Yale and EXMIN Sign Formal Agreement For Urique

VANCOUVER, BC - Yale Resources Ltd. reported that the Company has signed a formal property purchase agreement with EXMIN Resources Inc. for the outright purchase of the Urique Project, located in southwestern Chihuahua State, Mexico. This purchase agreement replaces and supersedes the previous option agreement with EXMIN to earn up to a 75% interest in the Urique Project located in the southwest Chihuahua State, Mexico. The purchase agreement states that EXMIN will sell, transfer and assign absolutely to the Company a 100% interest in the Urique Project subject to the reservation to EXMIN of a 2% royalty over certain of the concession lands owned outright by EXMIN and a sliding scale net smelter return royalty to a maximum of 2% over an additional six concessions that were held under option by EXMIN (and now transferred to Yale) with local landholders. The total land package in the Urique Project is 29,106.8 hectares or 291 square kilometres.
The company’s address is 400 - 409 Granville St., Vancouver, BC V6C 1T2, 604-678-2531,fax: 604-678-2532.