Yankee Hat Minerals Ltd. (the “Company”) is pleased to announce that Aeroquest Limited has completed a 347 line kilometre aerial geophysical survey on the Union Mine project, located 55km north of Grand Forks, British Columbia.

Last year (see September 19, 2006 News Release), the Company announced that it had entered into an agreement to earn a 100% interest in the 2,550 hectare Union project.  The Company is awaiting the results from the survey and is planning on carrying out an aggressive surface exploration program during the summer to identify prospective drill targets.

The Union project contains the past-producing Union mine, one of the highest grade gold-silver deposits ever mined in British Columbia.  A total of 122,555 tonnes of material was historically mined from the Union mine, returning an average grade of 14.1 g/t Au and 353.4 g/t Ag (Note: these figures are taken from historical information that is believed to be reliable and do not conform with current NI 43-101 standards).

A considerable amount of previous exploration has been done on the property and eight zones of mineralization, including the Union vein, are known.  Known styles of mineralization on the property include Union Mine type silicified zones/fissure veins, Tertiary epithermal quartz veins and breccia zones, “Black lead” type Cu-PGE mineralization associated with the Averill Group alkalic intrusives, and shear zones or contact metasomatic copper mineralization in Franklin Group volcanics and sediments.

The interpretation of the aerial survey, in conjunction with previous exploration data, will be used to direct the summer exploration program.  With the large area covered by the property there is excellent potential to discover additional high grade zones of mineralization along strike with and/or similar to the historic Union Mine deposit.

Linda Caron, M.Sc., P. Eng. is the Qualified Person under National Instrument 43-101 who is supervising the Union exploration program.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals is a Vancouver, British Columbia based, mineral exploration company listed on the TSX Venture Exchange under the symbol KHT. The Company is focused on identifying and developing high potential gold properties in Canada.  By concentrating its efforts on Canadian prospects, the Company operates within an environment offering political stability, sound infrastructure, and a skilled labour force.

Currently the Company is actively exploring two gold projects in British Columbia: the Fran property located 60 kilometers north of Fort St. James; and the Union Mine property located 55 kilometers north of Grand Forks.  For more information please visit the Company website at http://www.yankeehatminerals.com or contact investor relations at 877-646-0049 or info@yankeehatminerals.com.