SOURCE: Yale Resources Ltd.

May 04, 2007 17:37 ET

The Yale Resources Team Continues to Grow

VANCOUVER, BC -- (MARKET WIRE) -- May 4, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to introduce two new members to its growing team.

David Riccio has joined the Company as Investor Relations. He brings to Yale five years of sales and marketing as well as public relations experience. David will be working in-house and can be reached at the Yale Resources offices (604-678-2531).

The Company would also like to introduce Jesus Herrera Ortega as the General Manager of Yale's wholly owned Mexican subsidiary -- Minera Alta Vista S.A. de C.V. Mr. Herrera is a Mining Technician with a Business Management degree. He has been involved in the national program of cartography coordinating the geological mapping of twenty-one states of Mexico since 1999. Mr. Herrera is a qualified Mining Expert registered by the Direccion General de Minas. In addition he is a member of the National Directive Council of the Miners Metallurgists and Geologists of Mexico Association (AIMMGM) and he is the Regional Coordinator and the Organization and Logistics Director of Organizing Committee of the XXVII International Mining Convention, 2007 in Veracruz, Mexico.

In conjunction with this announcement, the Company wishes to announce the grant of incentive stock options under the Company's stock option plan to employees and consultants of the Company to purchase an aggregate of 230,000 treasury shares. The options are exercisable for a period of three years at a price of $0.30 per share and are subject to the policies of the TSX Venture Exchange.

About Yale Resources:

In the six months since Yale Resources has been in Mexico, the Company has optioned two significant projects from value-added partners and has the right to purchase 100% of another. The Company is continuing to identify other opportunities and is in the process of creating a wholly owned Mexican subsidiary. As well as having known mineralized areas and previous production, each of Yale's three current properties are within 10 km of producing mines.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
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.

News Release #07-12

Contact Information

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