Following completion of this transaction, Yankee Hat will have 77,354,538 common shares issued and outstanding.

This transaction is subject to approval by the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, CEO, and Director

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

IR Pro Communications (Vancouver)
Nance Massicotte
Investor Relations
(604) 507-3377 or Toll Free: 1-866-503-3377

Email: nance@irprocommunications.com

or

AGORACOM Investor Relations
Email: KHT@agoracom.com

Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) is pleased to announce that it has closed the first tranche of its private placement of 2,215,000 shares (the "Offering"). The Company has issued these shares at an offering price of $0.05 per common share.

The insiders of the Company who participated in this Offering are Terence Schorn and Cale Thomas.

The Shares issued from the Offering are subject to a hold period until May 14, 2009 in accordance with the policies of the TSX Venture Exchange. This Offering is subject to final TSX Venture Exchange approval.

The net proceeds of the private placement will be used on the Company's exploration projects in the Yukon Territory.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, CEO, and Director

This news release has been prepared by management. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Barry Ritholtz “Gold Has A Date With $1,500 Somewhere In The Future”

December 16th, 2008

The Will Hunting Of Wall Street - "He's Wickid Smawt"

Readers of my blog are very well acquainted with Barry Ritholtz, arguably the best financial blogger on the web. For those of you who are hearing about him for the first time, Barry Ritholtz is the Will Hunting of Wall Street - a down to earth guy who is “wicked smawt”.

On December 8th, he completed this interview with Barron’s (highly recommended reading) in which he gave his outlook on the markets. He provided an outlook on various sectors, including following outlook on gold:

Has gold bottomed?

I don’t know where gold bottoms. We recommended gold for the first time in 2002 or 2003. It was strictly an inflation trade, thanks to Greenspan. And then when the GLD gold ETF first came out, we recommended that. Gold has a date with $1,500 somewhere in the future [up from $763 an ounce now], [now trading at $857] but whether it makes that move from 700 or from 400, I have no idea. You just can’t print that much paper and debase the currency and not see some sort of reaction.”

When really intelligent people talk openly about 5-digit gold, the commodity has moved beyond the fringe and into the mainstream. This potentially bodes very well for North American juniors…..stay tuned.

Regards,
George

AGORACOM Chief Commentator, Peter Grandich, made a call to BNN to alert them about this article on gold officially hitting backwardation. Backwardation occurs when the futures price of a commodity is lower than prices in the cash market.

Forward prices for gold turned negative on December 2nd and, according to Antal Fekete the author of the story, this is the first time it has happened in history (with the exception of contract expiry dates for a couple of minutes). Fekete states:

“On December 2nd, at the Comex in New York, December gold futures
(last delivery: December 31) were quoted at 1.98% discount to spot,
while February gold futures (last delivery: February 27, 2009) were
quoted at 0.14% discount to spot. (All percentages annualized.)

The condition got worse on December 3rd, when the corresponding
figures were 2% and 0.29%. This means that the gold basis has turned
negative, and the condition of backwardation persisted for at least 48 hours.“

Please click here to read the AGORACOM blog in its entirety.

Regards,

AGORACOM Investor Relations

Today Rio Tinto announced 14,000 job cuts, which according to the following article, could result in a return to a commodity boom.

The article: Rio's Cuts Indicative of Trend Which Must Lead to Major Commodities Price Boom is accessible through the preceding link.

Sincerely,

AGORACOM IR

Dear Shareholder,

The following article by Gene Arensberg in the December 2^nd Resource Investor investigates the Insider Buying on the CDNX.

The article and can be accessed through the following link:

“The smaller, more speculative resource companies have been destroyed pricewise, but there is one group of people buying them like crazy: the insiders of the companies themselves.”

Sincerely,

AGORACOM IR

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.”

George Tsiolis, President of AGORACOM was in attendance at this exclusive event and reported on the Jim Rogers speech live via his cell phone to his twitter account. For a recap of Jim Rogers’ speech, follow the following link to George’s twitter account and/or his blog.

