Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) has closed the brokered private placement with PI Financial Corp. (the "Agent") previously announced on July 11, 2007. The placement totaled 4,000,000 units (each, a "Unit") at a price of $0.25 per Unit and raised a total of $1,000,000 (the "Offering"). Each Unit consists of one common share and one half of a transferable common share purchase warrant. Each whole such common share purchase warrant will be valid for a period of two years and will entitle the holder to purchase an additional common share at a price of $0.50 per share. The warrants will expire on August 8, 2009.

As consideration for acting as agent, the company has paid the Agent commission of 8% paid as to $29,750 in cash and the balance as to 201,000 commission units on the same terms as the Units of the Offering. The Agent also received 400,000 compensation options. Each compensation option will be valid for a period of two years and will entitle the Agent to purchase an additional common share at a price of $0.30 per share.

All securities issued pursuant to this financing are subject to a hold period until December 9, 2007.

Proceeds of the placement will be applied to work programs in Mexico as well as new opportunities and general working capital.

About Yale Resources:

Yale Resources is aggressively exploring an expanding portfolio of Mexican properties. Each of Yale's projects have seen previous production and have good infrastructure. With the purchase of a 100 % interest in the La Verde and Carol Properties, Yale has transitioned into a Project Generator and will continue to seek additional opportunities in Mexico.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.