Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to announce that final approval has been received from the TSX-V for the second tranche of a non-brokered private placement (see news releases dated July 27 and August 4, 2009) totaling 5,800,000 Units for gross proceeds of $232,000. A Unit consists of one common share and one half of a non-transferable common share purchase warrant valid for one year. A whole warrant will entitle the holder to purchase one additional common share at a price of $0.07. The warrants will expire on August 20, 2010. If the shares in Yale trade above $0.085 for a period of ten consecutive trading days after the mandatory four month hold period, the warrants will be accelerated and expire within one month. The shares forming part of the units and the shares acquired on exercise of the warrants are subject to restrictions on resale until Dec. 21, 2009.

The Company paid $9,100 to two parties and issued 72,500 warrants to PI Financial Corp. as finder's fees on a portion of second tranche. The terms for the warrants are the same as those of the financing.

Proceeds of the placement will be applied to ongoing work programs on the Company's current portfolio of properties as well as new opportunities and general working capital.

Correction:
In the news release dated August 19, 2009, the Company stated that 76,000 warrants were issued to PI Financial Corp. This total should have been stated as 600,000.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.