SOURCE: Yale Resources Ltd.

January 18, 2007 14:08 ET

Yale Re-Starts Multiple Field Programs in Mexico

VANCOUVER, BC -- (MARKET WIRE) -- January 18, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to report that exploration programs on the Urique Project and Zacatecas Venture have re-started after the Christmas break. Yale has the right to earn a 75% interest in the Urique Project from EXMIN Resources Inc. (TSX-V: EXM) and the right to earn an 80% interest in the four properties that make up the Zacatecas Venture from IMPACT Silver Corp. (TSX-V: IPT).

In addition, the Company is organizing a field program for its wholly owned Carol copper-zinc property and is vetting additional opportunities in Mexico.

The Zacatecas Venture -- preparation for drill program:

Fieldwork has re-started on the Zacatecas Venture -- currently made up of four properties. To date 121 samples have been taken from various workings and outcrops on the Salvador and San Jose claims. The continuing fieldwork will finish sampling and geological mapping at Salvador and San Jose as well as complete the sampling and mapping on the San Sabino and Zacatecas claims. Results are pending and will be released once they have been received by IMPACT Silver -- the operator of the exploration programs.

The exploration targets at Zacatecas are bonanza grade silver veins that have been the subject of mining in the district since the arrival of the Spanish some 450 years ago. Each of the properties in the Zacatecas Venture has seen past production as evidenced by the numerous shafts and old waste dumps that have been identified to date. These dumps (see news release dated October 17, 2006) have averaged greater than 250 g/t silver in initial sampling.

IMPACT has a diamond drill that has been committed to the Zacatecas Venture and this drill is expected to start a first phase drill program on the properties during the first quarter of this year.

The Urique Project -- detailed sampling to define drill targets:

There are currently two field crews working on the 290 square kilometre Urique Project. The first field crew is finishing work on the Cerro Colorado target. The Cerro Colorado target is a 2+ km long structurally controlled breccia, which initial sampling by EXMIN showed +1 g/t gold occurring at a series of locations along the entire strike length of the structure.

The current program at Cerro Colorado is designed to fully test this mineralization by detailed geological mapping and sampling. The goal of this program is to define drill targets for a significant drill program planned for late 2007. Results from this first phase of exploration are pending and will be released when the partners have received the full data set and have integrated the results into the growing database that the partners have for the Urique Project. When this crew is finished at Cerro Colorado they will move to the San Pedro target area where the partners have sampled some bonanza grade quartz veins (see news release dated September 6, 2006).

The second field crew has been dispatched to the southern portion of the property where there are four known mineralized target areas. This initial recognisance program is programmed to take two months and result in the partners being able to prioritize the targets for detailed follow-up work programs to take the targets to the drill ready stage.

The main exploration targets within the Urique Project are large-scale precious metal mineralized systems. The Urique Project contains 7 mineralized targets, which include several historic mines and numerous small-scale workings. The Urique Project is located immediately north of Goldcorp's El Sauzal property, currently in production and host to over 2 million ounces of gold, and immediately south of Kimber Resources' Monterde Project, which is host to a reported 800,000 ounces of gold and 45 million ounces of silver.

Ian Foreman, P.Geo., President of Yale, is the Qualified Person, as defined by National Instrument 43-101, for the Urique Project and the Zacatecas Venture.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President
For Investor Relations please call Contact Financial at 604-689-7422.

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

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

    Investor Relations:
    604-689-7422