SOURCE: Yale Resources Ltd.

May 11, 2006 13:45 ET

Yale Set to Start Reverse Circulation Drill Program at the Makuru Gold Property, Namibia

VANCOUVER, BC -- (MARKET WIRE) -- May 11, 2006 -- Yale Resources Ltd. (TSX-V: YLL) and (Frankfurt: YAB) is pleased to report that a reverse circulation drilling program is scheduled to start next week at the Makuru gold property, located in Namibia, southwest Africa. The Makuru property is optioned from Helio Resource Corp. (TSX-V: HRC). This first drill program is planned to be approximately 1,500 metres.

Over the past year the Company has advanced the Makuru property from a grassroots prospect to the drill stage.

This drill program will concentrate on three drill targets located within the central 2.5 by 4.5 km portion of the property. The highest priority target is a +3 km long IP geophysical anomaly that has coincident anomalous gold/copper/silver/pathfinder elements in both soils and the underlying bedrock (see previous Company press release dated April 10, 2006). Interpretation of the geophysics results suggests that this central feature starts at a depth of approximately 75 metres.

The second target at Makuru is defined by a series of geochemical anomalies that appear to be associated with a crosscutting regional structure. This structure has been interpreted to offset the stratigraphy found at Makuru from that of the neighbouring Vredelus property. The Vredelus property -- located immediately to the east of Makuru -- is under option to Teck Cominco, who recently completed a 2,800 metre RC drill program (with results pending). The third target, located in the westernmost portion of the grid has been defined from geochemical sampling.

The exploration target at Makuru is a gold bearing skarn hosted vein system similar to AnglogoldAshanti's 5.2 million ounce Navachab gold mine located 90 km to the southwest and Teal Exploration and Mining Inc.'s 0.85 million ounce Otjikoto gold deposit located 150 km to the northeast of Makuru.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
President
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.

For additional information on Yale Resources please contact the Company at 604-678-2531 or to be added or removed from our e-mail list through info@yaleresources.com.

Contact Information

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