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Thursday, July 06, 2006 9:53:54 AM
Thursday July 6, 8:00 am ET
VANCOUVER, British Columbia, July 6, 2006 (PRIMEZONE) -- Habanero Resources Inc. (Other OTC:HBNRF.PK - News) (TSX VENTURE:HAO.V - News) (Frankfurt:HRJ.F - News) (``Habanero'') has been informed by the operator of the Cardium Burnstick Prospect (announced December 29, 2005) that the rig is now on site and the testing of the well will commence. The testing is expected to be completed within 7-10 days.
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Jason Gigliotti, President of Habanero Resources stated, ``It is great to be finally testing this well. When you couple the testing with the recent additions to our Alberta Oil Sands holdings, clearly these are exciting times for Habanero and Habanero's shareholders.''
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the smallest market capitalized companies that has interests in five separate Oil Sands prospects, including now having exposure to approximately 55,000 acres of Oil Sands interests through our equity ownership in Andora Energy Corporation (a private company of which Habanero owns 700,000 shares). Habanero currently earns conventional oil and gas revenue from multiple wells located in North America. Habanero's goal is to become a mid range oil and gas producer.
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.
BY ORDER OF THE BOARD OF DIRECTORS
``Jason Gigliotti''
Jason Gigliotti, President
The Habanero Resources Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2349
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Habanero Resources Inc.
(604) 646-6900
Fax: (604) 689-1733
ir@habaneroresources.com
www.habaneroresources.com
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