Yorbeau Resources Inc.

Yorbeau Resources Inc.

April 27, 2007 12:37 ET

Yorbeau Announces Ore Processing Arrangement

Dewatering and rehabilitation of the Augmitto mine site to begin shortly

MONTREAL, QUEBEC--(CCNMatthews - April 27, 2007) - Yorbeau Resources Inc. (TSX:YRB.A) is pleased to announce that it has entered into a letter of intent to custom mill a bulk sample of 100,000 tonnes to be taken from the Augmitto Block of the Company's Rouyn Property. The operation is expected to start in the last quarter of 2007 and continue throughout 2008. The ore processing of the bulk sample will provide important data as to grade and recoverability of the gold resource.

All regulatory approvals have been received with respect to the dewatering and extraction program for the Augmitto mine site. Dewatering will begin shortly, to be followed by the rehabilitation of the underground workings. Yorbeau has engaged Genivar Inc., environmental and engineering consultants, to oversee the dewatering, the rehabilitation of the underground workings, and the bulk sample mining program at the Augmitto mine site.

The work program for the Rouyn Property will explore the mineralized corridor at depth and the eastern extension of the Augmitto deposit and will involve drilling from both underground and from surface to increase the known resources. It will also involve the extraction and ore processing of a 100,000 tonne bulk sample to be taken from the Augmitto Block, where the Company holds a mining concession with substantial underground infrastructure and an historical resource. Existing infrastructure includes a 3,747 foot ramp to a depth of approximately 600 feet, a 900 foot shaft, and extensive drifting on several levels. The historical resource consists of a total diluted reserve of 1,896,803 short tons at 0.165 oz/ton Au in the proven, probable and possible categories using a cut-off of 0.075 oz/ton Au prior to National Instrument 43-101.

Genivar Inc. (TSX:GNV.UN) is a leading Canadian engineering services firm providing public and private sector clients with a comprehensive range of professional consulting services through all execution phases of a project including planning, design, construction and maintenance.

Yorbeau's Rouyn Property straddles the Larder Lake Break along a distance of 12 kilometers and is located just a few kilometers south of the Town of Rouyn-Noranda, Quebec.

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Contact Information

  • Yorbeau Resources Inc.
    G. Bodnar Jr.
    Yorbeau Resources Inc
    Louis R. Bernier
    Vice President Exploration
    Sun International Communications
    Nicole Blanchard
    Investor Relations