Habanero Resources Inc. ("Habanero" or the "Company") (TSX
VENTURE:HAO)(PINKSHEETS:HBNRF)(FRANKFURT:HRJ) wishes to report the results for
the 2011 work program on the 100 percent owned Grand Vallee North Aluminous Clay
Prospect.


Kristopher J. Raffle, P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. of
Edmonton, AB, reports, "During 2011, APEX Geoscience Ltd. ("APEX") geologists
conducted a 4 day reconnaissance investigation of Habanero's Grand-Vallee North
aluminous clay prospect located in Gaspe, Quebec. The Grand-Vallee North
prospect comprises of 132 claims covering approximately 7,400 hectares (ha) and
lies adjacent to Orbite Alumina Inc's (Orbite) 6,441 ha Grand-Valle Property. 


"Recent exploration by Orbite has defined 5 zones of highly aluminous,
unconsolidated fragmentary red shale and red and green mudstone ("claystones").
Analysis of 1,180 shale and mudstone drill core samples by Orbite returned an
average Al2O3 ("alumina") content of 22.77% (Source: Orbite Alumina Inc., 2010
Field Work Grande-Vallee Property NI 43-101 Technical Report, March 31, 2011).
Orbite has reported that through testing of its proprietary hydro-metallurgical
treatment that a reasonable prospect of economic extraction exists for
claystones containing over 18% alumina.


"APEX collected a total of 27 samples of clay-rich shale and mudstone from
unconsolidated surface deposits and outcrop. Of the 27 samples, a total of 16
were collected within Habanero's current Grand-Vallee North claims. Samples of
red shale exposed in road-cuts 500 metres to the northwest of Orbite's "Zone D"
occurrence returned highly anomalous alumina values. The alumina content of the
5 samples collected within Habanero's claims adjacent to the Zone D occurrence
ranged from between 22.99% and 20.49% (Table 1). A total of 4 additional samples
collected from between 1 and 3 kilometres northwest of the Zone D occurrence
returned alumina values in excess of 18% (9 samples in total returned greater
than 18% alumina; Table 1).


Table 1: 2011 Grand-Vallee North Alumina Analysis Summary



----------------------------------------------------------------------------
Sample                                                              Al2O3(%)
----------------------------------------------------------------------------
11ERS101                                                               22.99
----------------------------------------------------------------------------
11ERS113                                                               22.64
----------------------------------------------------------------------------
11CBS014                                                               21.69
----------------------------------------------------------------------------
11ERS102                                                               20.72
----------------------------------------------------------------------------
11CBS002                                                               20.53
----------------------------------------------------------------------------
11CBS001                                                               20.49
----------------------------------------------------------------------------
11ERS112                                                               19.55
----------------------------------------------------------------------------
11CBS013                                                               19.32
----------------------------------------------------------------------------
11CBS012                                                               18.93
----------------------------------------------------------------------------



"Habanero's 2011 reconnaissance has shown that unconsolidated shale and mudstone
lithologies having visual similarities and comparable alumina content to those
found within Orbite's Grand-Vallee Property, also occur within the Grand-Valle
North prospect. The results indicate the potential of the Grand-Vallee North
prospect to host aluminous clay deposits similar to those known at the
Grand-Vallee Property. To date Habanero has not assessed the Rare Earth Element
(REE) potential of the Grand-Vallee North prospect. The upcoming 2012
exploration program will focus on evaluating unexplored areas of the claims,
delineating the known aluminous clay occurrences, and further examination of REE
potential of the Grand-Vallee North prospect. At this time only 1/3 of the
prospects land position has been investigated."


Work on the Grand-Vallee North Prospect was supervised by Kristopher J. Raffle,
P.Geo (BC) Senior Geologist for APEX Geoscience Ltd. of Edmonton, AB, who is the
qualified person for the project as defined by National Instrument 43-101. Mr.
Raffle has reviewed the portion of the technical content of this news release as
it relates to the Grand-Vallee North Prospect. During 2011, all samples were
submitted to ALS Minerals, North Vancouver, British Columbia, for whole rock
litho-geochemistry XRF analysis (ME-XRF06). Samples were crushed to 70% passing
less than 2mm. A sample split was then pulverized to 85% passing less than 75
micrometres. A calcined or ignited sample (0.9g) is added to 9.0g of Lithium
Borate Flux (50%-50% Li2B4O7-LiBO2), mixed well and fused in an auto fluxer
between 1050-1100 degrees C. A flat molten glass disc is prepared from the
resulting melt. This disc was then analysed by XRF spectrometry.


Habanero has increased its land on the Grand-Vallee North Aluminous Clay
prospect to approximately 7,400 contiguous hectares from 6,700 hectares. This
new acreage was acquired through Gestim.


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; the Lezai
Multi-Element Prospect comprising of approximately 55,100 contiguous acres in
Quebec; and the Grande-Vallee North Aluminous Clay Prospect consisting of
approximately 7,400 hectares (18,285 acres) near Murdochville, Quebec, bordering
Orbite Aluminae Inc.'s deposit.


Habanero President Jason Gigliotti will be presenting at the 2012 Prospectors
and Developers Association (PDAC) in booth number 2612. Habanero will be
presenting on March 4th and 5th and the show is being held at the Metro Toronto
Convention Centre, South Building. Mr. Gigliotti welcomes all shareholders and
prospective shareholders to meet Company management in person.


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.

Habanero Resources Inc. 

Jason Gigliotti, President
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