Yellowhead Mining Inc.
TSX VENTURE : YMI

Yellowhead Mining Inc.

May 11, 2011 09:05 ET

Yellowhead Mining Appoints Alastair Tiver, Vice President, Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Yellowhead Mining Inc. (TSX VENTURE:YMI): The Company announces the appointment of Alastair Tiver as Vice President Operations effective 16 May, 2011.

Alastair Tiver, P.Eng., holds a Bachelor of Engineering in Mining, from South Australian University along with an MBA from Curtin University in Western Australia. Alastair has 24 years of broad international experience in operating and consulting roles ranging from exploration stage to large scale operating mines in a variety of commodities. Most recently as the Chief Engineer of Copper Mountain Mining Corporation, he was a key member of the management team responsible for bringing the Copper Mountain Project, located near Princeton, BC, back into production. Prior to Copper Mountain, he was with bcMetals Corp. as its Chief Mining Engineer, which advanced the Red Chris copper/gold porphyry project to a pre-development/financing stage at which time that company was taken over by Imperial Metals Corp.

Ian Smith, CEO, comments, "I am delighted that Alastair has joined the Yellowhead Mining team that is committed to the development of its Harper Creek Project. Alastair and I worked closely together on the Red Chris project and I look forward to his support and extensive experience as we continue advancing Harper Creek through feasibility, permitting, project financing, construction and startup. Harper Creek will be one of BC's largest copper mines and will inject new life into the economy of the North Thompson River Valley, an area that has suffered with the downturn in the forest industry."

About Yellowhead Mining Inc.

Yellowhead has a 100% interest in the Harper Creek Project, (subject to the payment of a 3% NSR royalty capped at $2.5 million, adjusted for inflation) and an additional 2.5% NSR royalty on an estimated 3.3 million tonnes of ore which is expected to be mined beginning in year nine within the NI 43-101 resource. The Harper Creek Project is a large copper-gold-silver project located in south-central British Columbia, approximately 150 kilometers by highway from Kamloops. A Preliminary Economic Assessment Report, which demonstrated the technical and economical viability of Harper Creek, was completed at the end of March and filed on SEDAR on 1 April, 2011 and can be viewed on www.sedar.com.

FORWARD-LOOKING STATEMENTS

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Filing Statement filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.

Neither the TSX Venture Exchange Inc. 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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