Yellowhead Mining Inc.

Yellowhead Mining Inc.

June 01, 2011 09:05 ET

Yellowhead Mining Inc. Appoints VP Environment, Community & First Nations Relations; Also Manager, Corporate Administration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2011) -Yellowhead Mining Inc. ("Yellowhead") (TSX VENTURE:YMI) is pleased to report two recent management appointments.

Charlene Higgins:Vice President Environment, Community & First Nations Relations

Charlene Higgins has a Master of Science and a Doctorate Degree in Ecology from the University of British Columbia. Charlene has over 14 years experience working with Aboriginal communities and organizations as a senior policy advisor and negotiator. She has participated as an expert and advisor in international (United Nations), national and provincial arenas on issues pertaining to the sustainable use and management of natural resources. Charlene is a member of the Canadian Standards Association (CSA) Technical Committee on Sustainable Forest Management, the Pan European Forest Certification (PEFC) National Governing Body, and the BC First Nations Environmental Assessment Technical Working Group.

Darlene Lynch: Manager, Corporate Administration

Darlene Lynch was Corporate Secretary and Executive Administrator at Polaris Minerals Corporation, a TSX listed company, from June 2004 to April 2011. At Polaris, Darlene successfully filled a wide variety of roles including ensuring compliance with corporate reporting and filing regulations, authoring various regulatory and policy documents, office management, option plan administration, executive and board support, meeting planning, employee benefits administration, and corporate communications. Darlene holds an Honours Bachelor of Business Administration degree from Wilfrid Laurier University and is a member of the Canadian Society of Corporate Secretaries. Prior to Polaris, Darlene was employed in the property management industry.

Ian Smith, President & CEO commented: "We are extremely fortunate that these two very talented professionals have joined the Yellowhead team. Charlene will be responsible for the stewardship of the company's environmental program and our very important relations with the local and First Nations communities. She will be working very closely with former Simpcw Chief, Keith Matthew who is now an advisor to the Yellowhead Board. As the Harper Creek Project will draw its workforce from the North Thompson River Valley to the greatest extent possible it is important that we maintain an open, transparent relationship with the resident communities, and I am confident that Charlene will excel in this task.

Darlene brings to the company a solid background in corporate administration and secretarial experience and has been initially tasked with establishing Yellowhead's new corporate office in downtown Vancouver, scheduled to be functional the first week of July.

Harper Creek Project

Harper Creek is a copper-gold-silver volcanogenic sulphide deposit with a measured and indicated resource of 563.2 million tonnes grading 0.31% Cu (3.6 billion pounds of copper) plus .032 g/t gold and 1.08 g/t silver, plus an inferred resource of 117 million tonnes grading 0.29% Cu (0.7 billion pounds of copper). Mineralization occurs as a series of tabular bodies hosted within the Eagle Bay Assemblage metavolcanic and metasedimentary rocks.

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


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 Company's Annual Information Form 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.

This news release includes disclosure of scientific and technical information, as well as information in relation to the calculation of resources, with respect to the Harper Creek Project. Yellowhead's disclosure of mineral resource information is governed by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM ("CIM Standards"). There can be no assurance that mineral resources will ultimately be converted into mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability. This news release uses the terms "measured", "indicated" and "inferred" resources. U.S. persons are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. "Inferred Resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resources will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or other economic studies. U.S. persons are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

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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