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Habanero Amends Haldane Agreement


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© Marketwire 2013
2013-02-27 09:09:26 -

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/27/13 -- Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO)(PINKSHEETS:HBNRF)(FRANKFURT:HRJ) wishes to announce that is has amended an agreement on the Haldane Silver Prospect, originally announced on December 3, 2009 and amended on May 18, 2012. Previously, the Company was required to incur the following in exploration costs:


(a) $150,000 on or before December 22, 2010; (incurred)                     
(b) a further $350,000 on or before December 22, 2011; (incurred)           
(c) a further $1,500,000 on or before December 22, 2013; and                
(d) a further $2,000,000 on or before December 22, 2014.                    



The amended agreement calls for the Company to incur the following in exploration costs:



(a) $150,000 on or before December 22, 2010; (incurred)                     
(b) a further $350,000 on or before December 22, 2011; (incurred)           
(c) a further $700,000 on or before July 22, 2013;                          
(d) a further $800,000 on or before July 22, 2014; and                      
(e) a further $2,000,000 on or before July 22, 2015.                        



All other terms of the agreement remain unchanged.


Jason Gigliotti, President of Habanero Resources states, "We are pleased to be able to amend this agreement during these challenging market conditions. We anticipate being able to re-commence operations on the Haldane Silver Prospect once the weather permits."


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 located approximately 100 km north of Chibougamau 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 : mailto:ir@habaneroresources.com requesting to be added.


To view maps of these projects please go to www.habaneroresources.com.


Habanero Resources Inc.


Jason Gigliotti, President


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contacts:

Habanero Resources Inc.

Jason Gigliotti

President

604 646 6900

www.habaneroresources.com

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