Follow George’s Twitter

George’s Blog

AGORACOM remains very bullish on Gold, as outlined within George’s extensive “Gold $1,000” blog entries.

Regards,

AGORACOM

In connection with the Offering, the Corporation has agreed to pay to a Finder’s Fee of 7% to each of the Finders of the Offering. The Offering will be closed promptly upon receipt of all necessary regulatory approvals.

The net proceeds of the private placement will be used for exploration and development on the Company’s projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“P. Bradley Kitchen”

P. Bradley Kitchen

President, CEO, and Director

ABOUT YANKEE HAT MINERALS:

Yankee Hat Minerals Ltd. is a publicly held resource 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 advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.

Investors are invited to visit Yankee Hat's IR Hub at http://www.agoracom.com/ir/yankeehat... where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.

For further information, please contact:

Corporate Inquiries:

Investor Relations:

AGORACOM Investor Relations

Web: http://www.agoracom.com/IR/YankeeHat...

Email: KHT@agoracom.com

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.

VANCOUVER, BRITISH COLUMBIA-- Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (CDNX:KHT.V) is pleased to announce that as a result of the regional joint venture grassroots exploration program with the Japan Oil, Gas and Metals National Corporation ("JOGMEC") a new property, Kidlark, has been explored. Surface sampling has returned high grade tungsten assay results from this scheelite skarn occurrence.

The Kidlark Property was explored in late July, and company geologists immediately staked 32 claims covering several visually impressive scheelite-bearing garnet skarn tungsten showings. The property, located within the Pelly Mountains, is approximately 90 kilometers northeast of Whitehorse, and 45 km west-northwest of Quiet Lake along the South Canol Highway. It lies less than 20 km northeast of Livingstone, an active placer gold operational area serviced by an active airstrip and winter road access.

Eighteen grab samples were taken from the Kidlark Property and submitted to EcoTech Laboratories in Whitehorse for testing. Assay results for the samples ranged up to 7.68% WO3 and averaged 1.463% WO3 with visual estimations of scheelite content by UV fluorescence correlating well with WO3 % content. The 18 samples were taken from 5 distinct showings over 13 kilometers along a single geological contact.

Based on the promising initial exploration results, Yankee Hat has expanded the property by staking an additional 70 claims. This brings the total number of claims to 102, with rough dimensions of 13 kilometers by 2 km and an area of approximately 2,100 hectares. The Company also completed detailed mapping, prospecting, silt and soil sampling, trenching, and ground magnetic work through the month of August and early September. The results of this work are pending and the company will report further once it is received and compiled. Maps and sample photos have been posted on http://yankeehatminerals.com/propert... .

Already at least five distinct mineralized zones (from North to South; Wilson, Rasmussen, Davis, Brand and Arness showings) have been located in outcrop along a 13 kilometer strike length. The known outcrops are variably mineralized, but in general are characterized as garnet-diopside skarn with minor to major pyrrhotite. Tungsten is found thus far as the mineral scheelite. Typically, the mineralized area begins in barren limestone, moving through recrystallized marble, garnet-diopside skarn, a vuggy quartz-pyrite flooded zone, fluid-altered multiphase heterogeneous granite, and unaltered homogeneous granite. Scheelite also occurs within intrusive dykes.

At Kidlark, the Dycer Creek Pluton intrudes into Lower Paleozoic carbonate-bearing continental platform sedimentary sequences of the Cassiar Platform. This geological setting has also given rise to the nearby Risby and Stormy tungsten deposits, as well as to the Northern Dancer tungsten-molybdenite deposit (also known as Logtung) further to the southwest.

The Kidlark discovery was made as a result of Yankee Hat's generative tungsten exploration program with JOGMEC in southeastern Yukon Territory. The 2008 generative program had a budget of C$920,000 and is funded 60% by JOGMEC and 40% by Yankee Hat. JOGMEC earlier contributed $200,000 to the program that was used primarily for claims and acquisition of an extensive geological data base. Under the joint generative exploration agreement JOGMEC will have the right to acquire a 60% interest in the Kidlark Property, if it is deemed a Designated Property, by funding its pro-rata share of future exploration expenditures. If the property is not selected as a Designated Property, it will be 100% owned by Yankee Hat.

