HABIBI RESOURCE COPORATION ("HAB-V") - Arranges a Non-Brokered Private Placement of 2,000,000 Units The Company is pleased to announce that it has arranged a non-brokered private placement of 2,000,000 Units (each unit consisting of one Flow Through common share and one share purchase warrant) at $0.10 per Unit. Each Warrant is exercisable at a price of $0.20 per share for a period of one year from closing. If the shares of the Company trade at a price of $0.30 per share for 10 consecutive trading days, the warrants must be exercised within 14 trading days or they will expire.

There will be paid a finders fee with 10% in cash with 10% bonus of warrants.

On Behalf of the Board of Directors Per: "W.E. Schmidt" WILLIAM E. SCHMIDT, Secretary

For more information about Equus, please contact Stanley Lanzet, at 604-218-2677. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.