SOURCE: Yale Resources Ltd.

February 20, 2008 10:55 ET

Yale Adds Significant Piece of Land to the La Verde Project

VANCOUVER, BC--(Marketwire - February 20, 2008) - Yale Resources Ltd. (TSX-V: YLL)(FRANKFURT: YAB) is pleased to announce that it has agreed to purchase the La Cobriza Property, located within the La Verde Project and completely surrounded by land staked/owned by Yale Resources. The La Cobriza property is host to at least ten small historic workings that were exploring for/exploiting high-grade copper-silver-zinc-gold mineralization. With the addition of the 330 hectares that make up La Cobriza, the La Verde Project now covers 2,940 hectares or 29.4 square kilometres.

A sampling program by the Consejo de Recursos Minerales in 1982 showed that there is skarn mineralization irregularly distributed over a strike length greater than 500 metres. Twenty-five widely spaced chip channel samples from the various historic workings throughout this area ranged from 0.28 to 5.45% copper, 0.15 to 8.60% zinc, 3.90 to 578.00 g/t silver and 0.1 to 11.1 g/t gold (note: these samples are included for reference only as they are historical in nature due to them being collected before the creation of NI 43-101).

"This ground is a very important addition to the La Verde Project as there are several geological and structural trends that have been identified that cross the La Cobriza property," stated Ian Foreman, P.Geo., president of Yale Resources. "Yale now has control over all of the significant known mineralization in the vicinity of the La Verde Grande Mine and we will be able to fully take advantage of having unencumbered access to test the multi-million tonne potential of the property."

A confirmatory sampling and mapping program has been completed by Yale personnel.

Yale has a formal agreement in place with Metales Preceiosos Atlas S.A. de C.V. for the option to purchase the La Cobriza property. Yale has agreed to pay $50,000 Canadian and issue 800,000 shares over a two-year term for a 100% interest in the property. There is no NSR, nor any royalties associated with this purchase.

Ian Foreman, P.Geo, is the Qualified Person, according to National Instrument 43-101, for the La Verde Project and is responsible for the technical data mentioned in this news release. All 'Historic Data' is presented for reference only and should not be relied upon as it pre-dates NI 43-101.

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.

Contact Information

  • Contact:
    Yale Resources Ltd.
    600 -- 890 West Pender St.
    Vancouver, B.C.
    V6C 1K4

    Phone: 604-678-2531
    Fax: 604-678-2532