news-releases-2015 Archives - Yorbeau Resources

Yorbeau closes $400,000 private placement

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Montreal, December 23, 2015 - Yorbeau Resources Inc.(the “Company”) (TSX: YRB.A) is pleased to announce that it has completed a non-brokered private placement of 3,636,363 flow-through common shares at a price of $0.11 per share for gross proceeds of $400,000.

At closing, the Company paid to Secutor Capital Management Corp. and Marquest Capital Markets a finder’s fee of 8% of the gross proceeds of the private placement.

The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel : 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202


Forward-looking statements:
Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau continues to expand mineralization at Scott project

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Montréal, November 30, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec.

Drill hole SC-31W intersected two higher grade zones within a 48 metre mineralized envelope consisting of combined stringer and massive sulphides. The whole interval, including the higher grade zones, are part of the newly discovered Gap Lens. These mineralized intervals, as well as all intercepts released by the Company since June, are located outside of the current mineral resources (see attached Figure 1) at the Scott project.

Assay results are shown below: DDH SC-31W Section 1900W(weighted averages)

From (m) To (m) Length (m) Cu % Zn % Au g/t Ag g/t Remarks
879.6 888.0 8.4 0.3 5.1 0.5 35.5 massive and stringers sulphides
including
879.6 882.7 3.1 0.3 9.2 0.3 30.3 massive sulphides
916.0 927.9 11.9 0.5 5.4 0.6 37.1 massive and stringers sulphides

As this is still preliminary drilling on this zone, the exact shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.

The above stringer sulphides are all hosted by altered rhyolite, as is the case in the West Lens. Hole SC-31W is wedge cut drilled from original hole SC-31 which was drilled in 2008. The original hole had failed to hit any significant mineralization and, consequently, it was concluded at that time that West Lens mineralization and the rhyolite host ended around section 1800W as shown on attached Figure 1. As a result, in the latest resource estimate prepared by Roscoe Postle Associates, resources had to end around section 1800W. The above results in SC-31W and those reported recently in hole SC-82 (press release of October 29) indicate that this will have to be re-evaluated.

Company president Gérald Riverin stated: “We are very pleased with the results ofSC-31W. In addition to the significant widths of the mineralized zones intersected, the new data will help to better understand the link between the Gap Lens and the West Lens, which is a pre-requisite to a future resource estimate update.”

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Drilling continues with one drill rig and the Company is in fact completing the sampling of yet another hole that was recently completed up-dip of SC-31W.

All drill core discussed in this press release was logged and marked up for assay at the Company’s secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec, with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company’s website at www.yorbeauresources.comFor further information, please contact: Gérald Riverin, Ph D., P. Geo President Yorbeau Resources Inc.griverin@yorbeauresources.com Tel.: 819-279-1336 G. Bodnar Jr. Director Yorbeau Resources Inc. gbodnar@yorbeauresources.com Tel.: 514-384-2202 Toll free in North America: 1-855-384-2202 Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.  

Yorbeau closes second and final tranche of private placement

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Montreal, November 3, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed a second and final tranche of its previously announced private placement (see press release dated October 7, 2015) by issuing an additional 1,247,497 flow-through common shares at a price of $0.12 per share for gross proceeds of $149,700. The Company has raised aggregate gross proceeds of $750,000 under this financing.

The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.

About Yorbeau Resources Inc.

The Company’s 100% owned Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

Gerald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau hits two mineralized zones at Scott project

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  • 3.6 metres grading 1.6% copper and 27.9% zinc on CFO horizon
  • 26.7 metres grading 0.7% copper, 5.2% zinc and 42.3 g/t Ag on Gap Lens

Montréal, October 29, 2015- Yorbeau Resources Inc.(TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec.

Drill hole SC-82 intersected two distinct mineralized zones consisting of shallower very high grade massive sulphides along the potential up-dip extension of the CFO Lens horizon, and deeper combined stringer and massive sulphides within the newly discovered Gap Lens. These new mineralized intervals, as were all intercepts released by the Company since June, are located outside of the current mineral resources (see attached Figure 1) at the Scott project.

