YSV Ventures Inc.
NEX BOARD : XSV.H

November 28, 2006 13:17 ET

YSV Ventures Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - YSV Ventures Inc. ("YSV")(NEX BOARD:XSV.H) pursuant to the ongoing corporate disclosure review by the Ontario Securities Commission, YSV has re-filed the following documents and related certificates:

- MD&A for the period ended December 31, 2004;

- MD&A for the quarter ended March 31, 2005;

- MD&A for the quarter ended June 30, 2005;

- MD&A for the quarter ended September 30, 2005;

While readers are advised to read the above-mentioned refilled documents in their entirety, the principal amendments reflected in such documents are as follows:

- clarification of the nature and type of interest in various exploration properties

- together with additional background information concerning the same

- clarification of certain related party transactions

The majority of the amendments represent clarifications to historical disclosure, which arose during the continuing disclosure review process. The above-noted documents are being refiled in order to comply with NI 51-102.

About YSV

YSV is a company that is conducting exploration for base metals and gold in Ontario. YSV has interest in a substantial gold exploration land package in the Kirkland Lake region in Northern Ontario. YSV also owns a 100% interest in 25 staked claims in the James Bay Lowlands adjacent to the Spider Resources/KWG Resources JV property known as the McFaulds Property.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Contact Information

  • YSV Ventures Inc.
    Howard Coates
    President
    (416) 703-6248
    (416) 368-3151 (FAX)