Habanero Resources, Inc. announced results from the 2012 diamond drill program on its Grand-Vallee North Aluminous Clay Prospect, Gaspe, Quebec. During November 2012, it completed nine inclined diamond drill holes totaling 801 meters that tested priority aluminum in soil geochemical anomalies defined by its summer-fall 2012 exploration programs. Drill hole 12GVDH001 intersected a near surface zone of Al2O3 (Aluminum-Oxide) at a depth of 11 meters that returned values of 18.0% Al2O3 over 12 meters. Drill hole 12GVDH004, a 50 meter south step-back, intersected the same zone and returned 17.4% Al2O3 over 42 meters.

Based on the results of drilling, a 60 meter wide (apparent width), east-northeast oriented zone of Al2O3 mineralization lies beneath 13 meters of lower grade mudstone. Outcrop bedding measurements suggest the zone dips moderately to the south, which is supported by the distribution of Al2O3 values within the drill holes. Drill holes 12GVDH005 and 12GVDH006 tested a 40 meter zone of red claystone outcrop exposed within a creek bed (Target #2).

Drill hole 12GVDH005 intersected a 42 meter wide zone returning 17.0% Al2O3, from a depth of 36 meters; and a second zone at a depth of 90 meters returning 18.4% Al2O3 over 9 meters. The drill hole terminated directly in highest mineralization of the drill program. Drill hole 12GVDH006 tested the same zone 30 meters to the east along its inferred trend and returned values of 16.8% Al2O3 over 48 meters; including 18.1% Al2O3 over 12 meters.

Drilling of Target #2 indicates that in addition to broad zone of near surface mineralization such as those encountered at Target #1, aluminous claystone exposures at the Grand-Vallee North Prospect are persistent in the subsurface along strike and that multiple parallel zones may be present. Drill holes 12GVDH007 and 12GVDH008 were spaced 1 kilometer apart and selectively tested an east-northeast trending aluminum in soil geochemical anomaly (Target #3). At a depth of 26 meters, drill hole 12GVDH007 intersected a broad zone of mineralization that returned 15.7% Al2O3 over 52 meters.

Drill hole 12GVDH008 returned values of 15.2% Al2O3 over 43 meters; including 16 meters at 17.9% Al2O3 and values of up to 18.9% Al2O3 over 4 meters. The hole again terminated in mineralization that graded near the high levels of the hole, at a depth of 111 meters. The orientation of this mineralized zone is not known and additional drilling is warranted to determine the potential for near surface mineralization along section.

The 2012 Grand-Vallee North diamond drill program resulted in the discovery of three new zones of Al2O3 mineralization within the Property. The three zones are open in both directions along their inferred east-northeast trend. Importantly, diamond drilling has established a high correlation between aluminum in soil geochemical anomalies and drilled intersected mineralization.

Numerous soil geochemical anomalies are present within the Grand-Vallee North claims and in light of 2012 diamond drill results additional infill soil sampling, ground geophysical surveys, and further diamond drill testing is warranted.