Assay results are shown below:

DDH SC-82 Section 1900W (weighted averages)

From(m) To(m) Length(m) Cu% Zn% Aug/t Agg/t Remarks
607.5 611.1 3.6 1.6 27.9 0.4 20.2 Massive sulphides (CFO horizon)
799.8 826.5 26.7 0.7 5.2 0.4 42.3 Stringers and massive sulphides (Gap Lens)
including  
799.8 815.0 15.2 1.1 4.9 0.5 59.2 Stringer sulphides
and  
821.1 824.6 3.5 0.3 9.4 0.1 17.7 Massive sulphides

As this is still preliminary drilling on this zone, the exact shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.

The high grade massive sulphides (1.6% copper and 27.9% zinc) discovered at a depth of 607.5 metres are associated with a distinct mineralized horizon located about 100 metres to the north of the one hosting the newly discovered Gap Lens. These sulphides are associated with a rhyolite unit known as "Tony Rhyolite" and this interval is therefore interpreted as being located along the up-dip extension of the CFO Lens but at much shallower depth than indicated by previous work (see attached Figure 1). The 26.7 metre interval at a depth of 799.8 metres is interpreted as being part of the newly discovered Gap Lens and suggests continuity along a strike length of at least 100 metres for the Gap Lens (Figure 1).

Company president Gérald Riverin stated: "We are very excited with the results of SC-82. In particular, while the 27 metre mineralized interval in the Gap Lens is very encouraging, the high grade massive sulphides intersected on what could be the extension of the CFO Lens showed up as a bonus on our drilling program on the Gap Lens. Because of its high grades and shallower depth, and subject to confirmation by further drilling, this new zone could become a significant development at the Scott project."

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Drilling continues with one drill rig and the Company is in fact completing the sampling of yet another hole that was recently completed down-dip of SC-82.

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec, with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Company's 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company's website at www.yorbeauresources.com.

For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau hits 14 metres of massive sulphides and confirms continuity of new lens at Scott Lake

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  • 3.6 metres grading 1.6% copper and 27.9% zinc on CFO horizon
  • 26.7 metres grading 0.7% copper, 5.2% zinc and 42.3 g/t Ag on Gap Lens

Montréal, October 29, 2015- Yorbeau Resources Inc.(TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec.

Drill hole SC-82 intersected two distinct mineralized zones consisting of shallower very high grade massive sulphides along the potential up-dip extension of the CFO Lens horizon, and deeper combined stringer and massive sulphides within the newly discovered Gap Lens. These new mineralized intervals, as were all intercepts released by the Company since June, are located outside of the current mineral resources (see attached Figure 1) at the Scott project.

Assay results are shown below:

DDH SC-82 Section 1900W (weighted averages)

From(m) To(m) Length(m) Cu% Zn% Aug/t Agg/t Remarks
607.5 611.1 3.6 1.6 27.9 0.4 20.2 Massive sulphides (CFO horizon)
799.8 826.5 26.7 0.7 5.2 0.4 42.3 Stringers and massive sulphides (Gap Lens)
including  
799.8 815.0 15.2 1.1 4.9 0.5 59.2 Stringer sulphides
and  
821.1 824.6 3.5 0.3 9.4 0.1 17.7 Massive sulphides

As this is still preliminary drilling on this zone, the exact shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.

The high grade massive sulphides (1.6% copper and 27.9% zinc) discovered at a depth of 607.5 metres are associated with a distinct mineralized horizon located about 100 metres to the north of the one hosting the newly discovered Gap Lens. These sulphides are associated with a rhyolite unit known as "Tony Rhyolite" and this interval is therefore interpreted as being located along the up-dip extension of the CFO Lens but at much shallower depth than indicated by previous work (see attached Figure 1). The 26.7 metre interval at a depth of 799.8 metres is interpreted as being part of the newly discovered Gap Lens and suggests continuity along a strike length of at least 100 metres for the Gap Lens (Figure 1).

Company president Gérald Riverin stated: "We are very excited with the results of SC-82. In particular, while the 27 metre mineralized interval in the Gap Lens is very encouraging, the high grade massive sulphides intersected on what could be the extension of the CFO Lens showed up as a bonus on our drilling program on the Gap Lens. Because of its high grades and shallower depth, and subject to confirmation by further drilling, this new zone could become a significant development at the Scott project."

