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IAMGOLD reports initial results from its 2019 drilling program completed on Lac Gamble zone at the Yorbeau Rouyn project, Quebec

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MONTREAL, May 23, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to report that its partner IAMGOLD Corporation ("IAMGOLD") released today initial results from its 2019 winter diamond drilling program completed at the Company's Rouyn project, located 4 km south of Rouyn-Noranda, Quebec. IAMGOLD reported assay results from 10 diamond drill holes, totaling 2,257 metres. Results are pending from the remaining 38 drill holes, totaling 11,143 metres, and will be reported once they are received, validated and compiled.

The assay results reported herein are provided in Table 1 below and include the following highlights:
(A longitudinal section illustrating the drilling program on the Lac Gamble zone is attached to this news release.)

Main Zone:

  • Drill hole GA-19-682: 12.0 metres grading 3.56 g/t Au
    includes: 6.0 metres grading 5.33 g/t Au
  • Drill hole GA-19-690: 7.75 metres grading 11.02 g/t Au
    includes: 5.0 metres grading 15.44 g/t Au
  • Drill hole GA-19-692: 10.6 metres grading 8.21 g/t Au
    includes: 3.0 metres grading 12.37 g/t Au
    includes: 1.0 metre grading 26.9 g/t Au

The objective of the 2019 winter diamond drilling program was to infill a portion of the Lac Gamble zone previously drilled by Yorbeau and various joint venture partners. The program was designed to achieve an approximate 50 x 50 metres drill hole spacing pattern to ultimately support the completion of a mineral resource estimate. The completed drill holes successfully intersected the targeted sheared Cadillac-Piché corridor which hosts the mineralized zone. The zone is characterized by alteration observed to vary from several metres to greater than ten metres in width, exhibiting variable carbonatization, fuchsite, silicification, crosscut by a network of white quartz and brown tourmaline stockwork veins and breccias. Gold mineralization occurs as small specks of visible free gold associated with minor sulphides in quartz-tourmaline veinlets.

Gérald Riverin, Company president commented: "We are pleased with the initial results that are generally in line with previous results at Lac Gamble. In particular, the thicknesses indicated by some of the holes are quite encouraging in the context of a program focused on delineating mineral resources. We are looking forward to receiving pending assays and to additional encouraging results at the Rouyn project".

In a separate press release on the recent results, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: "Our involvement in the newly optioned Rouyn Gold Project was based on the potential to rapidly delineate mineral resources along the targeted Cadillac Break which hosts previously identified gold zones. The initial assay results are encouraging and the drilling program has successfully intersected the Lac Gamble zone in systematic infill drilling. Also our collaboration with the Yorbeau exploration team has been outstanding and we are looking forward to continuing to jointly advance the ongoing exploration program."

Next Steps

The results of this initial diamond drilling program will be compiled along with the existing and newly acquired geological, geochemical and structural information to support the development and refinement of a deposit model to ultimately support a mineral resource estimation of the Lac Gamble zone.

Additional drilling is being planned to test selected targets in the area of the Astoria deposit, located several kilometres to the east. The program is expected to commence later in the summer.

About the Rouyn Gold Project

The Rouyn Gold Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.

The property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold deposits along the 6-km Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been the subject of technical reports that include resource estimates that were previously filed in accordance with Regulation 43-101.

The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade between 7.0 and 8.5 g/t Au. The potential quantity and grade of the exploration targets referred to are conceptual in nature and insufficient exploration work has been completed to define a mineral resource. The property may require significant future exploration to advance to a resource stage and there can be no certainty that the exploration target will result in a mineral resource being delineated. The exploration targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.

IAMGOLD signed a definitive option agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Project by making scheduled cash payments totaling C$4 million and completing exploration expenditures totaling C$9 million over a four year period. Exploration programs must include the completion of a minimum of 20,000 metres of diamond drilling within the first two-years of the option. By the end of the expenditure period, the Company must complete a NI 43-101 compliant resource estimate, after which the Company, at its election, can purchase a 100% interest in the Project, subject to a 2% net smelter return production royalty, by paying Yorbeau the lesser of C$15 per resource ounce or C$30 million.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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

The design of the drilling program and interpretation of results is under the control of IAMGOLD's and Yorbeau's geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and assay data from the drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.

