Yankee Hat Minerals Ltd. (the “Company”) is pleased to report that three new drill holes from the North Contact Zone of its Fran project in central British Columbia have all intersected significant gold mineralization.  These new results include 20.50 g/t gold over 0.50 meters within a larger intercept of 1.01 g/t over 30.60 meters in hole FR 07-70 and 13.15 g/t gold over 0.50 meters within a larger intercept grading 0.75 g/t over 23.05 meters in hole FR 07-68. 

The North Contact Zone is an extensively mineralized body that continues over 1,000 meters of strike length and remains open in multiple directions.  Yankee Hat is investigating the zone for a large scale bulk tonnage gold deposit.

Drilling in 2006 concentrated on testing the east and west sides of the North Contact Zone leaving a 250 meter central gap.   The three new holes were drilled to partially fill in this gap and with the long intervals of gold encountered were successful in achieving this goal.

Complete drill results are summarized below:

Drill holes FR 07-68 and FR 07-69 were step-out holes roughly 23 meters and 71 meters respectively north of hole FR 06-50A and were drilled to undercut the wide zone of mineralization previously intersected that hole (19.23 m of 0.83 g/t gold including 1.54 m of 2.38 g/t and 1.23 m of 5.04 g/t).  These two holes were successful in confirming the continuity of the mineralization and extended it to a depth of 140 meters below surface.

Drill hole FR 07-70 was collared 25 meters north of previously drilled holes FR 06-51 and FR 06-56.  Together these three holes now indicate a continuous zone of mineralization extending to greater than 110 metres below surface, similar to that located 32 meters west in holes FR-06-50A, FR 07-68 and FR-07-69. 

Winter drilling at the Fran property was completed in early May.  Altogether, 17 holes were drilled for more than 3,300 meters.  The Company has now reported the first eight of these holes and the remaining results will be released as they become available.

Wayne Murton, P. Eng. is the Qualified Person under National Instrument 43-101 who is supervising the Fran exploration program

Yankee Hat Appoints New Director

Yankee Hat Minerals is also pleased to announce the appointment of Mr. Brad Kitchen, MBA to its Board of Directors.  Mr. Kitchen is a seasoned financial market professional with extensive experience in structured financings, investment banking and public company governance.

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.