Alta Vvista Ventures Ltd. Finalizes Option for the Los Amoles Property, Sonora State by 24hgold

Keywords : G Mexico | Mexico |

Tuesday, November 30, 2010

Yale Finalizes Option for the Los Amoles Property, Sonora State

News Release #10-28

Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report that it has signed a formal Agreement with Natures Call Brands Inc. for the option to earn a 70% interest in Yale's wholly owned Los Amoles Property located in Sonora State, Mexico. Yale has received a total of US$ 50,000 and 200,000 shares in Natures Call.

To earn a 70 % interest in the Los Amoles property Nature's Call will be required to spend US$ 900,000 on exploration expenditures and issue a total of 1,000,000 shares to Yale over three years. The exploration expenditures required in the first year is $200,000 with $100,000 being a firm commitment having to be spent within the first six months.

Yale will be operator for at least the first year of the earn-in period and anticipates a work program to commence at Los Amoles early in 2011.

About Yale Resources:

Yale Resources is an exploration and development company concentrating in northwestern Mexico. Utilizing the joint venture business model, Yale is able to maximize its exposure to discovery while minimizing exploration risk. At the same time Yale continues to work on its non-optioned properties as well as reviewing new projects. Yale has four projects under option to value added partners with commitments for approximately $1.5M in expenditures during the next 12 months.

On behalf of the Boards,

"Ian Foreman"
Ian Foreman, P.Geo.
President

For additional information on Yale Resources please call the Company at 604-678-2531.

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.

You can also view this News Release on our website at:
http://www.yaleresources.com/s/NewsReleases.asp?ReportID=431338

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Alta Vista Ventures is a silver exploration company based in Canada.

Alta Vista Ventures holds various exploration projects in Canada, in Mexico and in Namibia.

Its main exploration properties are ZACATECAS (VETA GRANDE), THE DOS NACIONES, LA VERDE, OROFINO PROJECT, LOS AMOLES, URIQUE PROJECT, CAROL, SAN SABINO ZACATECAS and GUADALUPE PROPERTY in Mexico and ADAMS PLATEAU in Canada.

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