Significant Grades At Cerro Colorado

VANCOUVER, BC - Yale Resources Ltd. reported that the first phase of drilling has shown the potential for a significant silver/gold grades at the Cerro Colorado Target, Urique North, Mexico.
Drilling at Cerro Colorado successfully intersected the target breccia over widths of several metres in each of nine holes over approximately 2.0 km of strike length. Assays from all nine holes have now been received.
Drill hole UCC-08-08 -- with 9.2 m grading 0.51 g/t Au and 96.5 g/t Ag -- will be a focus of further exploration programs as the nearest holes are approximately 200 m to the northwest and 600 m to the southeast. It is possible for there to be a clavo or ore shoot at several locations along the known 2.5 km strike length of the system. Additional drilling is also warranted at the south end of the zone as UCC-08-09, drilled approximately 900 m to the south, intersected increased gold mineralization. As drilling has only tested to a maximum vertical depth of approximately 140 metres, deeper holes will also be required as other systems in the district have been shown to be well mineralized to depths of 400 metres or more.
Yale has the right to earn a 75% interest in the over 290 square kilometre Urique Project from partner EXMIN Resources Inc.
The company's address is 600, 890 West Pender St., Vancouver, BC V6C 1K4, 604-678-2531, fax: 604-678-2532.