Yorbeau Resources Inc.

Yorbeau Resources Inc.

November 17, 2010 08:30 ET

Yorbeau to Commission NI 43-101 Resource Calculation for Augmitto Deposit

MONTREAL, QUEBEC--(Marketwire - Nov. 17, 2010) - In the last two years, Yorbeau Resources Inc. ("Yorbeau")(TSX:YRB.A) has made two new gold discoveries at Lake Gamble and Cinderella East on its Rouyn Property and has shown the continuity of the ore hosting structure and rock types over a distance of approximately six kilometres between the Astoria and Augmitto deposits.

At the present time the Company's only NI 43-101 compliant resource is at the Astoria mine where there are 349,100 ounces of gold in the measured and indicated categories. Both Astoria and Augmitto benefit from the existence of extensive surface and underground infrastructure which would represent substantial savings in development cost in the event of commercial production.

Review of historical data leads to clarified structural understanding

Recently the Company initiated a comprehensive review of historical drill data on the property in the light of new information on the geological structure resulting from the drilling programs of the last two years. This review involved re-logging many historical holes from which over 500 new samples were submitted for assays. Detailed compilation work over the last 4 months has led to a re-interpretation of historical drill data and the recognition of important controls for gold mineralization. This in turn has led to the identification of important new target areas for additional gold discoveries on the Rouyn property, some of which will be tested in the forthcoming drill program which is expected to commence in January 2011.

Plan to initiate NI 43-101 calculation on Augmitto resource

The Company intends to commission a NI 43-101 compliant resource calculation for the Augmitto deposit which, based on the recent re-interpretation of drilling and structural data, appears to be much more coherent than was previously understood. As noted in the Company's press release of September 22, 2010, many of the historical drill holes at Augmitto did not completely penetrate all of the target mineralized zones with the result that some targets were only tested by a limited number of holes. The forthcoming exploration program will include some in-fill and definition drilling at Augmitto as well as drilling to properly test the primary target which remains largely unexplored in this area.

In-fill and definition drilling at Cinderella and Lake Gamble will set table for future resource growth

While the compilation work will be on-going, the forthcoming drill program will include mostly in-fill and definition drilling at the Company's Lake Gamble and Cinderella East discoveries but will also comprise additional drilling seeking to extend known mineralization envelopes. These drilling results will be followed up by additional resource calculations thereby growing the Company's NI 43-101 compliant resources.

About Yorbeau Resources Inc.

The raison d'être of Yorbeau is to identify a world class gold deposit in a major mining camp. Against the backdrop of a market that is steadily more welcoming for gold, Yorbeau is poised to significantly increase the known gold resources on its properties in Northern 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