Habanero Resources Inc.

Habanero Resources Inc.

July 20, 2011 03:01 ET

Habanero Resources Inc.: White Gold Work Program to Commence in Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 20, 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 is scheduled to commence shortly. 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 underway. The first phase of exploration on the Haldane property consists of road building to the drill site, mapping, prospecting, soil sampling and detailed magnetic surveying to determine the highest priority drill targets over the entire property. Recently, Habanero substantially increased its land position in the Keno Hill Silver Region of the Yukon through the staking of 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, "We are pleased to be able to have multiple work programs underway in two of highest focused regions of the Yukon. Management also anticipates starting up work on our Lezai Prospect in Quebec this summer. When you couple this busy work period with near all time highs on silver and gold, management is optimistic about the coming months as we explore these prospects."

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.

Jason Gigliotti, President

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

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