Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that it has agreed, subject to all necessary approvals, to a non-brokered private placement with Macquarie Bank Ltd. and Anglo Pacific Group PLC to place 3,650,000 Units of the Company at a price of $0.18 per Unit for gross proceeds of $657,000 (the "Private Placement"). A Unit will consist of one common share and one non-transferable common share purchase warrant valid for one year that will entitle the holder to purchase one additional common share at a price of $0.25.

The Company will pay no commissions or finders fees. Proceeds of the placement will be applied to a definition drill program at La Verde Grande and the calculation of a resource as well as ongoing 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any 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.