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Message: Issues 6,812,000 Shares for Debt

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Issues 6,812,000 Shares for Debt

posted on Mar 23, 09 12:13PM

March 23, 2009

Yankee Hat Issues 6,812,000 Shares for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2009) - Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) Further to the Company's news release of March 11, 2009, we are pleased to announce that the TSX Venture Exchange has accepted filing for a shares for debt transaction. The Company has issued 6,812,000 common shares to extinguish $340,600 of debt.

Following this debt settlement Yankee Hat will have 77,354,538 common shares issued and outstanding.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, CEO, and Director