Haber Announces Completion of Mobile Gold Extraction Unit

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Haber Announces Completion of Mobile Gold Extraction Unit

Licensee Gold City to Use Process in Mining Operations in Ghana, W. Africa

BAYONNE, NEW JERSEY, Feb. 24 -/E-Wire/-- Haber, Inc. (OTC: HABE), a New Jersey-based company with proprietary technology for analytical instrumentation and the processing of gold-bearing ores, announced today that it is ready to roll out its commercial mobile gold extraction unit.

The unit, with one-half ton capacity, is being shipped to the company's Florida facility for final system testing.

"The completion of the mobile unit is a major milestone for our company and brings Haber one step closer to its commercial HGP objectives," said Albert Conti, president of Haber Inc. which has developed the environmentally friendly Haber Gold Process (HGP) extraction process as an alternative to the use of cyanide and other hazardous substances used in gold mining. The unit may be viewed on the company's web site: www.habercorp.com.

"The mobile unit will be used in conjunction with Haber's proprietary accelerated gold recovery system under development," Conti said. "This combined process allows for gold recovery at rates which are significantly faster than those achieved by cyanide extraction and conventional recovery methods. Gold City has shipped concentrate to Haber's Florida facility in anticipation of a fully operational system."

The company also announced it has signed a licensing agreement with its existing HGP licensee, Gold City, Inc., to use the process in mining operations in Ghana in West Africa.

The non-exclusive, expanded license to Gold City Inc. grants Haber a royalty of 8 percent net smelter return on all precious metals processed and 5 percent of all gold nuggets. The agreement requires Gold City to provide piloting support to Haber during the first 18 months of the agreement to facilitate HGP testing for prospective client Ghanaian mining companies and small-scale artisanal mining activities.

Added Conti, "The expanded Gold City license represents a significant opportunity for both companies in terms of projected revenues. In addition, Haber now gains the ability to conduct field tests in Ghana without a large capital outlay or the hiring of additional personnel. Gold City is already in Ghana with concentration equipment and has begun exploratory work on various prospective concessions located approximately 20 miles south and west of Obuasi."

"Our objectives for gold recovery using the HGP process are on schedule," said Conti. "There have been strong expressions of interest for our gold technology around the world, and our response has been aggressive but measured by our current capabilities. Our strategy is to build a complete foundation of customer support services, including laboratory capabilities, and to develop and build commercial hardware that is thoroughly field-tested. We are nearing completion with many of our immediate goals. This will allow Haber to react quickly and comprehensively with the necessary documentation and follow-up bulk testing to adequately qualify our HGP process to specific customer ore requirements."

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company's Haber Gold Process (HGP), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical 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) 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 Peter R. D'Angelo (781) 643-2727, or visit the company's new Web site, currently under construction, at http://www.habercorp.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act 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.

Editor's Note: JPEG photo of Haber's new mobile gold extraction unit is available.

http://www.habercorp.com

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