News Release #09-22

Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report that it has signed a Letter of Intent with American Sierra Gold Corp. for the option to earn a 100% interest in Yale's wholly owned Carol Project located in southern Sonora State, Mexico.

To earn a 100% interest American Sierra will be required to pay Yale US $ 50,000, spend US $ 600,000 on exploration expenditures and issue 500,000 shares to Yale over three years. Yale will act as the operator for the project. Yale has received $25,000 and will receive an additional $25,000 and 100,000 shares in American Sierra upon signing of the definitive agreement.

"Yale now has four properties optioned out to value added partners. We are proud to have a portfolio of properties that continues to attract the attention of third parties. The current agreements we have in place with our partners combine for minimum commitments of $750,000 of exploration expenditures over the next 12 months", stated Ian Foreman, P.Geo., President of Yale.

About Yale Resources:

Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation while concentrating on key projects. Currently Yale is dedicated to advancing the Orofino gold/silver project to the drilling stage as rapidly as possible.

On behalf of the Boards,

"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.