Yorbeau Resources Inc.

Yorbeau Resources Inc.

November 10, 2010 08:30 ET

Loeb Aron Issues Research Note on Yorbeau's Rouyn Property

MONTREAL, QUEBEC--(Marketwire - Nov. 10, 2010) - Yorbeau Resources Inc.("Yorbeau")(TSX:YRB.A) is pleased to announce that Loeb Aron & Company, a London based mining finance house, has published a research note on the Company. Loeb Aron specializes in producing detailed research on mining and exploration companies worldwide and is qualified in all aspects of mining, mineral exploration, geophysics and numerical modeling. Highlights of the Loeb Aron report include the following:

  • The Company controls on its Rouyn property located on the Cadillac Larder Lake Break two well-defined projects, Augmitto and Astoria.
  • To the west lies Augmitto which has a historical 1980's resource in the order of 300,000 ounces and which has potential access via a flooded decline and a 250m shaft.
  • Astoria, some 6km to the east, has a NI 43-101 compliant resource (mainly measured and indicated) of similar size and a cement lined production shaft some 500m deep.
  • Both projects are amenable to moderate increases in resources via further drilling on nearby zones already outlined.
  • Exploration on the Rouyn property at depths of 200 to 600 meters between the Augmitto and Astoria deposits over the last few years has been successful in outlining the potential for a further one to two million ounces of gold.
  • Loeb Aron believes that, while a variety of approaches are available to Company management, the extent of pre-existing surface and underground infrastructure and a >350,000m historical drill database calls for development of the mining projects.
  • Loeb Aron believes that value can be added by bringing both Augmitto and Astoria projects towards production over the next 2 to 3 years.
  • Due to many millions of dollars worth of existing infrastructure, the capital requirements are reduced.

The Loeb Aron Research Note is available on the Company's website at www.yorbeauresources.com.

The Loeb Aron Research Note was provided under the terms of a consulting agreement with Yorbeau pursuant to which Loeb Aron will be available to management of Yorbeau for a period of twenty four months from the date of the agreement to provide advice regarding corporate development and financing strategies and presentation of the Company.

About Yorbeau Resources Inc.

The raison d'être 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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