SOURCE: Yale Resources Ltd.

July 18, 2007 12:21 ET

Yale Ready to Start Work on La Verde and Adds Exploration Manager to Its Team

VANCOUVER, BC--(Marketwire - July 18, 2007) - Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to announce that the Company has signed an access agreement with the local land owner who has the surface rights that cover a majority of the La Verde Project and that the State of Sonora has accepted for filing an environmental impact report covering the La Verde Project.

In addition, the Company would like to announce the appointment of Julio Lopez as Exploration Manager of Yale's wholly owned Mexican subsidiary Minera Alta Vista S.A. de C.V. Mr. Lopez is a geologist with over 20 years' experience and has worked as a consulting geologist for a number of Canadian Junior and Senior companies. Mr. Lopez is based in Hermosillo, Mexico. He will supervise Yale's exploration programs in Sonora and generate new opportunities for the Company.

The access agreement for La Verde is a key step to moving forward with a widespread exploration program, as it appears that previous operators had restricted access to certain portions of the property. The environmental impact report is valid for 2 years and allows for the drilling of at least 3 target areas within the property.

"My goal is for Minera Alta Vista to set the standard for community relations and environmental responsibility with the La Verde Project. We need to get started on the right foot -- it is very important to have all agreements and permits in place before we start working in a new area," stated Ezra Jimenez, LLM, Yale's Manager of Operations for Mexico.

About the La Verde property:

The La Verde property covers 2,200 hectares (22 square kilometres) and is located 45 km northwest of Hermosillo, Sonora State, Mexico. The property contains the historic La Verde Grande copper-zinc-silver-gold mine, a skarn deposit with historic -- pre NI 43-101 -- resources of 459,551 tonnes grading 2.29 % copper, 98.54 g/t silver and 0.38 g/t gold (Note: this resource has not been fully verified by the Company and investors are cautioned that it should not be relied upon).

In addition to the possible extensions to the La Verde Grande mine, the La Verde property has considerable exploration potential as there are six other known targets that have all seen limited production. Past exploration work on this property points to the presence of both skarn and porphyry related mineralization.

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 #07-17

Contact Information

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