KHT Yankee Hat Minerals Ltd

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:

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Hole number                        From          To      Length          Au
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                                     (m)         (m)         (m)       (g/t)
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FR-10-080                        313.33      318.00        4.67        1.81
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FR-10-081                         87.87       90.30        2.43        6.47
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FR-10-082                        149.50      150.20        0.70        9.93
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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

Contacts: Yankee Hat Minerals Ltd. David Matousek President 604.697.5790 info@yankeehatminerals.com www.yankeehatminerals.com Investor Cubed Inc. Neil Simon 647.258.3310 or Toll Free: 1.888.258.3323 nsimon@investor3.ca www.investor3.ca