Half-core samples are packaged and transported in sealed bags to AGAT laboratories in Val d'Or, Quebec, and Mississauga, Ontario. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val-d'Or and processed the pulps at their Mississaugalaboratory which is ISO / IEC 17025:2005 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams per tonne, another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in all drill holes for quality control.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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, including without limitation, regarding the prospects of the Rouyn project, drilling results, 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau Resources Inc. announces completion of Phase 1 in-fill drilling at its Rouyn Project

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  • 13,400 metres of drilling completed at Lac Gamble
  • 48 holes in phase 1 drilling program

MONTREALApril 16, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to report on the status of the exploration drilling program undertaken by IAMGOLD Corporation ("IAMGOLD") on the Company's 100% owned Rouyn property ("Property") in Quebec, Canada.

The Company signed a definitive option agreement with IAMGOLD in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Property. Per the agreement, IAMGOLD paid Yorbeau an initial cash payment of C$1 million. In order to earn the purchase option, IAMGOLD must (i) make additional cumulative cash payments totalling C$3 million, (ii) fund and incur C$9 million of exploration expenditures over a 4-year period, including no less than 20,000 metres of diamond drilling within the first two-years and (iii) complete a resource estimate for the Property. If IAMGOLD then decides to exercise its option to buy a 100% interest in the Property, it must pay Yorbeau an aggregate amount equal to C$15 per ounce of gold as estimated in a NI 43-101 compliant Mineral Resource estimate, capped at C$30 million. In addition to the final cash payment, Yorbeau will retain a 2% net smelter return royalty on minerals produced from the Property. More information on the option agreement may be found in the Company's press release dated December 17, 2018 and on the Company's profile at www.sedar.com.

As operator of the Property, IAMGOLD has already completed a phase 1 program consisting of 13,400 meters of drilling in 48 diamond drill holes. The drilling program was completed with two drill rigs and the meterage completed thus far, which was completed well within the first three months of the program, corresponds to two thirds of the minimum commitment of 20,000 metres of diamond drilling to be completed by IAMGOLD pursuant to the option agreement. The goal of the on-going drilling program is to convert a portion of the exploration potential already drilled off on the Lac Gamble zone by Yorbeau and its previous partner into mineral resources. The drilling completed consists mostly of "in-fill" drilling with the objective of obtaining a drill hole spacing pattern of 50 to 60 meters to support an estimate of mineral resources.

The exploration target potential at Lac Gamble is estimated to be between 400,000 and 600,000 ounces of gold at a grade between 7.7 and 8.5 g/t Au. This estimate of potential, while made according to industry best practices, does not constitute Mineral Resources (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")) that can be reported in accordance with NI 43-101 because the estimate was not made by an independent person and is not supported by a full independent Technical Report (as defined in NI 43-101). The potential quantity and grade are conceptual in nature as there has been insufficient exploration drilling to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. Details on the exploration potential estimate are available on the Company's website at www.yorbeauresources.com.

The gold mineralization is hosted within the broad mineralized gold corridor along the Cadillac-Larder Lake Fault Zone represented by the Piché Group of ultramafic rocks. Two main areas on the Property, Astoria and Lac Gamble, are targeted initially and all drilling completed to date is in the Lac Gamble zone, at depths ranging from near surface to a depth of about 400 to 600 meters locally. While assays are still pending for these holes, visible gold has been observed from most of the holes. Assay results will be reported as soon as they are received, validated and compiled.

Gérald Riverin, Company president commented: "We are very pleased with the exceptional work progress at the Rouyn property and with the exploration program established by IAMGOLD in cooperation with the Yorbeau staff. The work progress reflects the very favorable location of the project and the expertise of the Yorbeau staff hired by IAMGOLD. Although assays are still pending, visual examination of drill core is generally confirming the continuity of the mineralized structure between pre-existing holes, while locally showing possible lateral extension of the mineralized system. We are looking forward to receiving pending assays and to additional encouraging results at the Rouyn project".

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

The design of the drilling program, Quality Assurance/Quality Control and interpretation of results is under the control of IAMGOLD's and Yorbeau's geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. Drill core is logged and sawn in half with a diamond saw, and half-core samples are packaged and delivered to AGAT laboratories in Val d'Or, Quebec, and Mississauga, Ontario. Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all drill holes. All samples are analyzed by Fire Assay with an Atomic Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 3 g/t Au are re-assayed by Fire Assay with a Gravimetric Finish. Samples with visible gold, or with more than 10 g/t Au in the initial AA assay, are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 the formation, mandate, composition and benefits of the Advisory Board and 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau resumes drilling at Scott project to test geophysical target west of the Gwillim Fault

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MONTREALApril 9, 2019 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has resumed at its Scott project in the Chibougamau area of Quebec.

