetic surveying to determine the highest priority drill targets over the entire property. Drilling on this prospect is expected to commence shortly. Recently, Habanero substantially increased its land position in the Keno Hill Silver Region of the Yukon by staking 289 claims for approximately 14,000 additional acres. This now brings the total acreage for the Haldane Silver Prospect to approximately 21,000 contiguous acres, which borders Alexco Resources Corp.'s Bellekeno Property. The Yukon Government's published Minfile database states that between 1913 and 1989, the Keno Hill Silver District produced more than 217 million ounces of silver (5.37 million tons) with average grades of 40.52 oz/ton silver, 5.62% lead and 3.14% zinc, making it the second-largest historical silver producer in Canada.

President Jason Gigliotti stated, "The month of August is shaping up to be the busiest in recent years for Habanero. We have now commenced operations on our 'White Gold' Prospect, which borders the Kinross 'Golden Saddle' property and in fact is the closest property to the actual discovery zone. We are also anticipating the drill program to commence shortly on the Haldane Silver Prospect bordering Alexco's Bellekeno property and we also anticipate starting operations on the Quebec prospect. Clearly, this is a very active time for Habanero and management is optimistic about what the second half of 2011 may bring 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 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.

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.

Habanero Resources Inc.

Jason Gigliotti, President

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

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