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Haber Inc. Acquires Additional Large-Scale Gold Concession in Ghana's Gold Prolific Western and Brong Ahafo Regions.


Company Acquires Additional 300 Square Kilometer Concession with Reconnaissance Licensing Rights

ARLINGTON, Mass. -- Haber, Inc, (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: HABE HABE High Altitude Balloon Experiment ), a Massachusetts-based company with proprietary technology for the environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  processing of gold bearing ores, announced today that its wholly owned Ghanaian subsidiary, Haber Mining Ghana Ltd., has exercised its option and acquired the Eternity Ghana Ltd. (Eternity) concession with reconnaissance licensing rights covering an area of 300 square kilometers. Haber has earlier acquired the reconnaissance licenses on the concessions "Good Ground" (589 sq. km.) and "Uprightness" (561 sq. km.) bringing its current total land holdings in Ghana to 1,450 square kilometers. In addition, Haber, on the basis of its favorable "Good Ground" reconnaissance report, has applied to the Ghanaian authorities for the issuance of a prospecting license on that property.

Albert B. Conti Conti (kôNtē`), cadet branch of the French royal house of Bourbon. Although the title of prince of Conti was created in the 16th cent. , Haber's president and COO, said, "The purchase of the 'Eternity' concession concludes the Company's near-term acquisition efforts in Ghana and represents our continuing strategic plan of acquiring high-prospect gold bearing properties for our own inventory. The close proximity of 'Eternity' to discovery sites of proven gold reserves by major mining companies makes it an attractive holding. These concessions allow the Company significant opportunities for partnering on large scale hard rock mining projects while at the same time pursuing its small scale mining efforts under our mercury Our Mercury is a Canadian Indie Rock band. It's members are singer/guitarist Ben Stevenson, drummer John Watson, bassist Joseph Lubinski-Mast, and keyboardist Eric Budd. History  reduction plan known as the Strategic Abatement of Mercury and Poverty (STAMP) program. The Company shall continue in the future to take advantage of special gold-related situations which present high potential value to its shareholders."

Conti continued, "Although there is no guarantee that any of our concessions will yield proven gold reserves, we are encouraged by our 'Good Ground' reconnaissance results and the strong activity and successes of the major mining companies who have already reported discovering over 18 million ounces of gold exploring this general area."

The "Eternity" concession acquired is comprised of two separate blocks. The northern block is located about 75 kilometers north-northwest of Kumasi and lies in the Tano District of the Brong Ahafo Region. The southern block is located about 65 kilometers northwest of Kumasi and lies within the Ahafo-Ano South and Ahafo-Ano North districts.

The "Good Ground" concession is comprised of three separate parcels located in the Brong Ahafo Region and the Sefwi Wiawso and Juabeso-Bia Districts of the Western Region. The northernmost parcel has northern boundaries that are approximately 12 kilometers south of Sunyani, the Brong Ahafo regional capital and about 95 kilometers northwest of Kumasi, the Ashanti regional capital. The southern boundary is about 170 kilometers northwest of the port city of Takoradi in the Western Region. The eastern limit of the concession is approximately 300 kilometers from Accra, Ghana's capital.

Haber's "Uprightness" concession is located in the Bibiani Anhwaiso-Bekwai Wiaawso and Atwima Districts of Western Region. The northern boundary of the concession is approximately 70 kilometers WSW of Kumasi, the Ashanti regional capital, whereas the southern end of the concession is approximately 140 kilometers NNE NNE
abbr.
north-northeast

Noun 1. NNE - the compass point that is midway between north and northeast
nor'-nor'-east, north northeast
 of the port city of Takoradi, the Western Regional capital. It is also approximately 250 kilometers WNW WNW
abbr.
west-northwest

Noun 1. WNW - the compass point midway between west and northwest
west northwest
 of Ghana's capital city of Accra. More information about the location of these concessions may be found on the Company's Web site at http://www.habercorp.com

About Haber, Inc.

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy Extractive metallurgy is the practice of extracting metal from ore, purifying it, and recycling it.

Most metals found in the Earth's crust exist as oxide and sulfide minerals. These compounds must be reduced to liberate the desired metal.
 and electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies.

e·lec·tro·chem·i·cal
adj.
 separations. These technologies include the company's Haber Gold Process (HGP See Human Genome Project. ), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical hy·dro·met·al·lur·gy  
n.
The treatment of metal or the separation of metal from ores and ore concentrates by liquid processes, such as leaching, extraction, and precipitation.
 extraction of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP EMP
abbr.
electromagnetic pulse
) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Albert B. Conti (781) 643-2727, or visit the company's website at http://www.habercorp.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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Publication:Business Wire
Date:Feb 14, 2007
Words:797
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