Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to provide an update on its partners' activities on the four projects that Yale currently has out under option. These agreements combine for required minimum expenditures totalling US $750,000 over the next year. Yale is the operator on each of the projects.

American Sierra Gold has completed the required expenditures of $300,000 to complete the first year of the option agreement at Urique. A sampling program at the El Rosario target identified a new gold rich zone (see news release dated November 17, 2009) with highlights from the underground sampling of: 9.74 g/t gold and 356.7 g/t silver over 1.68 m, 2.16 g/t gold and 92.5 g/t silver over 2.93 m, 3.60 g/t gold and 108.2 g/t silver over 1.87 m, and 3.69 g/t gold and 112.7 g/t silver over 1.10 m. American Sierra has minimum expenditures of US$ 500,000 during the second year of the option agreement.

Silver Sun Resources has completed the minimum of $200,000 of expenditures required for Silver Sun to earn 100% of Yale's interest at the Zacatecas Venture. Yale's minority partner for the Zacatecas Venture, IMPACT Silver Corp., chose to not participate in the 2009 exploration program and as a result of Silver Sun's expenditures Yale's interest in the properties has increased from 65% to 73%. To fulfill the terms of the agreement Silver Sun will have to make a final payment to Yale in cash and/or shares.

Yale's partner in the Dos Naciones project, Del Torro Silver, has yet to perform exploration on the project and has until July 7, 2010 to complete a minimum of US $150,000 of work. The focus at Dos Naciones will initially be the high grade silver-lead veins at the Josefina target where previous sampling (see news release dated February 10, 2009) of mineralized dump material at the entrance to a small historical working returned 591.0 grams per tonne silver and 12.6 % lead. The Josefina target, located at the geographic centre of the property, consists of a series of sub-parallel veins ranging from 0.5 to 3.0 metres in width that have been traced over a strike length of at least 250 metres and the target remains open in all directions.

At the Carol Property, American Sierra Gold has performed a due diligence trenching program. We are currently awaiting the results of this program. American Sierra paid Yale US$25,000 upon signing of the Letter of Intent with Yale for an option to earn a 100% interest in the property by paying Yale an additional US $ 25,000, spending US $ 600,000 on exploration expenditures and issuing 500,000 shares to Yale over three years.

Correction:

The Company would like to correct the hold and expiry dates of the recently completed first tranche financing (see news release dated December 18, 2009).

The warrants will expire on December 19, 2010. The shares forming part of the units and the shares acquired on exercise of the warrants are subject to restrictions on resale until April 19, 2009.

Samples from Urique were prepared and analyzed by IPL Inspectorate in their facilities in Mexico and Vancouver, respectively. Samples generally consisted of 1-3 kg of material. Gold and silver analyses were performed by 30 gram fire assay with an AA finish. Samples with greater than 1 g/t gold were re-assayed using gravimetric methods.

Samples from Dos Naciones 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 and base metals 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% zinc (over limit) were re-analyzed using ALS Chemex's 'ore grade' detection limits.

Ian Foreman, P.Geo., is Yale Resources' Qualified Person, as defined by National Instrument 43-101, for the Urique Project, the Zacatecas Venture, the Carol Property and the Dos Naciones Property.

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.