The Scott project contains a number of zinc-copper-gold-silver massive sulphide and stringer sulphide zones located in northwestern Scott Township. Based on a Preliminary Economic Assessment (PEA) completed in late 2017 by Roscoe Postle Associates (RPA), the project represents an opportunity to develop an operating mine located within close proximity to the towns of Chibougamau and Chapais, a typical northern mining environment, offering the advantages of living facilities and availability of manpower, equipment and materials required to develop and operate the project.

On January 29, 2019, the Company announced the beginning of a Phase 1 drilling program with the purpose of locating the contact of the Chibougamau Pluton and of the Scott mineralized horizon west of the Gwillim Fault. This phase of drilling was successfully completed and the contact with the Chibougamau Pluton was indeed identified west of the fault. With this new information, the Company is now in a position to test the Scott horizon at depth, where the Scott mineralized system is thought to be plunging (see press release of January 29, 2019).

Most significantly, borehole geophysics was also completed in holes drilled initially in 2013 and that were deepened as part of Phase 1, and a very good conductor (borehole geophysical anomaly) was identified west of the Gwillim Fault in proximity to hole SC-81. Yorbeau's technical team considers that the quality of this conductor is typical of massive sulphide lenses and that such conductors become very high priority exploration targets in a geological environment such as Scott.

The drill rig was left at the site after Phase 1 while waiting for interpretation of data, and therefore no additional mobilization costs were incurred to start the current program.

Gérald Riverin, Company president commented: "We are very excited to be drilling again at the Scott project. Without exception, all sulphide lenses identified so far at Scott were discovered while following up geophysical anomalies similar to the one that is targeted in the current program. Our technical staff have done a terrific job in interpreting the data and establishing the geological context that makes this conductor such an exciting target."

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

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 the formation, mandate, composition and benefits of the Advisory Board and 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau announces appointment of Mackenzie Watson on strategic advisory board

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MONTREAL, Feb. 5, 2019 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that it has created a strategic advisory board (the "Advisory Board") mandated with the task of advising the Company's board of directors and management with respect to Yorbeau's corporate and operational strategy and matters related thereto.

Yorbeau is excited to report that the Advisory Board's initial member will be Mr. Mackenzie (Mac) Watson. Additional individuals may be added to the Advisory Board from time to time based on the Company's evolving needs.

Mr. Watson, B.Sc., P.Eng., has over 50 years of experience in exploration, development, and operations in the mining industry. Mr. Watson has spent his career in the junior mining sector, notably served as Chief Executive Officer of Lynx Canada Exploration Ltd. until 1985 and as Chief Executive Officer of Freewest Resources Canada Inc. from 1985 until its acquisition by Cliffs Natural Resources in 2010. Among his many achievements, Mr. Watson was awarded Canada's Prospector of the Year Award in 1991 for his contribution to the discovery of the Harker Holloway gold mine (Ontario), the Icon-Sullivan copper mine (Quebec), the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the Hebecourt copper deposit (Quebec); and again in 2010 for his contributions to the mineral discoveries in the Ring of Fire area in Northern Ontario. Mr. Watson is also the first person to have received the Bill Dennis Award for a Canadian Discovery or Prospecting Success twice: a first time in 1991 for numerous discoveries; and again in 2009 as part of the team responsible for chromite discoveries in the Ring of Fire. He was also awarded the Quebec Prospector of the Year Award in 1992 for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec. In January 2015, Mr. Watson was inducted into the Canadian Mining Hall of Fame.

Mr. Watson's illustrious career as an explorer is particularly relevant for Yorbeau's business plan, having discovered the so‑called "Icon showing" in 1965, which is the main polymetallic mineralized showing on Yorbeau's newest KB project in the Chibougamau belt. Mr. Watson's advice will serve to strengthen Yorbeau's mission to develop its assets, and in particular its base metal projects in the Chibougamau camp.

Gérald Riverin, President of Yorbeau, stated: "Yorbeau is looking forward to collaborating with Mac Watson and eagerly anticipates being able to benefit from his extensive experience and expertise in mineral exploration. We hope that the newly formed Advisory Board will prove useful in supporting the Company's efforts to execute on its strategic objectives."

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 the formation, mandate, composition and benefits of the Advisory Board and 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau resumes drilling at Scott project to locate possible extension of the deposit west of the Gwillim fault

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MONTREALJan. 29, 2019 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has commenced at its Scott project in the Chibougamau area of Quebec.