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Drilling continues with one drill rig and the Company is in fact completing the sampling of yet another hole that was recently completed down-dip of SC-82.

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec, with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Company's 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company's website at www.yorbeauresources.com.

For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

 

Yorbeau closes $600,300 private placement

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Montreal, October 7, 2015 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed a non-brokered private placement of 5,002,498 flow-through common shares at a price of $0.12 per share for gross proceeds of $600,300.

The Company will use the proceeds raised from the issue of the flow-through common shares to incur Canadian exploration expenses on its properties.

About Yorbeau Resources Inc.

The Company’s 100% owned Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates.The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

Gerald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com 
Tel.: 819-279-1336

G. Bodnar Jr.
Director 
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com 
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau resumes diamond drilling at the Scott Lake project

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Montréal, August 4, 2015 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that drilling at the Scott Lake Project in the Chibougamau mining camp of Quebec resumed today with one drill rig.

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Three (3) holes of the 2015 program at Scott Lake have been completed to date and all three have intersected massive sulphides over significant core lengths and with various grades of copper, zinc, silver and gold (see press releases of June 16 and July 9, 2015). Significantly, the sector where the drilling was done is centered between the West Lens and the deeper CFO Lens, which is an area strategically located where there was also an undrilled “gap” in the property, hence the name “Gap Lens” for the new zone.

The results of subsequent borehole geophysical data in the three 2015 holes seem to support the presence of a conductive body of “significant size” associated with the massive sulphide intercepts. Consequently, the Company has decided to drill the new discovery with enough detail (+/- 50m spacing) to be able to carry out a preliminary resource estimate on the Gap Lens. Approximately thirteen (13) new intercepts will be obtained within an area of about 400m by 600m, in a combination of new holes and of several wedge-cuts from existing holes.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 38 years of experience in mineral exploration.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km- long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More information on the Company may be found on the Company’s website at
www.yorbeauresources.com

For further information, please contact:

Gérald Riverin
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr. 
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau announces the results of the vote for the election of directors

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Montréal, July 21, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) announces that the nominees listed in the Company’s management proxy circular dated May 15, 2015 were elected as directors of Yorbeau. The detailed results of the vote for the election of directors held at the Annual General Meeting of Shareholders on June 17, 2015 in Montreal are set out below.

Name of Nominee

Votes For

% For

Votes
Withheld

% Withheld

G. Bodnar Jr.

44,910,534

96.91

1,430,223

3.09

David Crevier

38,479,977

83.04

7,860,780

16.96

Frank Di Tomaso

39,261,977

84.72

7,078,780

15.28

Pierre Gagnier

45,692,534

98.60

648,223

1.40

Philip Renaud

38,479,936

83.04

7,860,821

16.96

Gérald Riverin

44,906,493

96.90

1,434,264

3.10

Thomas L. Robyn

38,479,936

83.04

7,860,821

16.96

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More informationon the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202 

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Another hit of massive sulfides confirms discovery of new lens at Scott Lake

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Montréal, July 9, 2015 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report on exciting developments at its 100% owned Scott Lake project in Quebec. The third hole of the program (SC-48E) which represents a step-out of 67m from SC-53W4 (Company’s June 16, 2015 press release) intersected massive sulphides and confirms discovery of a new massive sulphide lens outside of the current mineral resources on a new horizon situated at 60m to the south of CFO lens.

Assay results are shown below:

DDH SC-48E Section 1900W (weighted averages)

From(m) To(m) Length(m) Cu(%) Zn(%) Au(g/t) Ag(g/t) Remarks
767.3 799.5 32.2 0.3 3.0 0.3 30.4 Massive sulfides, stringers and a few dykes
Including
767.3 780.8 13.5 0.4 3.5 0.3 42.2 Massive sulfides, stringers and a few mafic dykes
And
792.0 799.5 7.5 0.2 4.7 0.7 29.7 Massive sulfides and a few dykes

This new massive sulphides lens is located between the West Lens and the deeper CFO Lens (see attached Figure 1) where there is an important undrilled gap. Three holes drilled so far (SC-53W3, SC-53W4and SC-48E)lead us to believe that this well located new lens couldsignificantly increase tonnage and have positive impact on the economics of the project. At this time the mineralized zone still remains open at least in three directions (up, east and west). Follow-up drilling on this discovery will focus to extend this new lens between these two important already known lenses (CFO and West lenses).

