Haber Inc. Agrees to a Joint Venture on Arizona Precious Metals ...

Tag : joint bearing
conveyed to a new joint venture corporation called Arizona MineralResources, Inc. (hereinafter referred to as "AMRI").

"Owner's" patented property comprises approximately 61 acres ofland at the nucleus of a highly mineralized intersection zone lyingbetween two gold, silver and copper "trends." The term "patentedproperty" is applied to mining claims for which the federalgovernment has passed title to a claimant under the provisions ofthe General Mining Law of 1872. The patenting process requires thatthe claimant demonstrate the existence of a valuable mineraldeposit that satisfies certain marketability tests and the "prudentman" rule. A "trend" in mining and geologic terminology refers tothe direction in which a mineralized zone travels from a givenreference point. Additional land will be leased from the Bureau ofLand Management so as to significantly expand AMRI's holdingsaround the patented property and to follow the defined trends.

Under terms of the agreement, the joint venture is conditional ongood title being established for the patented property. Haber willbe the operating party within the joint venture and will beresponsible for all funds and business management, exploration,mining and ore processing activities and shall grant "AMRI" anon-exclusive license for use of Haber's environmentally friendlyminerals extraction and recovery processes. "Owner" will be issued10 percent of AMRI's stock and will receive $50,000 from theproceeds of a $5 million Private Placement Offering (PPO) to bemade to fund the activities of the new enterprise. Haber willretain a major equity interest in the joint venture after issuanceof stock to investors in the PPO.

Albert B.Conti, CEO and Chairman of Haber stated, "This jointventure provides Haber with a high potential gold, silver andcopper prospect in the United States with patent documentation,offering us a good chance to discover economic mineral assets onthe property. The site location allows for year-round miningoperations and is also an area where there is the potential toprovide processing services to other miners in the region."

Conti also indicated that "Haber has successfully tested a numberof ores from other parties using our newly developed process fortreating ores high in sulfides and this may provide opportunitiesfor additional joint ventures. It must be emphasized, however, thatthere is no assurance that clear title to the patented propertywill be established, or that it will contain economically viablemetal values to support mining operations or that the requiredfunding will be forthcoming "

About Haber, Inc.

Haber, Inc. is a high technology process development company withproprietary technologies in extractive metallurgy andelectrochemical separations. These technologies include thecompany's Haber Gold Process (HGP) and Haber Recovery Process(HRP), chemical systems, for the hydrometallurgical extraction andrecovery of gold from its ores. The Haber Gold Process is bothnon-toxic and more efficient than conventional solvents such ascyanide. This technology accelerates the gold extraction rate andmay increase gold recovery from its ores by a substantial factor.The company's Electromolecular Propulsion (EMP) technology is anelectrochemical process that enables the electrically controlledmovement or positioning of a variety of different molecules. It isdistinguished from the techniques of electrophoresis andchromatography by its wide variety of potential applications andthe greater speed and control of the results. For more information,call Peter R. D'Angelo (781) 643-2727, or visit the company'swebsite at www.habercorp.com .

Safe Harbor Statement

Any statements contained herein that are not historical facts areforward-looking statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995, and involve risks anduncertainties. Forward-looking statements include statementsconcerning plans, objectives, goals, strategies, future events orperformance and underlying assumptions. These statements aresubject to uncertainties and risks including, but not limited to,economic conditions, the impact of competition and pricing,government regulation, and other risks. All forward-lookingstatements made by or on behalf of Haber Inc. are qualified. HaberInc. disclaims any obligations to update any forward-lookingstatements to reflect events or circumstances after the datehereof.

Haber, Inc.
Peter R. D'Angelo, 781-643-2727