Yorbeau Resources Inc.

Yorbeau Resources Inc.

December 18, 2009 10:58 ET

Yorbeau Closes Second Tranche of Private Placement

MONTREAL, QUEBEC--(Marketwire - Dec. 18, 2009) - Yorbeau Resources Inc. (TSX:YRB.A) is pleased to announce that the Company has closed a second tranche of an equity private placement financing of up to $4 M. Under this second tranche, the Company has issued 5,516,000 common shares at a price of $0.25 per share for gross proceeds of $1,379,000. To date, the Company has raised a total of $2,729,000 under this financing and expects to close the third and final tranche in early January 2010. Proceeds of the offering will be used primarily to fund the Company's 2010 exploration program on its Rouyn property which will commence in early January.

About Yorbeau Resources Inc.

The raison d'etre of Yorbeau is to identify a world class gold deposit in a major mining camp. Against the backdrop of a market that is steadily more welcoming for gold, Yorbeau is poised to significantly increase the known gold resources on its properties in Northern Quebec.

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.


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