Yankee Hat Minerals Ltd.
TSX VENTURE : KHT

Yankee Hat Minerals Ltd.

May 04, 2011 08:30 ET

Yankee Hat Minerals Sets Plan for 2011 Summer Work on Bullion Alley

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) - Yankee Hat Minerals Ltd. (TSX VENTURE:KHT) ("Yankee Hat" or the "Company") announces that is has finished evaluating its successful winter drill program at the Fran Property. All eight of the drill holes contained gold and expanded the known gold zones of the Bullion Alley sector to over 700 meters laterally. A strike length of 2 kilometers was evaluated to a vertical depth of 300 meters.

The 2011 summer field season will further test surface outcrops on the Bullion Alley gold zone and, for the first time, the Company will begin exploration on the vast eastern part of the Fran Property. Previous prospecting and stream sediment sampling on the eastern part of the property has identified copper and gold mineralization associated with intrusions. This part of the property is consistent with the geology of the region, known to host significant Cu-Au porphyry-type deposits such as Mt. Milligan located only 30km to the east.

"The addition of an exploration program to a known area of significant gold mineralization is an exciting step forward for Yankee Hat," said David Matousek, President of Yankee Hat. "The work to be done on the eastern part of Fran will outline areas of interest for a potential drill program."

Jean-Philippe Desrochers, Ph.D., P.Geo., is a qualified person registered in Quebec as defined by NI-43-101 and has reviewed the technical information that this news release contains.

About the Fran Property

The Fran property is located in central British Columbia approximately 60 kilometres north of the city of Fort St. James. The region is well known for its abundance of large scale deposits and mines, most notably the Mount Milligan deposit which is located 30 kilometres northeast of the property and the Kemess South mine located approximately 250 km to the north. The original Fran property consisted of eight mineral claims covering approximately 4,000 hectares. Staking to the east, south and west has expanded the property to 10,200 hectares to cover areas with anomalous gold and copper mineralization and favorable geology.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd. is a publicly held resource exploration company that utilizes its management's expertise in mineral exploration and evaluation, and financial acumen, to identify, acquire, and develop mineral prospects in mining friendly jurisdictions with the potential to host large-scale discoveries. The company strategically focuses on commodities that have strong underlying price fundamentals such as gold and precious metals, rare earth elements and tungsten. The Company's website at www.yankeehatminerals.com and public filings at www.sedar.com provide additional information on its projects and other information with respect to its management and operations.

ON BEHALF OF THE BOARD

P. Bradley Kitchen, Chief Executive Officer

Neither the 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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