Yankee Hat Minerals Ltd.
TSX VENTURE : KHT

Yankee Hat Minerals Ltd.

November 29, 2007 12:49 ET

Yankee Hat Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Yankee Hat Minerals Ltd. (the "Company" or "Yankee Hat") (TSX VENTURE:KHT) announces that it intends to complete a non-brokered private placement, subject to regulatory approval, to raise up to $1,000,000, comprised of 6,666,667 units, priced at $0.15 per Unit (the "Offering").

Each Unit consists of one Common Share and one half (1/2) Share Purchase Warrant with one full Share Purchase Warrant required to purchase one common share at a price of $0.22 per share for up to one year from the date of closing. Finder's fees may be paid in connection with the offering.

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

About Yankee Hat Minerals Ltd.

Yankee Hat's goal is to combine its expertise in property evaluation and mineral exploration, with its financial acumen, to exploit undervalued gold properties in North and South America.

ON BEHALF OF THE BOARD OF DIRECTORS

Brad Kitchen, President and Director

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 harbour.

This news release has been prepared by management. 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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