SOURCE: Yale Resources Ltd.

March 01, 2007 16:23 ET

Yale Adds Mexican Expertise to Its Team

VANCOUVER, BC -- (MARKET WIRE) -- March 1, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to introduce Mr. Ezra Jimenez, LLM, MBA as the Company's Manager of Mexican Operations.

For the past 15 years Mr. Jimenez was a partner of a law practice based in Mexico City, where as part of his practice he assisted foreign companies in structuring multi-million dollar acquisitions and mergers. In addition, he has acted as a legal/business counselor for various Mexican companies including mining companies as well as banks and insurances companies. Mr. Jimenez obtained a Bachelor's degree in Law from La Salle University in Mexico City and an MBA from the Instituto Tecnologico Autonomo de Mexico. Mr. Jimenez has specialized in diverse aspects of Mexican Law that includes arbitration and negotiations, environmental law, tax law, and constitutional law.

In his role as Manager of Mexican Operations, Mr. Jimenez will assist the company with all its current activities in Mexico as well as aid in identifying new opportunities.

In conjunction with this announcement, the Company wishes to announce the grant of incentive stock options under the Company's stock option plan to directors, officers, and employees of the Company to purchase an aggregate of 620,000 treasury shares. The options are exercisable for a period of three years at a price of $0.35 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 #07-6

Contact Information

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