Yankee Hat Confirms Extention of Gold Mineralization and Intersects 6.47 g/t Gold Over 2.43 Meters at the Fran Property

Yankee Hat Minerals Ltd. (TSX VENTURE:KHT) ("Yankee Hat" or the "Company") is
pleased to provide an update on its drill program at the Fran Property, located
in central BC. All eight planned holes have been drilled, with the Company
receiving assays for the first three holes confirming the extensions of the
known gold zones at depth.


The holes completed at the Fran Property are the first new holes drilled since
2007, and the assay results confirm the continuity of gold mineralization below
historical drilling. All three holes assayed to date encountered gold, and the
results include 6.47 g/t Au over 2.43m in hole FR-10-081, 9.93 g/t Au over 0.7m
in hole FR-10-082, and 1.81 g/t Au over 4.67m in hole FR-10-080.


The current drill program was intended to determine the extent of the
mineralized gold zones identified from historic results. In this regard, Yankee
Hat has generated a 3D Gemcom model which clearly shows four gold zones
extending for over 700 meters along strike. The results from the first three
holes confirm and expand these known gold zones which have extended the known
zones for up to 140 metres below the historic drilling. The assay results from
the remaining 5 holes will be released when available and the 3D Gemcom model
accompanied with new long-sections will posted on the Yankee Hat website at
www.yankeehatminerals.com.


The gold mineralization is hosted into a series of sub-vertical, northwest
trending, structures containing quartz veining and significant pyrite. Assay
results from previous drill programs testing the structures include 27.1 g/t Au
over 1.3 (FR-07-071), 32.49 g/t Au over 2.1 m (FR-07-074), 17.03 g/t Au over 2.4
m including 25.2 g/t Au over 1.36 m (FR-05-048), 9.43 g/t Au over 8.24 m
including 87.97 g/t Au over 0.52 m and 13.86 g/t Au over 0.9 m (FR-06-055).


The table shows the most material assay results from the three drill holes:



----------------------------------------------------------------------------
Hole number                        From          To      Length          Au 
----------------------------------------------------------------------------
                                     (m)         (m)         (m)       (g/t)
----------------------------------------------------------------------------
FR-10-080                        313.33      318.00        4.67        1.81 
----------------------------------------------------------------------------
FR-10-081                         87.87       90.30        2.43        6.47 
----------------------------------------------------------------------------
FR-10-082                        149.50      150.20        0.70        9.93 
----------------------------------------------------------------------------
Note: True width represents approximately 75 percent of reported length.    



Jean-Philippe Desrochers, Ph.D., P.Geo., is a qualified person registered in
Ontario as defined by NI-43-101 and has reviewed the technical information that
this news release contains.


Gold analyses reported in this release were performed by standard fire assay
using a 30g charge with atomic absorption finish and a gravimetric finish for
assays greater than 1 g/t. Assays returning results over 1 oz/t gold by atomic
absorption are re-assayed using metallic sieve method. All assays were performed
by ALS Canada Laboratory, in North Vancouver, British Columbia. Sampling and
analytical procedures are subject to a comprehensive quality assurance and
quality control program. The QA-QC program, includes duplicate samples, blanks
and analytical standards.


About the Fran Property

The Fran property is located in central British Columbia approximately 60
kilometres north of the city of Fort St. James. The region is well known for its
abundance of large scale deposits and mines, most notably the Mount Milligan
deposit which is located 30 kilometres northeast of the property and the Kemess
South mine located approximately 250 km to the north. The original Fran property
consisted of eight mineral claims covering approximately 4,000 hectares. Staking
to the east, south and west has expanded the property to 10,200 hectares in
area.


About Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd. is a publicly held resource exploration company that
utilizes its management's expertise in mineral exploration and evaluation, and
financial acumen, to identify, acquire, and develop mineral prospects in mining
friendly jurisdictions with the potential to host large-scale discoveries. The
company strategically focuses on commodities that have strong underlying price
fundamentals such as gold and precious metals, rare earth elements and tungsten.
The Company's website at www.yankeehatminerals.com and public filings at
www.sedar.com provide additional information on its projects and other
information with respect to its management and operations. 


ON BEHALF OF THE BOARD

P. Bradley Kitchen, Chief Executive Officer