The outlook for the price of tungsten is positive, supported by strong growth in Chinese consumption, and a lack of new primary supply. Given its unique physical attributes, tungsten has many applications in which it is virtually irreplaceable including light bulbs and electrical applications, and as a wear-resistant "super alloy" used in the mining, petroleum, military, construction and metalworking industries.

China currently produces roughly 85% of the world's tungsten and has recently begun to restrict foreign access to the tungsten it produces. With China hoarding its production for its own growth, the rest of the world is scrambling to find new sources of supply as prices move upwards.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Mr. Terence Schorn, P.Geo, Chairman of Yankee Hat, and a qualified person.

Grab samples were submitted to EcoTech Laboratories Ltd. in Whitehorse for conventional dissolution and analysis for a range of major and trace elements, including tungsten. Due to the refractory nature of scheelite (CaWO4) more robust dissolution was carried out to ensure accurate measurement of tungsten in the samples.

ABOUT YANKEE HAT MINERALS:

Yankee Hat Minerals Ltd. is a publicly held resource 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 advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.

Investors are invited to visit Yankee Hat's IR Hub at http://www.agoracom.com/ir/yankeehat... where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, CEO, and Director

This news release has been prepared by management. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact:

     Contacts:
     IR Pro Communications (Vancouver)
     Nance Massicotte
     Corporate Inquiries
     (604) 507-3377 or Toll Free: 1-866-503-3377
     Email: nance@irprocommunications.com
      
     Bay Street Connect (Toronto)
     Gus Garisto
     Corporate Inquiries
     (416) 607-6023
     Email: gus@baystreetconnect.com
      
     AGORACOM Investor Relations
     Investor Relations
     Email: KHT@agoracom.com
     Website: http://www.agoracom.com/IR/YankeeHatMinerals

The following article by Haywood Securities gives a detailed analysis of various factors that could affect the prices of tungsten. Based on the analysis they have concluded that tungsten price will continue to be stable. Following is a quote from the article.

"While Haywood is bullish on the metal-forecasting a price increase from US$254/mtu to US$300/mtu within three years, the analysts also noted that tungsten mining company stocks have declined an average 63%, 56% and 63% over the past three, six and twelve months as the metal's price remained firm."

The complete article is below or can be found at the link: http://www.mineweb.com/mineweb/view/...

Haywood Securities predicts tungsten prices will be stable for next five years

Although Chinese dominance in tungsten is expected to continue, an urgent need exists for alternative tungsten supplies in Western nations.

Author: Dorothy Kosich
Posted: Tuesday , 30 Sep 2008

RENO, NV -

Current market fundamentals, supported by strong growth in Chinese consumption, unlikely metal substitution, and the increasing costs of developing and operating tungsten mining "will likely backstop the price of tungsten at current levels for the next five years," Haywood Securities forecast Monday.

In its "Tungsten Industry Report," Haywood predicts that growth in tungsten consumption will require the development of 3 million metric ton units (mtu) of production, a 32% increase in current global production." Global consumption is expected to increase from 95,000 tonnes to 125,000 tonnes per year in 2013 with most of the growth expected to come from China.

"The future of tungsten is underpinned by China, a recent net importer of this minor metal," Haywood metals analyst Chris Thompson wrote. "The world's remaining primary tungsten supply, which is limited primarily to a small number of Western world producers, provides only feedstock for Western world consumers. Firm growth in Chinese consumption tungsten threatens to draw more product from Western world consumers unless new supply comes on line in the near term."

While Haywood is bullish on the metal-forecasting a price increase from US$254/mtu to US$300/mtu within three years, the analysts also noted that tungsten mining company stocks have declined an average 63%, 56% and 63% over the past three, six and twelve months as the metal's price remained firm.

"The dislocation between tungsten focused equities and prices has recently widened, prompted by the recent credit crisis which will compromise the ability of potential new primary suppliers of tungsten to finance new mine construction," Thompson warned.

