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Feb. 3, 2011 (Filing Services Canada) -- Yale Resources Ltd. (YLL - TSX Venture, YAB - FWB, YRLLF - OTCBB_Pink_Sheets), is pleased to report that it has received gross proceeds of $562,450 from the exercise of 5,624,500 warrants at a price of $0.10 per warrant into common stock of the Company from its last private placement, which closed in three tranches. The remaining unexercised warrants have now been cancelled.

The Company intends to use its cash on hand as general working capital and to continue with exploration activities on its wholly owned Mexican projects.


Exploration Update on the Apache Property:

The first field program at the wholly owned Apache property has recently been completed. A total of 62 samples were taken during the program, which also included prospecting and geological mapping. Samples have been submitted to the lab and results are expected in approximately three weeks.

The Apache Property contains three areas of mineralization: the Pena Blanca, El Apache, and La Parida zones. During its first inspection of the property, the Company had only sampled the El Apache zone. The recent program has now sampled each of the three target areas following up on historic sampling by the Mexican Government that returned the following results:

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Sample #      Prospect   Ag (g/t)  Au (g/t)   Cu (%)
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SP-089       La Parida      59.0      0.05     0.43
SP-090       La Parida     110.0      0.13     1.92
SP-091       La Parida     401.0      0.47     4.23
SP-092       La Parida     190.0      0.11     2.28
SP-093       La Parida     130.0      0.06     3.96
SP-094       La Parida      70.0      0.13     0.72
SP-095       La Parida     192.0      0.23     1.35
SP-096       La Parida     186.0      0.13     3.11
SP-097       La Parida      64.0      0.10     0.58
SP-100  Pe{n~}a Blanca       9.0      0.12     0.01
SP-101  Pe{n~}a Blanca      12.0      0.02     0.03
SP-102  Pe{n~}a Blanca      11.0      0.02     0.02
SP-238       El Apache     127.0      N.D.     1.34
SP-239       El Apache      91.0      N.D.     0.71
SP-240       El Apache     107.0      N.D.     1.35
SP-241       El Apache      47.0      0.16     1.39
SP-242       El Apache     131.0      0.05     4.30
SP-243       El Apache      60.0      0.04     4.50
SP-244       El Apache      64.0      0.02     3.14
SP-245       El Apache       9.0      0.01     2.75
SP-246       El Apache      59.0      0.02     2.02
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**Please note that widths of samples were not provided and the reader
is cautioned that the widths of the samples reported here are unknown.


On behalf of the Board,

"Ian Foreman"

Ian Foreman, P.Geo.
President


For additional information on Yale Resources please call the Company at 604-678-2531

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.



Yale Resources Ltd.
400 - 409 Granville St.
Vancouver, BC, Canada V6C 1T2
Telephone: 604-678-2531
Facsimile: 604-678-2532


Source:Yale Resources Ltd. (TSX-V: YLL) http://www.yaleresources.com
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Source: Filing Services Canada (February 3, 2011 - 11:53 AM EST)

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