Yankee Hat Announces Changes To The Board of Directors And Issuance of Options
March 24th, 2008 Mr. Brad Kitchen reports
Yankee Hat Minerals Ltd. (TSX-V:KHT) (“Yankee Hat” or the “Company”) announces the resignations of Donald Gee and Patrick McAndless from the Board of Directors. The Company would like to thank both gentlemen for their efforts in building a strong foundation on which the Company can now begin to build. The Board currently consists of independent directors Terence Schorn, also Chairman and Qualified Person as defined by the TSX Venture Exchange and Terry Fields. The third director is Brad Kitchen, President and C.E.O. The Company is looking to bring on new Board members to complement the Company’s expansion objectives.
Also the Company has granted 1.175 million options exercisable into common shares of the Company at a price of $0.15 per share. Terence Schorn, Chairman of the Company has been granted 300,000 options and Cale Thomas, CFO has been granted 250,000 options. These options were granted on March 17, 2008 under Yankee Hat’s option plan and will expire in five years. The remaining options have been granted to consultants and will expire in two years. The issuance of these options is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD OF DIRECTORS
“P. Bradley Kitchen”
P. Bradley Kitchen President and Director
For more information please visit the company website at: http://www.yankeehatminerals.com
Or contact Brad Kitchen at 604.637.3114 or Gus Garisto, Bay Street Connect at 416.805.3106
This news release has been prepared by management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or achievements implied by these forward looking statements. We seek safe harbour.
Yankee Hat Minerals Ltd. Ph: (877) 646-0049 Fax: (604) 606-7980 http://www.yankeehatminerals.com
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Yankee Hat Min. is a silver and gold exploration company based in Canada.
Yankee Hat Min. holds various exploration projects in Canada.
Its main exploration properties are FRAN, UNION, LOBO DEL NORTE and WAU PROPERTY in Canada.