Feb 11, 2008
YALE ANNOUNCES NEW DIRECTOR
Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to introduce Mundo Uribe as a new director to the Company.
Edmundo (Mundo) Uribe Quintana (Sanchez Aldana Quintana) is a Mexican born entrepreneur that has founded a number of successful businesses in Mexico, Canada, and the United States. In 1979 Mr. Uribe was a founder and partner of Explosives Tepexpan, S.A. de C.V., a distributor of ICI Explosives. This was the start of a greater than 20 year relationship with the mining and exploration industry that created a wide ranging list of contacts (from industry to government) in Mexico, the United States and Canada.
More recently, Mr. Uribe is the founder of Golden Anvil, S.A. de C.V., a Mexican mining company with a project in operation.
To create room for Mr. Uribe, Richard Hughes has stepped down from Yale's board of directors. On behalf of the Company, the board of directors would like to thank Mr. Hughes for his service.
In conjunction with the recent expiration of a number of previously issued options and the appointment of Mr. Uribe, the Company has granted incentive stock options under the Company's stock option plan to directors, officers, and employees of the Company to purchase an aggregate of 1,455,000 treasury shares. The options are exercisable for a period of three years at a price of $0.20 per share and are subject to the policies of the TSX Venture Exchange.
On behalf of the Board,
Ian Foreman, P.Geo.
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.
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