Yale Drills 11.50 m Of 2.09 g/t Gold and 382.7 g/t Silver at Guadalupe

Yale Resources Ltd. (TSX-V:YLL) (FWB:YAB) is pleased to report the
discovery of a new gold/silver zone at the Guadalupe Property located in
Zacatecas State, Mexico. Holes 6 and 7 of the recently completed drill
program successfully intersected multiple targets. Drilling at Guadalupe
was performed by Yale on behalf of its partner Silver American Mining
who is currently funding all work on the property.

Drill hole 7 discovered a previously unknown mineralized multiphase
breccia with a weighted average of 1.31 g/t gold and 254.1 g/t silver
over 18.6 metres including 11.50 metres with a weighted average of 2.09
g/t gold and 382.7 g/t silver. The highest silver and gold grades
were returned from separate intervals of 1.3m with 3.26 g/t gold and
1.2m grading 920.0 g/t silver. The new mineralized zone is located
approximately 50 metres north of the Santa Rosa Vein and is open in all
directions.

Photos of the breccia can be viewed on the Yale Resources website at http://www.yaleresources.com/s/Guadalupe_Photos.asp

1) - Drill holes were planned to cut the mineralization as close to
perpendicular as possible, however, true widths have

not been determined at this time.

2) - Silver equivalent has been calculated using $1,200/oz gold and
$24/oz silver (or a ratio of 50:1) and assumes recovery

to be 100% and the NSR to be zero.

Drill hole 6 was located approximately 200 metres east of hole 7 and
intersected the Santa Rosa mine workings. A wide zone in the footwall
below the workings returned 14.95 metres with a weighted average grade
of 0.19 g/t gold and 63.8 g/t silver.

3) - Drill holes were planned to cut the mineralization as close to
perpendicular as possible, however, true widths have

not been determined at this time.

4) - Silver equivalent has been calculated using $1,200/oz gold and
$24/oz silver (or a ratio of 50:1) and assumes recovery

to be 100% and the NSR to be zero.

Seven holes were drilled at Guadalupe totaling a combined 2,502.05
metres. Results from holes 1 and 2 were previously released in a news
release dated Nov. 16, 2010. Holes 3, 4 and 5, located in the north end
of the property, targeted a series of veins with numerous workings.
Assays from outcrop and dumps in the area returned several assays
grading greater than 200 g/t silver but the holes did not intersect any
significant values.

About the Guadalupe Property:

The Guadalupe property contains two historically significant mines - the
Santa Rita and San Antonio mines - and is located in one of Mexico′s
oldest mining districts, roughly 9 kilometres north of the Fresnillo
(Proaño) Mine, the world's richest underground silver mine, operated by
Fresnillo plc. Roughly 11 kilometres to the southwest of the Guadalupe
Property is the Juanicipio Joint Venture between MAG Silver Corp. and
Fresnillo plc.

Historic records containing references to the Santa Rita and San Antonio
mines suggest that both mines were important and reached their height of
production between 1910 and 1920 but were last in production in the
1980s.

To earn a 90% interest Silver America is required to pay Yale US $
900,000, spend US $ 2,000,000 on exploration expenditures and issue
1,000,000 shares to Yale over four years. Cash payments will be due
every six months and will increase to a final payment of US $355,000.
Should the earn-in be completed Yale will retain a 10% participating
interest in the property as well as a 2% NSR, which can be bought out in
entirety for US $ 2,000,000. Yale will act as the operator for the
project. The next payment due to Yale is on Dec. 30, 2010.

About Yale Resources:

Yale Resources is an exploration and development company concentrating
in northwestern Mexico that is building value through project
generation. Yale has three of its properties optioned out to value added
partners. These agreements combine for minimum commitments of
approximately US $1,000,000 of exploration expenditures over the next 12
months. Yale continues to work on its non-optioned properties as well as
reviewing new projects with a focus on gold.

Samples from the Guadalupe property were prepared and analyzed by
Stewart Labs in their facilities in Mexico and Kamloops, respectively.
Samples generally consisted of 1-3 kg of material. Gold and silver
analyses were performed by 30 gram fire assay with an AA finish. Samples
with greater than 1% copper, lead and/or zinc are re-analyzed using
their ore grade analysis. Samples with greater than 100 g/t silver were
re-assayed using gravimetric methods.

Ian Foreman, P.Geo., is Yale Resources′ Qualified Person, as defined by
National Instrument 43-101, for the Guadalupe property. The Guadalupe
property is an early stage project with no reported resources that
requires additional sampling and geological mapping to fully determine
the project′s potential.

On behalf of the Board,

'Ian Foreman?

Ian Foreman, P.Geo.

President

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 Inc.

604-678-2531