The European free market tungsten price "has exhibited remarkable stability, remaining above US$250/mtu in seven straight months after breaching the US$255/mtu mark in late February 2008," Haywood noted. "However, in contrast, tungsten focused equities, in concert with recent board based weakness in mining/exploration equities, have demonstrated significant market weakness since early July 2008 spawned by uncertainty and a credit crisis."

"The inability of near-term primary Western world suppliers of tungsten from financing new mine construction will potentially exacerbate the already tight market fundamentals for tungsten," Thompson predicted.

While the high tungsten price and "buoyant fundamentals for the metal" have prompted more exploration and mine development activities outside of China, particularly in Australia and North and South America. Nonetheless, Haywood noted that "no new major production has been realized or is likely to occur before 2010 at the earliest."

A numbers of tungsten deposits in Australia, Canada, Germany, Vietnam and other nations are in various stages of development, Haywood said. "They can be divided into three groups, namely:

1. Near-term producers: companies advancing projects that could potentially deliver product before 2010

2. Medium-term producers: companies advancing projects that could deliver product after 2010

3. Wild-card producers: companies with no clear production timelines or with uncertain production outcomes.

Haywood identifies the key producer in the near-term group as Vital Metals' Watershed project in far north Queensland, Australia, which has production targeted for the second half of next year. Key mid-term producers are Dragon Capital's Nui Phao mine in Vietnam and North American Tungsten's MacTung deposit along the Northwest Territory/Yukon Territory border.

Production at Nui Phao was expected next year, but will be delayed "owing to the relocation of road, rail, and some villages," according to Haywood. North America's Tungsten MacTung project is expected to begin production in 2013.

"Assuming no falloff in existing tungsten production, which is highly unlikely, and a growth in tungsten demand in excess of 8% matching Chinese annual GDP growth projects, new near-term tungsten production will satisfy projected demand through to 2010," Thompson predicted, adding that supply of the metal will remain tight.

"New new major production will likely occur before 2013 at the earliest, causing a tungsten shortage that will support higher tungsten prices," Thompson said, forecasting that prices will increase to US$300 per mtu until new production is realized after 2013. "The suspension of production from the Cantung mine will further impede available tungsten supply."

"Caveats for our long-term price forecast for APT are continued robust growth in demand for tungsten in excess of 3%, specifically from China, and limited new high-grade supply, especially from current producing countries such as China, Russia, and Australia, all of which possibilities seem unlikely in the medium term."

Haywood asserted that the lack of new production has been noted by Asian tungsten mine operators, "promoting a spate of strategic agreements, offtake agreements, and acquisitions to support new development through an input of capital. The credit crisis and associated spate of market volatility makes the involvement of joint venture partners with the ability to finance projects a near necessity."

Meanwhile, Haywood also noted a problem with the U.S. Government tungsten stockpile. In January the U.S. Geological Survey estimated that the Defense National Stockpile Center had 21,300 tonnes of tungsten concentrate on hand or 46 million pounds, a reduction from the 30,000 tonnes reported in 2003. Year end estimates are 43 million pounds in 2008.

"Industry sources suggest that at least a third (14.2 million pounds) are either contaminated or of such poor quality rendering that portion un-saleable and unwanted which leaves some 28.6 million pounds available for industrial consumption," Thompson noted.

"The congressional mandate calls for 8 million pounds to be auctioned off each year, implying that the current stock pile will be exhausted in 3.5 years or 5.3 years if the entire stockpile was high quality," he concluded.

September 17th, 2008

The following article from Bloomberg summarizes trends and events to date that would help in giving an overall direction for gold prices.

Dwindling output from mines, increasing gold demand from Asia and financial market turbulence that would lead to further purchase of gold assets are cited as the main factors for gold to reach the price of $950/Oz.

To read the article in its entiretyClick here

AGORACOM Investor Relations

The following link summarizes all major news at Yankee Hat since February of 2008. http://www.agoracom.com/executive/Ya...

