Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd.

December 07, 2011 13:54 ET

Yankee Hat Sets Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2011) - Yankee Hat Minerals Ltd. (TSX VENTURE:KHT) ("Yankee Hat" or the "Company") announces that it has set its annual general meeting at Suite 1500 - 1055 West Georgia Street, Vancouver, British Columbia, on Tuesday, December 20, 2011, at 9:00 a.m. (Vancouver time). The shareholders of the Company will be asked to approve, among other things, the ability for the directors to consolidate its common shares (the "Common Shares") on the basis of up to twenty-five (25) existing Common Shares for one (1) new Common Share, herein referred to as the Consolidation.

Currently there are 131,006,203 Common Shares issued and outstanding. It is anticipated that if the directors implement the Consolidation then the issued and outstanding Common Shares would be in the range of 5,240,248 on a post-consolidation basis.

The Board of Directors currently has no immediate plans to implement the Consolidation but, are asking the shareholders of the Company for approval should an opportunity arise that may require a Consolidation during the next year. If a Consolidation is implemented it will remain subject to acceptance of the TSX Venture Exchange and other regulatory approvals as may be necessary.

Further details with regard to the background of the Consolidation are contained in the Company's management proxy circular dated November 15, 2011, a copy of which is available electronically at www.sedar.com.


P. Bradley Kitchen, C.E.O.

Neither 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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