Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that it has received formal title for the Dos Naciones property located in the state of Sonora, Mexico. The Dos Naciones property contains two known areas of historic mining that primarily targeted copper-silver-zinc-gold skarns. The potential for a porphyry-style target within the property is high as these skarn bodies occur on the edge of a regional magnetic anomaly that measures 2 km in diameter that hosts an intrusive body with multiple strongly altered exposures that contain pyrite, local galena and in one area small mines that exploited high grade silver-lead veins.

The Dos Naciones property is 2,391 hectares (or 23.91 square km) in size and was staked by Yale's wholly owned subsidiary Minera Alta Vista and is located approximately 160 km northeast of Hermosillo in the heart of Sonora's porphyry district.

Sampling by Yale has highlighted the high potential of these skarns as 20 of 24 samples (83 %) taken to date have returned grades greater than 0.5 % copper and 9 samples (38 %) returned grades greater than 1.0 % copper. A phase two exploration program will start this week.

The Dos Naciones area is located in the southwestern portion of the property the area contains two known skarn bodies that are separated by approximately 750 metres of intrusive rocks which host several high-grade silver-lead veins.

The eastern skarn forms a hill measuring 200 by 150 metres and is 50 metres high. This hill has several workings around its edges as well as several small open cuts throughout. The western skarn has been traced on surface for 70 metres and averages 12 metres in width. This zone appears to be in contact with the intrusive and thus the depth potential could be significant. The list below shows results from the targets to date:

Sample	Target	Type	Width (m)	Cu (%)	Au (g/t)	Ag (g/t)
464319	Eastern skarn	Chip channel	2.0	0.71	0.15	12.4
464321	Eastern skarn	Chip channel	2.0	1.51	0.43	29.9
464322	Eastern skarn	Chip channel	1.75	0.80	0.05	2.3
464323	Eastern skarn	Chip channel	1.70	0.51	0.10	4.2
464324	Eastern skarn	Chip channel	1.80	1.22	0.15	9.5
464325	Eastern skarn	Chip channel	2.50	0.84	0.06	3.6
464326	Eastern skarn	Chip channel	2.10	0.65	0.04	4.0
464302	Western skarn	Chip channel	2.50	0.48	0.01	0.8
464303	Western skarn	Chip channel	2.40	1.01	0.22	28.0
464304	Western skarn	Chip channel	3.30	0.62	0.01	5.3
464305	Western skarn	Chip channel	2.65	0.89	0.19	23.5
464306	Western skarn	Chip channel	2.40	0.64	0.02	6.5
464307	Western skarn	Chip channel	2.0	3.32	0.19	126.0
464308	Western skarn	Chip channel	3.0	1.13	0.10	32.3

The La Española area is located on the eastern side of the property and is approximately 3.5 km from the Dos Naciones area and, to date, two skarn bodies are known. The southern of the two forms a prominent hill that measures approximately 280 m by 120 m and has a height of at least 70 metres. The northern skarn measures approximately 100 by 50 metres and has been traced over a vertical extent of 30 metres. The relationship between the two skarn bodies and whether they are connected has yet been determined.


Yale Resources Ltd.
News Release -- October 29, 2008
Page 2 of 2

Sample	Target	Type	Width (m)	Cu (%)	Au (g/t)	Ag (g/t)
464331	Southern skarn	Chip channel	2.0	0.98	0.10	17.3
464332	Southern skarn	Chip channel	2.0	1.90	0.15	38.6
464327	Northern skarn	Chip channel	2.0	1.19	0.24	26.8
464328	Northern skarn	Chip channel	2.0	0.78	0.21	10.5
464329	Northern skarn	Chip channel	2.0	0.95	0.35	13.3
145004	Northern skarn	Chip channel	1.0	0.97	0.34	16.8

Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the Dos Naciones Property and is responsible for the technical data mentioned in this news release.

All of the samples mentioned in this release were prepared and analyzed by ALS Chemex at their labs in Hermosillo and Vancouver and generally consisted of 2-4 kg of material. Gold analyses were performed by 30 gram fire assay with an AA finish. Silver, copper and zinc were analyzed as part of a multi-element ICP package using an aqua regia digestion; samples with more than 100 g/t silver, 1% copper and/or 1% lead (over limit) were re-analyzed using ALS Chemex's 'ore grade' detection limits.

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.