Habanero Resources Inc. ("Habanero", "HAO" or the "Company") (TSX VENTURE:HAO)
(PINKSHEETS:HBNRF) (FRANKFURT:HRJ) wishes to announce that exploration crews
have now been mobilized to Habanero's Grand-Vallee North Prospect. The first
phase will consist of geological mapping and a property wide soil geochemical
survey. Habanero has significantly increased its acreage on this prospect since
the last phase of sampling was completed. This current phase of operations will
enable Habanero to determine the extent of the prospective targets within the
entire property, and to establish the highest priority drill targets with
drilling to follow. 9 samples collected during the last phase of operation
returned values ranging from 18.93% to 22.99% Al2O3. (March 1, 2012). 


Jason Gigliotti, President of Habanero stated, "Management is pleased to now
have crews on the Grand-Vallee North prospect that directly borders Orbite
Aluminae Inc.'s deposit. This prospect is our highest priority prospect for 2012
and the board is optimistic about the potential this prospect may have on future
corporate growth. During the last phase of operations Habanero encountered
encouraging samples of up to 22.99% Al2O3.on our Grand-Vallee North Prospect.
When you consider that we now that we have significantly increased the size of
our project and that Orbite use an 18% Al2O3. cut-off grade for its deposit, it
is an exciting time for Habanero as we develop this prospect further."


Work on Grand-Vallee North Prospect is 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.


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.


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. 

Jason Gigliotti, President

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