Habanero Arranges Financing

HABANERO RESOURCES INC.

(“Habanero”)

1470-701 West Georgia Street Vancouver, BC Canada V7Y 1C6 May 17, 2010

Trading Symbol:

HAO: TSX Venture Exchange HBNRF—USA HRJ--Germany

Habanero Arranges Financing

Habanero Resources Inc. ("Habanero") (TSX VENTURE: HAO.V) wishes to announce that it has arranged a non-brokered private placement consisting of 4,000,000 units (2,500,000 flow-through and 1,500,000 non flow-through), at a price of $0.10 per unit, for gross proceeds of $400,000. Each unit consists of one common share and one transferable share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional share at a price of $0.15 per share for a period of two years. This private placement is subject to regulatory approval. Proceeds from this placement with be used towards the Haldane Silver Prospect in the Yukon and for general working capital.

Habanero is a diversified junior company with the following prospects: acreage in the Alberta Oilsands; land in the Yukon, bordering Underworld; the Haldane Silver Prospect in the Yukon; a sizable land holder within the land prospective for lithium in Alberta; two prospects in the Stewart Mining Region of BC, one bordering Canasia Industries Corporation's Clone Prospect and the other in the vicinity of the discovery made by Decade Resources Ltd.; land in the Barkerville Gold Camp of BC bordering Barkerville Gold Mines Ltd., and property in the Red Chris Mining Region of BC near Imperial Metals Corp.

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Habanero Resources Inc.

Tel: 604 646 6900

“Jason Gigliotti”

Jason Gigliotti, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.