SOURCE: Yale Resources Ltd.

March 15, 2007 12:36 ET

Yale and IMPACT Start Drilling at Zacatecas

VANCOUVER, BC -- (MARKET WIRE) -- March 15, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to report that drilling has started on the Zacatecas Venture. Yale has the right to earn an 80% interest from IMPACT Silver Corp. (IPT-V) in the Zacatecas Venture, which is currently made up of four properties. The San Jose property is the first to be drilled -- this is the first known drilling within the properties that make up the Zacatecas Venture. The drill program will involve approximately 1,100 metres in at least 10 holes.

Historic mines throughout the San Jose property and samples near these mines grading up to 145 ounces per tonne silver (see news release dated October 17, 2006) combined with the recent results from outcrops, show that there is significant exploration potential. The Zacatecas district is one of the most famous historic silver mining districts in Mexico.

A significant aspect to the potential at San Jose is the consistently elevated gold values. Previous sampling of dumps (see news release dated October 17, 2006) identified gold values up to 7.0 g/t. Recent sampling returned 2,180 g/t silver (or 63.5 ounces per ton) and 3.15 g/t gold (see news release dated January 31, 2007).

A new exploration target has been identified within the San Jose claims as recent sampling one hundred and fifty metres away from the known workings and dumps returned silver values up to 531 g/t (15.4 oz/T) and gold values from 0.27 to 0.87 g/t in outcrops over a widespread area.

When drilling has been completed at San Jose, the drill will be moved to another property within the Zacatecas Venture.

Edward Lyons, P.Geo., is the Qualified Person, according to NI 43-101, for the Zacatecas Venture and has reviewed this news release. All samples reported in this news release were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) and the pulps were then shipped to the ALS Chemex laboratory in North Vancouver, Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry.

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 #07-7

Contact Information

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