Haber, Inc. Opens Office in Ghana

Signs Letter of Intent to Expand Gold City, Inc.'s License to Mine in Ghana

BAYONNE, N.J., Dec 16, 2003 -- Haber, Inc. , a New Jersey-based company with proprietary technology for analytical instrumentation and the processing of gold-bearing ores, announced today that it has opened an office in Kumasi, Ghana to further the development of its Haber Gold Process (HGP) for use in that country's extensive gold mining industry. The company also announced signing a letter of intent with its existing HGP licensee, Gold City, Inc., to use the process in mining operations in Ghana.

Albert Conti, president of Haber Inc. stated, "We are pleased to announce that Haber has opened an office in Kumasi, Ghana with our in-country representative, Mr. John Mensa Tsaku. Mr. Tsaku has an engineering, finance and mining background and we are pleased to have John on board."

"John is pursuing contacts and opportunities arising from Haber's August 2003 trip to Ghana, which has resulted in a number of major gold mining companies submitting samples to us for HGP evaluation," said Conti. "We view a presence in Ghana as important to Haber's growth, given its strategic position on the African continent, stable democratic government, enormous gold reserves and its commitment to environmentally safe extraction methods."

Haber and Gold City, Inc. have also signed a letter of intent expanding Gold City's current license to use the Haber Gold Process in Ghana. This letter of intent requires Gold City to provide limited piloting support to Haber during the first six months of 2004 to facilitate HGP testing, as requested by prospective Ghanaian client mining companies.

Conti added, "Our licensee, Gold City, has expressed a strong interest and commitment to mine in Ghana using the Haber Gold Process. Gold City has already shipped concentration equipment to Ghana to start alluvial mining operations near Obuasi, scheduled to begin in April 2004. We are pleased with the close cooperation we have enjoyed with Gold City and their continued expansion of mining activities using HGP."

Haber is continuing to work with the Ghanaian government in providing a workable, environmentally friendly mobile system that can replace the use of highly toxic mercury by small-scale, artisanal miners worldwide. Haber has solved many of the technical problems but actual field-testing is required to debug the system and to develop the logistics required to effectively deal with the miners.

Haber also announced that it has invented a proprietary precipitation (post-extraction) process that will allow the entire recovery of gold to be accomplished significantly faster than cyanide extraction followed by conventional post-extraction methods. The new precipitation process is designed to be used in conjunction with Haber's mobile HGP extraction unit. This important development means that Haber's mobile processing unit can produce high purity gold powder on site, significantly reducing the time between gold ore delivery and payment to local miners.

"The magnitude of the artisanal mining project being undertaken by Haber and its positive environmental and health benefits cannot be overstated," said Conti. "Our ultimate objective is the elimination of toxic mercury gold extraction used by millions of artisanal miners worldwide."

"Our timetable is to be in Ghana in the second quarter 2004 with a robust, environmentally safe mobile processing plant that will provide efficient, economical and rapid gold extraction and recovery for small-scale miners. For the first time a reasonable solution will be presented to help these local miners which will perform better than any system used anywhere in the world today," said Conti.

About Haber, Inc.

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.

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