Yorbeau Resources Inc.
TSX : YRB.A

Yorbeau Resources Inc.

August 17, 2009 17:15 ET

Yorbeau Raises $852,277 Pursuant to Its Rights Offering

MONTREAL, QUEBEC--(Marketwire - Aug. 17, 2009) - Yorbeau Resources Inc. ("Yorbeau") (TSX:YRB.A) is pleased to announce that its rights offering generated gross proceeds of $852,277. Under the offering, 6,087,696 Class A shares, of which 3,043,848 are flow-through shares, have been issued at a subscription price of $0.14 per share. Net proceeds of the offering will be used to incur Canadian exploration expenses on its properties and to provide general working capital.

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.

Contact Information