Yankee Hat Minerals Ltd.
TSX VENTURE : KHT

Yankee Hat Minerals Ltd.

September 21, 2007 09:00 ET

Yankee Hat Positions for Rapid Expansion

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2007) - Yankee Hat Minerals Ltd. (the "Company") (TSX VENTURE:KHT) announces that it plans to expand and pursue the acquisition of undervalued gold prospects in both North and South America. The Company's Fran Project, located in Northern British Columbia, provides a very solid asset foundation upon which the Company can build an attractive portfolio of gold prospects.

With the recently announced changes to the board of directors and management, Yankee Hat now has access to a strong network to source world class gold exploration and development opportunities. Equally important is management's ability to access capital markets in order to fund and exploit these opportunities.

Yankee Hat's directors and management recognize that a more comprehensive investor relations program is required to create awareness of the Company's aggressive expansion plans. For this reason, Yankee Hat is pleased to announce that it has retained Bay Street Connect to provide investor relations and financial communications services to the Company. Bay Street Connect, a Toronto based employee-owned firm, provides communications services to Canadian public companies, primarily in the mining sector. The contract with Bay Street Connect is for an initial term of six months and can be terminated with 30 days notice. Bay Street Connect will be paid a monthly retainer of $5,000 and will be granted 240,000 options, exercisable at a price of $0.18. The options shall vest in increments of 25% in each of the first four quarters, and are governed by the terms and conditions of the Company's stock option plan. The principals of Bay Street Connect are Gus Garisto, Steve Veitch, and Michael D'Amico. The contract with Bay Street Connect is subject to approval by the TSX Venture Exchange.

"Current market conditions have created an opportunity to acquire undervalued gold projects and Yankee Hat is positioning itself to exploit these opportunities," stated Brad Kitchen, President. "Our new management team has demonstrated its ability to capitalize on opportunities to create significant value for our shareholders. Further, teaming with Bay Street Connect gives Yankee Hat a presence and access to institutional and retail brokerage networks in Toronto."

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd. is a Canadian gold exploration company that trades on the TSX Venture Exchange under the symbol KHT. Yankee Hat's goal is to combine its expertise in mineral exploration and evaluation, with its financial acumen, to exploit undervalued gold properties. The Company's focus has expanded and will include opportunities in North and South America.

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 harbour.

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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