YSV Ventures Inc.

December 15, 2006 16:50 ET

YSV Ventures Inc. Press Release

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) - YSV Ventures Inc. ("YSV")(NEX BOARD:XSV.H), announces that it has filed a technical report concerning the Kirkland Lake Gold Property, Grenfell Township, in the Larder Lake Mining Division of northern Ontario.

As part of a transaction to purchase certain properties from Richview Resources Inc. ("Richview"), YSV and Richview engaged Patrick Chance, P.Eng. to prepare an independent report in compliance with National Instrument 43-101. Mr. Chance's report has been filed and can be viewed in detail on SEDAR at www.sedar.com.

The report recommended that the companies consider conducting a $250,000 CDN exploration program. The program is primarily drilling that is designed to test several geophysical anomalies that have been previously identified by exploration programs.

About YSV

YSV is a company that is conducting exploration for base metals and gold in Ontario. YSV has an interest in a gold exploration land package in the Kirkland Lake region of Northern Ontario. YSV also owns a 25% 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". 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 & CEO
    (416) 703-6248
    (416) 368-3151 (FAX)