Habanero Drops 50% Interest in 2 Oil Sands Leases

Habanero Resources has announced that two of the Oil Sands leases, which the Company had a 50% interest in, have been dropped. These leases are located in Peace River and in the Athabasca Oilsands regions.

Due to current market conditions management felt that this was the most prudent course of action and is considering potential restructuring and/or financing of the Company.