Yale Options out the Orofino Gold/Silver Property 

VANCOUVER, BC - Yale Resources Ltd. reported that it has signed a Letter of Intent with Dawson Gold Corp. for the option to earn a 70 % interest in Yale's Orofino Property located in Sonora State, Mexico.

To earn a 70 % interest Dawson will be required to pay Yale $ 55,000, spend $ 2,800,000 on exploration expenditures and issue 1,000,000 shares to Yale over four years. The exploration expenditure required in the first year is $400,000. Yale has received $10,000 upon signing of the LOI. Yale will be the operator for the project during the first year of the agreement and Dawson will have the option to be operator thereafter. The Orofino Project is located approximately 135 km southeast of Hermosillo, Sonora State and is approximately 83 square kilometres in size. There are eleven known mineralized targets within the Orofino Project and the property contains six historic open-pit workings. Although production records are not available, the vendor of the property had small-scale production during the mid-1990s, which produced approximately 60,000 tonnes of ore grading approximately 2 to 4 grams per tonne gold.