Habanero Amends Haldane Agreement

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb 27, 2013) - Habanero Resources Inc. ("Habanero" or the "Company") (TSX VENTURE:HAO)(HBNRF)(HRJ.F) 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-Vallée 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 www.habaneroresources.com.

Habanero Resources Inc.

Jason Gigliotti, President

Contact:
Habanero Resources Inc.
Jason Gigliotti
President
604 646 6900
www.habaneroresources.com

View Comments (0)