Yellowhead Mining Inc.
TSX VENTURE : YMI

Yellowhead Mining Inc.

December 16, 2010 18:30 ET

Yellowhead Mining Inc. Engages Consultant to Promote Investor Relations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX VENTURE:YMI) announces that it has retained the services of FIGJAM Consulting Inc. ("FIGJAM") to promote investor relations. Under the terms of the agreement, Yellowhead will pay FIGJAM $1,805.55 per month plus HST for a 90 day initial term and grant 5,000 stock options with an exercise price of $1.08 per common share for a period of five years. The principal of FIGJAM subscribed for 5,000 units under the Company's recently completed private placement and therefore holds 5,000 common shares and 2,500 common share purchase warrants to acquire common shares at a price of $1.40 per common share on or before November 3, 2012.

FIGJAM will assist Yellowhead with providing marketing and communications services to existing and potential investors, creating marketing materials, providing feedback to management and assisting with trade shows and other media relations. FIGJAM is an investor relations consultancy firm based in Vancouver. It assists companies in gaining exposure and recognition within the investment community.

About Yellowhead Mining Inc.

Yellowhead has a 100% interest in the Harper Creek Project subject to the payment of a royalty capped at $2.5 million, adjusted for inflation, on claims 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.

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, planned expenditures, 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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