Young-Shannon Gold Mines, Limited Announces Grant of Options

Young-Shannon Gold Mines, Limited (TSX VENTURE:GYS) (the "Corporation")
announced today that on May 1, 2008 the Board of Directors approved a grant of
1,600,000 stock options to directors and officers of the Corporation in
accordance with the Corporation's Employee Stock Option Plan. The options have a
strike price of $0.10 and expire on May 1, 2013.


Young-Shannon Gold Mines, Limited is a precious metals exploration company which
holds a group of 11 patented and 18 unpatented claims within Chester Township
located west of Highway 144 midway between Sudbury and Timmins, Ontario. It has
an option to earn a 60 % interest in the McMillan Gold Mine property, located 75
kilometres southwest of the Greater City of Sudbury, and it also has an option
to earn a 70% interest in the M-18 gold property in Argentina. The Company has
53,803,828 common shares outstanding and is listed on the TSX Venture Exchange
under the symbol GYS.


Further details may be obtained from our website: www.youngshannon.com.

This press release contains certain forward-looking statements. While these
forward-looking statements represent our best current judgment, they are subject
to a variety of risks and uncertainties that are beyond the company's ability to
control or predict and which could cause actual events or results to differ
materially from those anticipated in such forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.