Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd.

June 08, 2007 18:01 ET

Yankee Hat Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2007) - Yankee Hat Minerals Ltd. (TSX VENTURE:KHT)(the "Company") announces that it intends to complete a non-brokered private placement, subject to regulatory approval, to raise up to $660,000 by the issuance of 6,600,000 Units priced at $0.10 per Unit.

Each Unit will consist of one share of the Company and one-half of one share purchase warrant. Each whole warrant will be exercisable at a price of $0.15 per share for up to one year from the date of issue.

The Company intends to use the net proceeds from the financing for exploration expenses on the Company's projects and for general working capital.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals is a Vancouver, British Columbia based, mineral exploration company listed on the TSX Venture Exchange under the symbol KHT. The Company is focused on identifying and developing high potential gold properties in Canada. By concentrating its efforts on Canadian prospects, the Company operates within an environment offering political stability, sound infrastructure, and a skilled labour force.

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.


Terry R. Fields, President and Director

This news release has been prepared by management. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. 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.

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