Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd.

June 08, 2009 16:05 ET

Yankee Hat Announces CDN$400,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) announces that the Company will be offering a non-brokered private placement (the "Offering") of up to 10,000,000 flow through common shares (the "Shares") in the capital of the Company at a price of CDN$0.04 per share for an aggregate gross proceeds of up to $400,000. The Company reserved the offering price by way of a price reservation form filed with the TSX Venture Exchange (the "Exchange") on June 8, 2009. The Shares issued in connection with this Offering will be subject to a hold period expiring four months and one day after the close of the Offering. In connection with the Offering, the Company may pay a finder's fee of 7% to each of the finders of the Offering.

The net proceeds of the private placement will be used to fund mineral exploration projects in the Yukon Territory of Canada.

This Offering replaces the previously announced $0.05 financing of the Company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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