Habanero's Oilsand Acreage to be Cancelled with Compensation by the Alberta Government

Habanero Resources Inc. ("Habanero" or the "Company") (TSX
VENTURE:HAO)(PINKSHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that the
Company has been notified by the Province of Alberta that Habanero has property
that falls within the Fort McMurray Urban Development Subregion ("UDSR") and
that this acreage will be cancelled. These lands have been requested to be 100%
cancelled for compensation under the UDSR terms of the Alberta Government.


According to the Mineral Rights Compensation Regulation (MRCR), compensation
payable to the Company is calculated as the sum of the following: 




--  the amount of money paid to the Crown such as bonus bid, rental amount,
    application fees; 
--  a development allowance; 
--  a reclamation allowance; and 
--  an interest allowance.



Habanero is in the process of submitting all information requested under the
UDSR terms and hopes to have financial compensation in place before yearend. 


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 b ordering Alexco Resources Corp.'s Bellekeno property; the Lezai
Multi-Element Prospect located approximately 100 km north of Chibougamau Quebec;
and the Grande-Vallee North Aluminous Clay Prospect near Murdochville Quebec,
bordering Orbite Aluminae Inc.'s deposit.


If you would like more information please email [e-mail] or call
604 646 6900. 


Habanero Resources Inc. 

Jason Gigliotti, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Habanero Resources Inc.
Jason Gigliotti
President
604 646 6900
[e-mail]
www.habaneroresources.com