Best regards,

AGORACOM Investor Relations

The Achtung Property lies immediately south of the Yukon-British Columbia border about 60 km west-southwest of the community of Carcross and consists of four mineral tenures covering 1020 hectares (approx. 2520 acres). The exploration target for the project is a large system of sheeted tungsten-bearing veins analogous to the Kazla deposit in central Yukon or the Panasqueira mine in Portugal, one of the world’s largest tungsten producers. Based on scattered outcrop exposures, the entire property appears to be underlain by equigranular, coarse grained biotite-hornblende quartz monozonite. Previous prospecting and soil geochemical work at the project has outlined two main zones of mineralization for follow-up. Property wide soil geochemical sampling coupled with diamond drilling have been recommended for the next stage of exploration.

The Birdtung Property is located in southern Yukon approximately 70 km east of the village of Teslin. The project is located along the eastern margin of the Seagull Batholith, an area prospective for tungsten and tin skarns and porphyry style mineralization. Previous work on the project identified skarn type mineralization in trenches. Skarn type deposits account for nearly 60% of the western world’s tungsten production and usually range in tonnage from 1-30 million tonnes and grade from 0.4 to 2% WO3. The Mactung deposit located 300 kilometers north of Birdtung, for example, is one of the world’s largest skarn deposit contains with a resource of 33 million tonnes grading 0.88% WO3. Helicopter-borne VTEM and magnetic surveys were conducted over the Birdtung property in the summer of 2007 and outlined several regions that are prospective for follow-up.

Yankee Hat can earn 100% interest in the Achtung Property from the property vendor by paying $100,000 cash ($5,000 first year) and issuing 666,666 common shares (33,333 first year) over a five year period. Similarly, the Company can earn 100% interest in the Birdtung Property from the property vendor for $100,000 cash ($5,000 first year) and issuing 666,666 common shares (33,333 first year) over a five year period. The property vendor will retain a royalty equal to 2% of the net smelter returns on any commercial production from the properties. The transactions are subject to the approval of the TSX Venture Exchange.

Over the past four years the price of tungsten has surged from US$4 per pound to over US$14 per lb. Tungsten Carbonate is the second hardest natural material on earth, is corrosion resistant, does not break down or decompose, and of all metals has the highest melting point and tensile strength. Given its unique physical attributes, tungsten has many applications in which it is virtually irreplaceable including light bulbs and electrical applications, and as a wear-resistant “super alloy” used in the mining, petroleum, military, construction and metalworking industries. China currently produces roughly 85% of the world’s tungsten and has recently begun to restrict foreign access to the tungsten it produces. With China hoarding its production for its own growth, the rest of the world is scrambling to find new sources of supply as prices move upwards.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Mr. Terence Schorn, P.Geo, a Director of Yankee Hat Minerals Ltd. and a Qualified Person.

ABOUT YANKEE HAT MINERALS:

Yankee Hat Minerals Ltd. is a publicly held resource 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 advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.

Investors are invited to visit Yankee Hat's IR Hub at http://www.agoracom.com/ir/yankeehat... where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

“P. Bradley Kitchen”

P. Bradley Kitchen

President, CEO, and Director

For further information, please contact:

Corporate Inquiries:

Nance Massicotte

IR Pro Communications (Vancouver)

Ph: 604.507.3377

Toll Free: 1.866.503.3377

Email: nance@irprocommunications.com

Gus Garisto

Bay Street Connect (Toronto)

Ph: 416.607.6023

Email: gus@baystreetconnect.com

Investor Relations:

AGORACOM Investor Relations

Web: http://www.agoracom.com/IR/YankeeHat...

Email: KHT@agoracom.com

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.

Following is Northern Miners article on the press release http://www.agoracom.com/executive/Ya...

AGORACOM Investor Relations

Vancouver, August 6, 2008 – Yankee Hat Minerals Ltd. (“Yankee Hat” or the “Company”) (TSX-V: KHT) is pleased to announce that it has entered into a Joint Exploration Agreement with a major Japanese government entity, the Japan Oil, Gas and Metals National Corporation (“JOGMEC”), to conduct regional tungsten exploration and project generation in the south eastern quarter of the Yukon Territory and neighbouring Northwest Territories.

