Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd.

May 28, 2009 18:05 ET

Yankee Hat Issues Shares for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2009) - Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) - Further to our news release of March 11, 2009, the Company announces that the TSX Venture Exchange has accepted filing for a second shares for debt transaction. The Company has issued 2,824,298 common shares to extinguish $141,214.88 of debt.

Following this debt settlement Yankee Hat will have 80,278,836 common shares issued and outstanding.


P. Bradley Kitchen, President, CEO, and Director

This news release has been prepared by management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbour.

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.

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