Gold Exploration in West Africa

[FL]

Haber (HABE) gets 365 sq.mi. Ghana gold concession

HABER INC. ACQUIRES 365 SQUARE MILE MINING CONCESSION IN GHANA
Will Use its Environmentally Safe Extraction Process to Recover “Green Gold”

ARLINGTON, Mass. -- October 18, 2005 – Haber, Inc, (OTC: HABE), a Massachusetts-based company with proprietary technology for the environmentally friendly processing of gold bearing ores, announced today that its wholly owned Ghanaian subsidiary, Haber Mining Ghana Ltd., has acquired a concession with reconnaissance licensing rights covering an area of up to 365 square miles (589 square kilometers) from Good Ground, Ltd. of Ghana, West Africa. The acquisition is subject to appropriate government approval.

The concession is located in an active exploration area, surrounded on all sides by concessions operated by major gold mining companies, including Newmont Mining Corporation and, Anglogold Ashanti Ltd., the two largest gold companies in the world, Gold Fields Ltd., the world’s fourth largest, along with Red Back Mining Co. and Birim Goldfields Inc. Haber will be actively engaged in the exploration and development of this property and other Ghanaian properties in cooperation with its joint venture partner, Gold City Mining Ghana, Ltd., and other mining companies.

Albert B. Conti, Haber’s president and COO, said, “I am especially gratified that we have successfully acquired the rights to this world-class mining concession. The purchase allows Haber to embark on its own large-scale mining project, and to incorporate the Haber Gold Process (HGP) in its future processing of gold ores from this site. HGP is an environmentally safe process that does not use cyanide or mercury, both of which are presently used extensively in large- and small-scale mining in Ghana.”

Conti continued, “Although there is no guarantee that our new concession will ultimately prove economically viable, we are encouraged by the strong activity and successes of the major mining companies who have already discovered millions of ounces of gold exploring this general area. This commitment in Ghana broadens our corporate growth strategy and revenue prospects by adding another dimension to our commercial objectives. Haber’s long-range strategy for maximizing the potential of our technologies was originally focused on licensing and joint ventures with companies holding gold properties. Our goals have now been expanded to include Haber’s acquisition of high-prospect gold bearing properties for its own inventory.”

“This strategy will significantly increase our partnering options and business opportunities and insure, we believe, lead to higher profits from gold revenues derived from properties contained in our asset portfolio , all of which we expect will enhance shareholder value. MiningExploration and mining of these sites shall be accomplished through partnering with, or otherwise using the services of, full-service mining companies,” said Conti.

Green Gold

Major initiatives to promote the production and the use in manufacturing of “green gold” are growing worldwide. Green gold is that which is extracted and recovered without the use of chemicals harmful to human health or the environment.

In this regard, Dr. Edward S. Ayensu, non-executive chairman of Haber Mining Ghana, Ltd., stated, “I believe that Haber’s advantage over other mining companies is our superior proprietary and non-polluting processing technology. The industry’s challenge in the future is to take gold ore and extract and recover gold efficiently, economically and in an environmentally safe manner. We believe we have the technology to differentiate Haber economically and in a socially responsible manner from our competition over the long run.”

Dr. Ayensu continued, “The company is committed to producing only green gold, and Haber believes that the public in the future will increasingly demand green gold products because of the growing worldwide awareness of the ecological damage and human toll associated with gold extracted using cyanide and mercury.”

Haber intends to investigate unilaterally, or with joint venture partners, other lode and placer gold opportunities, which it believes will meet its long-term production objectives. Haber’s concession is located in the Sunyani, Asutifi, Tano and Asumafo Districts of the Brong Ahofo Region and the Sefwi Wiawso and Juabeso-Bia Districts of the Western Region The northern boundaries of the concession are approximately 12 km south of Sunyani, the Brong Ahafo regional capital, and approximately 95 km northwest of Kumasi, the Ashanti regional capital in the Western Region and Ghana’s second largest city. The southern boundary is approximately 170 km northeast of the port city of Takoradi in the Western Region. The eastern limit of the concession is approximately 300 km from Accra, Ghana’s capital. Site information may be found on www.habercorp.com

Haber’s extraction and recovery processes were previously tested and qualified at Kwame Nkrumah University of Science and Technology in Kumasi, Ghana in February, 2005. Gold was extracted and recovered from Ghanaian alluvial ore over a three-hour period with a 99 percent extraction and recovery efficiency, and the processes were proven to be environmentally safe.

Haber has also been actively working in Ghana toward the implementation of a program known as the Strategic Abatement of Mercury and Poverty (STAMP), and is confident that a portion of the Good Ground property containing alluvial deposits can be utilized for the STAMP program as well.

STAMP is designed to eliminate the use of mercury for gold extraction by small-scale miners who eke out meager livings by extracting gold using mercury amalgamation techniques that expose them, their families and the environment to the ravages of long-term mercury poisoning. Recognizing this growing menace to the people of Ghana, the government has requested that Haber implement the STAMP program as quickly as possible. Haber will to begin STAMP operations in Ghana once necessary funding initiatives have been successfully concluded.

About Haber, Inc.

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company’s Haber Gold Process (HGP) and Haber Recovery Process (HRP), chemical systems discovered by Norman Haber, the chairman of the company, for the hydrometallurgical extraction and recovery of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company’s Electromolecular Propulsion (EMP) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Peter R. D’Angelo [phone], or visit the company’s website at http://www.habercorp.com.

Safe Harbor Statement

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