Yale Acquires New Gold Project  

VANCOUVER, BC - Yale Resources Ltd. reported that the Company has signed an agreement to purchase a 100% interest in the 8,160 hectare (81.6 square kilometres) Tenoriba Project located in the Sierra Madre Gold-Silver Belt in the state of Chihuahua, approximately 290 km southwest of the city of Chihuahua. This belt hosts multi-million ounce gold +/- silver deposits such as Ocampo, Dolores, El Sauzal as well as the world class Tayoltita silver deposits. The property lies within the historic Guadalupe y Calvo gold-silver mining district, which is reported to have produced over 2 million ounces of gold and 28 million ounces of silver since the discovery of bonanza grade gold and silver in 1835.

The primary exploration target within the Tenoriba Project is bulk tonnage heap leachable gold/silver epithermal style mineralization.

At least 30 historic workings have been identified to date in 15 target areas that are mainly confined to a northeast trending belt that runs through the centre of the project (the central mineralized trend). Historic production concentrated on high-grade structurally-controlled gold mineralization.

Aster satellite data indicates that there are numerous wide spread silica, clay and iron oxide anomalies throughout the project area. It appears that many of these targets have never been investigated in the field.

The database that Yale has obtained for the project consists of 527 rock samples (chip channel, grab and dump samples). Of those samples 23 graded greater than 5.0 g/t gold, 67 graded between 1.0 and 4.99 g/t gold, 52 graded between 0.5 and 0.99 g/t gold, and 146 graded between 0.1 and 0.49 g/t gold.

A very attractive aspect of this project is that there are many untested targets with a combination of either multiple high-grade gold assays, strong satellite anomalies, and/or areas with vuggy silica that have yet to be properly tested. In addition, a combination of consistent stratigraphy and a strong continuous structural environment makes the Tenoriba project highly prospective to host a significant epithermal deposit, said Ian Foreman, President.

In addition, 15 diamond drill holes tested five closely spaced targets located in the core of the central mineralized trend. The drill program tested targets within the more accessible parts of the project and encountered broad zones of gold mineralization as well as bonanza grade intercepts.

Yale personnel will continue to compile all the project's data in advance of the Company's first work program at Tenoriba, which is anticipated to consist of trenching and sampling of high priority targets as well as a regional program to field test some of the significant Aster satellite anomalies.

The company's address is

400, 409 Granville St., Vancouver, BC V6C 1T2, 604-678-2531, fax: 604-678-2532, email: [email protected].