Yankee Hat Minerals Ltd.
TSX VENTURE : KHT

Yankee Hat Minerals Ltd.

July 17, 2007 09:30 ET

Yankee Hat Announces Drilling Results From its Fran Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Yankee Hat Minerals Ltd. (the "Company") (TSX VENTURE:KHT) is pleased to announce results from five new holes completed at the North Contact Zone of its wholly owned Fran Gold Project in central British Columbia. The results include some of the widest and highest grade intersections encountered to date, including:

- 3.84 grams per tonne gold over 27.6 meters including a higher grade core of 10.62 grams per tonne gold over 8.3 meters in drill hole FR-07-74.

- 2.10 grams per tonne gold over 39.7 meters including higher grade cores of 5.99 grams per tonne gold over 7.4 meters, 3.14 grams per tonne gold over 7.0 meters, and 2.87 grams per tonne gold over 5.6 meters in hole FR-07-71.

- 27.86 grams per tonne gold over 0.6 meters and a separate zone of 0.74 grams per tonne over 24.3 meters in hole FR-07-75.

The winter drilling program at the North Contact Zone was completed in early May and consisted of 17 holes for more than 3,300 meters. The Company has now reported the results of the first 13 of these holes and the results of the remaining holes will be announced as they become available.

The first objective of the winter program was to infill the 250 meter central gap that was left between holes FR-06-50A (west) and FR-06-62 (east) at the end of the 2006 drilling program (see the drill plan map at: http://yankeehatminerals.com/_resources/fran/images/north_contact_drilling_trenching.jpg).

These latest five holes, all located within the central gap, combined previously reported holes FR-07-68 through FR-07-70 (please refer to the Company's News Release dated June, 13, 2007) have successfully in filled the central gap to depths of 140 meters below surface. The results confirm that the North Contact Zone is continuously mineralized over 1,000 meters of strike length, with mineralization beginning near surface. The target remains open along strike in both directions.

A table of drilling highlights is provided below for further reference.

Table 1: Drilling Results from the Central Gap (North Contact Zone)



Inter-
Hole From To val Au Ag Cu Zn
Number (m) (m) (m) g/t ppm ppm Ppm
-------------------------------------------------------------

FR-07-71 34.0 73.7 39.7 2.10 2.2 959 216
Inc. 34.0 41.0 7.0 3.14 3.4 1909 61
Inc. 55.0 60.6 5.6 2.87 3.0 2370 322
Inc. 67.7 73.7 7.4 5.99 5.9 1180 999
104.5 107.4 2.9 1.04 1.3 734 34
116.4 116.9 0.5 1.89 0.4 977 28

FR-07-72 78.9 79.9 1.0 5.18 4.9 747 70
96.6 118.0 21.4 0.25 0.6 221 96
Inc. 96.6 97.8 1.2 1.28 2.4 853 42
Inc. 106.1 106.9 0.8 1.51 7.1 1361 118
Inc. 116.7 118.0 1.3 1.00 1.0 727 77
132.4 133.9 1.5 1.76 0.3 76 27

FR-07-73 146.8 148.4 1.6 1.67 0.3 294 37
180.6 181.7 1.1 1.17 2.8 617 756
193.16 194.16 1.0 4.03 50.0 18400 656

FR-07-74 69.4 70.8 1.4 3.20 5.1 1212 262
111.9 139.5 27.6 3.84 3.9 813 432
Inc. 117.7 126.0 8.3 10.62 10.9 2135 896

FR-07-75 49.0 49.6 0.6 27.86 1.8 980 72
77.8 102.1 24.3 0.74 1.6 475 142
Inc. 77.8 79.35 1.55 1.17 5.0 339 43
Inc. 84.95 98.6 13.65 1.13 1.6 595 229
Inc. 92.3 92.85 0.55 6.99 10.8 1786 2025
115.95 126.5 10.55 0.98 2.4 733 198
Inc. 123.3 124.5 1.2 3.86 7.3 1874 993
-------------------------------------------------------------


The remaining assay results from the winter drilling program will be released as they become available.

Wayne Murton, P. Eng. is the Qualified Person under National Instrument 43-101 who is supervising the Fran exploration program. All analytical work was completed by EcoTech Laboratories Ltd. of Kamloops B.C. using standard assay procedures for gold analysis; with any gold values greater than 1 g/t going to a metallics assay. 30 element I.C.P. has been completed on all samples.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals is a Vancouver, British Columbia based, mineral exploration company that trades on the TSX Venture Exchange under the symbol KHT. Currently the company is actively exploring two gold projects in British Columbia: the Fran property located 60 kilometers north of Fort St. James; and the Union Mine property located 55 kilometers north of Grand Forks. For more information please visit the company website at http://www.yankeehatminerals.com or contact investor relations at 877-646-0049 or info@yankeehatminerals.com.

ON BEHALF OF THE BOARD

Brad Kitchen, President and Director

This news release has been prepared by management.

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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