SOURCE: Yale Resources Ltd.

November 30, 2006 13:49 ET

Non Brokered Financing Increased

VANCOUVER, BC -- (MARKET WIRE) -- November 30, 2006 -- Yale Resources Ltd. (TSX-V: YLL) and (FRANKFURT: YAB) is pleased to announce that the extra demand for the non brokered private placement of up to 2 million units at a price of $0.20 per unit to raise a total of up to $400,000 -- announced on November 17, 2006 -- has resulted in the Company increasing the placement to 2,375,000 units for total proceeds of $475,000. A unit will consist of one share and one non-transferable share purchase warrant valid for two years. A share purchase warrant will entitle the holder to purchase one additional share at a price of $0.25 per share during the first year and $0.35 during the second year. The Company may pay a finder's fee in connection with the placement in accordance with Exchange policies.

Proceeds of the placement will be applied to work programs and new opportunities in Mexico as well as general working capital. Completion of the placement is subject to the approval of the TSX Venture Exchange.

About Yale Resources:

Yale Resources is a growth-oriented company that is aggressively exploring an expanding portfolio of Mexican properties. With the purchase of a 100% interest in the Carol Property, Yale has transitioned into a Project Generator and will continue to seek additional opportunities in Mexico. Yale plans on having a majority of its projects advanced to the drill stage during 2007.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
For Investor Relations please call Contact Financial at 604-689-7422.

For additional information on Yale Resources please call the Company at 604-678-2531.

The TSX Venture Exchange has not reviewed and does not accept 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.

Contact Information

  • Yale Resources Ltd.
    600 - 890 West Pender St.
    Vancouver, B.C.
    V6C 1K4, Canada
    Phone: 604-678-2531
    Fax: 604-678-2532

    News Release #06-24