The shape and true width of this new lens cannot be determined with certainty without additional drilling. The core lengths obtained may not reflect the true width of the mineralization.

This recent success confirms that additional massive sulphide lenses may indeed be located on the property.

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

All drill core discussed in this press release was logged and marked up for assay at the Company’s secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Laboratoire ALS Chemex of Val d’Or with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the personnel of Yorbeau, under the supervision of Sylvain Lépine, M.Sc, P.Geo. He is a qualified person (as defined by National Instrument 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More informationon the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Yorbeau intersects zinc-rich massive sulphides at Scott Lake project

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Montréal, June 16, 2015- Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleasedto report on exciting developments at its 100% owned Scott Lake project in Quebec. The second hole of the program intersected zinc-rich massive sulphides which may, upon confirmation by further drilling, represent a new massive sulphide lens outside of the current mineral resources. Assay results are shown below:

DDH SC-53W4 Section 2000W (weighted averages)

From (m) To (m) Length (m) Cu % Zn % Au g/t Ag g/t Remarks
936.9 959.8 22.9 0.2 7.9 0.2 25.7 massive sulphides and a few dykes
including
939.4 944.3 4.9 0.4 14.4 0.1 36.9 massive sulphides
and
947.4 951.5 4.1 0.2 10.2 0.2 27.1 massive sulphides

The overall mineralized interval consists of volcanogenic massive sulphides cut by a few metric mafic dykes which may contain remobilized sulphides. As it is the first and only hole on this zone, the shape and true width cannot be determined with certainty. The core lengths obtained may not reflect the true width of the mineralization.

Prior to drilling SC-53W4, the Company first started the program by drilling SC-53W3 and hit mostly low grade stringer sulphides about 80 metres below the SC-53W4. Interestingly however, these stringer sulphides include highly anomalous gold values over a 49 metre interval as shown below:

 

DDH SC-53W3 Section 2000W (weighted averages)

From (m) To (m) Length (m) Cu % Zn % Au g/t Ag g/t Remarks
998.6 1047.7 49.1 0.04 0.5 0.5 9.1 stringer sulphides
including
998.6 1000.6 2.0 0.10 6.4 0.2 26.8 massive sulphides

The SC-53W4 massive sulphide zone is located between the West Lens and the deeper CFO Lens (see attached Figure 1). As mentioned in the Company’s May 6, 2015 press release, this target area is located where there is an important undrilled gap between the West and CFO lenses. The drilling program was specifically targeting a geophysical conductor in this sector and the success encountered is a testimony to the abilities of our technical staff to make discoveries.

Company president Gérald Riverin stated: “We are very excited about this new massive sulphide zone at Scott because it occurs in a strategically located “gap” in the drilling coverage and in the known Scott mineral resources, and also because borehole geophysics suggests that SC-53W4 only hit the edge of a large conductor. Although this is still only the first hole in this new zone, we believe it represents yet another milestone in our objective of increasing mineral resources at Scott Lake. We are looking forward to further testing this new lens and to developing other targets as well.”

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. These represent combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011).

Follow-up drilling on the SC-53W4 discovery will be conducted immediately after completing interpretation of borehole geophysics, designing the technical parameters of the planned drill hole and obtaining appropriate permits.

All drill core discussed in this press release was logged and marked up for assay at the Company’s secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags to Laboratoire ALS Chemex of Val d’Or with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference.

Work is carried out by the personnel of Yorbeau, under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by National Instrument 43-101) and has more than 38 years of experience in mineral exploration. He has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development.

More informationon the Company may be found on the Company’s website at www.yorbeauresources.com.

For further information, please contact:

Gérald Riverin,Ph D., P. Geo
President
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel.: 819-279-1336

G. Bodnar Jr.
Director
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.