Habanero Resources Inc.

Published : July 03rd, 2007

Increases Oil Sands Acerage by Almost 300%

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July 3, 2007
Substantially Increases Alberta Oil Sands Exposure Adding 95% Interest in 22 New Athabasca Oil Sands Sections

Habanero Resources Inc. ("Habanero") is pleased to announce that it has acquired a 95% interest in 22 new Athabasca Oil Sands sections. This new acquisition consists of two separate blocks, one of 10 contiguous sections and the other of 12 contiguous sections. The block of 10 contiguous sections is located at 4-15-075 27-34 and 4-15-076 5:6 and covers the Oil Sands below the top of the Viking formation to the base of the Woodbend Group. The block of 12 contiguous sections is located at 4-17-078 13-15; 22-27; 34-36 and covers the Oil Sands below the top of the Viking formation to the base of the Woodbend Group.

Jason Gigliotti, President of Habanero Resources stated, "This is a very significant acquisition for Habanero. This new acquisition increases Habanero's net oil sand acreage by almost 300%, going from 10.75 (6,800 acres) net sections to 31.65 (20,021 acres) net sections. Additionally important is that these two new blocks are the two single largest blocks Habanero has an interest in and they are shaped as one thick block, not singular lines of sections. Habanero has increased its Oil Sands sections under lease from 4.5 gross sections at the end of 2006 to now having 42.5 gross and 31.65 net sections. Management expects to add additional oil sections in the future and will attempt to develop a work program in the future on one or more of the oil sands prospects that Habanero has an interest in with the final goal of going into production."

Habanero is an emerging junior oil and gas company focused on developing and acquiring Alberta Oil Sands Prospects. Habanero has an interest in 42..5 (26,885 acres ) gross and 31.65 (20,021 acres) net Alberta Oil Sands sections, as well as having exposure to approximately 55,000 acres of oil sands interests in the Peace River region of Alberta though its equity ownership in Andora Energy Corporation ("Andora"). Habanero owns 700,000 common shares of Andora which are currently deemed at $2.86 based on a proposed combination previously announced.

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. Contact Information:
Tel 604-646-6900
Fax 604-689-1733
ir@habaneroresources.com
www.habaneroresources.com

BY ORDER OF THE BOARD OF DIRECTORS

"Jason Gigliotti"

Jason Gigliotti, President

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

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Habanero Resources Inc.

EXPLORATION STAGE
CODE : HAO.V
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Habanero is a and oil exploration company based in Canada.

Habanero holds various exploration projects in Canada.

Its main exploration properties are ALBERTA OIL SANDS, HALDANE and LEZAI in Canada.

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Financings of Habanero Resources Inc.
5/27/2011Private Placement Proposed
Project news of Habanero Resources Inc.
4/13/2011President to attend Chicago Resource Expo this weekend
3/2/2011(Lezai)to Acquire Additional Acreage in Quebec
Corporate news of Habanero Resources Inc.
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9/12/2012Commences 2012 Work Program on 'White Gold' Prospect in the ...
7/20/2011White Gold Work Program to Commence in Yukon
6/27/2011Summer Yukon Work Program Now Underway
6/15/2011Increases Land Position in the Yukon
4/29/2011Silver Drill Program in Yukon to Commence
4/11/2011to Increase Gold Prospect Landholding in Quebec
8/22/2007Drill Program Proposed on Oil Sands Prospect
7/3/2007Increases Oil Sands Acerage by Almost 300%
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