Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that the non-brokered private placement, previously announced on January 11, 2008, has been fully subscribed and -- subject to final approval of the TSX-V -- is closed. The placement totaled 3,250,000 units at a price of $0.15 per unit to raise a total of $487,500. A unit consists of one share and one half of a non-transferable share purchase warrant. Each share purchase warrant will be valid for a period of one year and will entitle the holder to purchase an additional share at a price of $0.20 per share.

The Company will pay an 8% commission in cash and/or units, upon final approval, on portions of the proceeds raised. Proceeds of the placement will be applied to work programs on the Company's current portfolio of properties and new opportunities. Completion of the placement is subject to the approval of the TSX Venture Exchange.


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.