SOURCE: Yale Resources Ltd.

February 15, 2007 13:49 ET

Trench Results From Cerro Colorado, Urique Project

VANCOUVER, BC -- (MARKET WIRE) -- February 15, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to report that trench results from the Cerro Colorado target of the Urique Project has confirmed that there are multiple zones with +1 g/t gold and +32 g/t silver. This work has now advanced the target to the drill ready stage.

The significant conclusions regarding the Cerro Colorado target are:

- high grade mineralization exists within the structure:
   - highest gold grade to date is 21.4 g/t Au over 2.0 m (Mina Guadalupe)
   - highest silver grade to date is 637.0 g/t Ag over 2.0 m (El Vergel)
- the mineralized structure has a mapped strike length of +2.5 km
- the length of the structure remains open in both directions
- only the upper level of the epithermal system appears to be exposed
Yale has the right to earn a 75% interest in the Urique Project from EXMIN Resources Inc. (TSX-V: EXM). The Cerro Colorado target is one of seven areas of mineralization and alteration within the Urique project and is located in the northern portion of the property -- about 23 km southeast and along the regional trend from the Monterde Project being explored by Kimber Resources.

The following table contains the highlights from the sampling program:

Trench        Area          Width(m)   Au(g/t)    Ag(g/t)
5000+258      El Vergel        14.8     0.37       112.6
including:                      4.0     1.09       337.4
5000+527      El Vergel        6.05     0.69        32.4
5000+500      El Vergel         7.3     0.66        30.6
and:                           12.5     0.96        21.0
including:                      6.3     1.88        21.7
5000+593      El Vergel         2.1     0.34        38.4
5000+761                        7.3     1.98        42.9
including:                      1.5     5.07        71.5
5000+865                        4.5     1.79        25.9
6000+870      Mina Guadalupe    9.1     5.46        36.0
including:                      3.0    16.08        42.8
and:                            2.6    11.55        44.3
and:                            3.0     3.51        45.7
6000+885      Mina Guadalupe    2.1     0.73        39.5
6000+917      Mina Guadalupe    2.0     5.28        53.9
and:                            2.7     1.17        43.4
6000+926      Mina Guadalupe    2.2     2.14        43.1
This recently completed portion of the ongoing exploration program consisted of geologic mapping, trenching and rock chip sampling along the previously identified structural zone in order to define drill targets. More than 400 rock chip samples have been taken. The best assays received to date are 21.4 g/t gold and 637 g/t silver -- both samples taken over two metre widths in trenches 6000+870 and 5000+258, respectively.

In two areas within the Cerro Colorado target -- El Vergel and Mina Guadalupe -- there is evidence of small-scale mining. These two areas with the best developed mineralization are located in narrow river valleys in topographically low areas and may indicate that the structural zone is better developed at depth. The workings are located approximately 2 km apart and the structure has now been traced over the higher ground between the two areas for a total known strike length of approximately 2.5 km. Trenches at higher structural levels show indications of broad silicification and veinlets of silica that appear to have formed at low temperatures, and generally have anomalous values of the indicator elements mercury and antimony along with weakly anomalous silver and gold. This area may overlie stronger mineralization at depth, which will have to be tested by drilling.

Ongoing exploration at Urique:

Exploration is ongoing at Urique with two field crews working to advance the other six of seven known mineralized zones during the coming months.

Ian Foreman, P.Geo., President of Yale, is the Qualified Person, as defined by National Instrument 43-101, for the Urique Project. In addition, Dr. Craig Gibson, PhD., Executive Vice President of Exploration for Exmin Resources, is responsible for all of Exmin's technical programs and information and has reviewed this news release.

All of these samples were prepared and analyzed by ALS Chemex at their labs in Mexico and Vancouver and generally consisted of 1-3 kg of material. Gold analyses were performed by 30-gram fire assay with an AA finish; one sample with more than 10 g/t gold (overlimit) was analyzed using gravimetric methods. Silver was analyzed as part of a multi-element ICP package using an aqua regia digestion; one sample with more than 100 g/t silver (overlimit) was analyzed by AA.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
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 #07-4

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

Contact Information

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