The exploration will concentrate on the region holding 15% of the world’s known tungsten reserves and almost all of the available reserves outside of China. The region is highly prospective for new discoveries and has not been extensively prospected using modern exploration techniques.

Next to diamonds, Tungsten is the second hardest natural material on earth. It is corrosion resistant, does not break down or decompose, and of all metals in pure form, has the highest melting point and tensile strength. Alloying even small amounts of tungsten with steel greatly increases the steel’s durability. Given its unique physical attributes, tungsten has many applications including light bulbs and electrical applications, and more importantly as a wear resistant “super alloy” used in the mining, petroleum, military, construction and metalworking industries. Until recently, 85% of the world’s tungsten was supplied by China. China is now restricting export and foreign investment in this important industrial commodity, making the need to secure supplies outside of China ever more important.

For this generative program, a management committee will be created and will consist of up to four members, two appointed by Yankee Hat, and two by JOGMEC. Each year, Yankee Hat, as project operator will propose an annual generative exploration budget for approval by the committee. Once unanimously approved, the program will be funded 60% by JOGMEC and 40% by Yankee Hat. The 2008 program is at an advanced stage of planning and a draft budget of C$800,000 has been proposed. The agreement continues to March 2011.

JOGMEC will have the right to acquire a 60% interest in any mineral property identified for further exploration during the course of the generative programs (a “Designated Property”). A separate joint venture agreement will be established between the parties for each defined Designated Property. Any property identified by the regional joint venture programs, but not selected as a Designated Property, will be 100% owned by Yankee Hat. To date, Yankee Hat has already accumulated 294 claims in the target area. JOGMEC will have the option to acquire a 60% interest in these claims if they become Designated Properties.

“We are honoured to establish this long term exploration partnership with JOGMEC,” stated Brad Kitchen, President of Yankee Hat Minerals Ltd. “The agreement is an important milestone for our shareholders as we are the only company partnered with JOGMEC for generative, grass-roots tungsten exploration in North America, a testament to the technical expertise of our team and our ability to source and develop promising resource projects. Further, the company now has a major partner so that when an important discovery is made, the shareholders will benefit as Yankee Hat will be able to exploit these assets while not requiring heavily dilutive funding.”

Japan consumes considerably more natural resources than it produces domestically, and to alleviate this imbalance, the majority of its resources are imported. JOGMEC was established in 2006 with a mandate to secure a stable supply of natural resources for the Japanese economy in the current environment of increasing demand for and surging prices of them worldwide. JOGMEC has been involved in global metals exploration for over 35 years, and has over 100 mining engineers and geologists on staff. Target metals for JOGMEC include copper, zinc, nickel, platinum, and strategic commodities such as tungsten.

ABOUT YANKEE HAT MINERALS:

Yankee Hat Minerals Ltd. is a publicly held resource 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 advanced stage projects and commodities that have strong underlying price fundamentals such as tungsten, rare earth elements, copper, and gold.

Investors are invited to visit Yankee Hat's IR Hub at www.agoracom.com/ir/yankeehatminerals where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to KHT@agoracom.com where they can also request to be added to the investor email list to receive all future press releases and updates in real time.

ON BEHALF OF THE BOARD OF DIRECTORS

“P. Bradley Kitchen”

P. Bradley Kitchen

President, CEO, and Director

For further information, please contact:

Corporate Inquiries:

Nance Massicotte

IR Pro Communications (Vancouver)

Ph: 604.507.3377

Toll Free: 1.866.503.3377

Email: nance@irprocommunications.com

Gus Garisto

Bay Street Connect (Toronto)

Ph: 416.607.6023

Email: gus@baystreetconnect.com

Investor Relations:

AGORACOM Investor Relations

Web: http://www.agoracom.com/IR/YankeeHat...

Email: KHT@agoracom.com

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.