The Scott project contains a number of zinc-copper-gold-silver massive sulphide and stringer sulphide zones located in northwestern Scott Township.  Based on a Preliminary Economic Assessment (PEA) completed in late 2017 by Roscoe Postle Associates (RPA), the project represents an opportunity to develop an operating mine located within close proximity to the towns of Chibougamau and Chapais, a typical northern mining environment, offering the advantages of living facilities and availability of manpower, equipment and materials required to develop and operate the project. The project site has existing access and can be serviced with available hydroelectric power from the provincial grid located nearby. Results of the PEA indicate positive economics with a pre-production capital expenditure of $215 million, a net pre-tax cash flow of $519 million, an Internal Rate of Return ("IRR") of 16.6%, a pre-tax Net Present Value ("NPV") of $146 millionat an 8% discount rate, and a mine life of 15 years.

While the PEA contemplates extraction of 12 million tonnes (Mt) at grades of 4.14% Zn, 0.81% Cu, 27 g/t Ag, and 0.24 g/t Au over 15 years of mine life, the RPA report also highlights that exploration potential exist to increase Mineral Resources and, based on the significant amount of drilling already done on the Scott deposit, one of the main areas of potential for increasing resources is west of the regional Gwillim Lake fault, at depth. Recent structural interpretation suggests that the CFO Lens and smaller high grade massive sulphide zones may in fact represent structural "rafts" caught within the fault corridor, and which may have been dragged into the northeast trending fault corridor from an unknown source. If this is the case, interpretation work suggests that the primary source of those rafts may be located at depth, west of the fault, and south of the known Scott mineralized corridor. Company management considers that this target represents tremendous potential upside for the project, and the on-going surface drilling program is designed to test this.

The program is planned in two phases totalling about 5,000 metres of drilling consisting of shallow holes to investigate actual displacement of the Gwillim fault, followed by deep holes and wedge-cuts to explore the Scott horizon down-plunge from the known resources (Figure 1).

Gérald Riverin, Company president commented: "We are excited to be drilling again at the Scott project. While the initial Preliminary Economic Evaluation was positive, success in the on-going program could be a real game changer for the project, not only because of the potential added tonnage or grade of the resources, but most importantly because the added tonnage could perhaps justify sinking a production shaft which could help increasing production rate while reducing unit costs. In the meantime, discussions are on-going with potential partners to advance the project."

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

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 cash payments to be made by IAMGOLD and 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau announces beginning of drilling program with IAMGOLD at the Rouyn project

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Montreal, January 21, 2019 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has commenced at its Rouyn property with partner IAMGOLD Corporation ("IAMGOLD"). The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in Yorbeau’s Rouyn property in Quebec, Canada.

In accordance with the agreement, an initial cash payment in the amount of $1,000,000 was made by IAMGOLD to Yorbeau. In order to earn the purchase option, IAMGOLD must make cumulative cash payments of C$4 million and fund C$9 million dollars of exploration expenditures over a 4-year period, including no less than 20,000 metres of diamond drilling within the first two years.

The Rouyn Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world. The Rouyn Property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break. Two drill rigs are in operation on the property and the planned drilling involves a minimum of 15,000 metres with the goal of converting well established exploration potential into mineral resources, initially at the lac Gamble zone and subsequently at the Astoria deposit. The Astoria deposit already benefits from significant underground infrastructure including a 515 metre deep shaft and over 5 kilometres of lateral workings.

Gérald Riverin, Company president commented: “We are pleased to work with IAMGOLD at the Rouyn property and most happy to see the drills turning within only one month of signing the definitive agreement. The drilling program was established by IAMGOLD in close cooperation with the Yorbeau staff, and we are looking forward to continue develop the project with the IAMGOLD team”.

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

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6km long Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favorable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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, including, without limitation, statements regarding the use of proceeds of the Private Placement 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau closes private placement

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MONTREALDec. 21, 2018 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce that it has completed a private placement (the "Private Placement") by issuing 18,410,000 Class A common shares at a price of $0.05 per share for gross proceeds of $920,500.00. The Company paid a finder's fee and a brokerage commission totaling 7% with respect to a portion of the Private Placement representing $750,000.00.

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

Three insiders subscribed for a total of 1,450,000 Class A common shares having an aggregate subscription price of $72,500.00. As insiders of the Company participated in the Private Placement, it is deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(a) and 5.7(a)) as neither the fair market value of the Class A common shares distributed to, nor the consideration received from, interested parties exceeded 25% of the Company's market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the Private Placement as participation of the insiders had not been confirmed at that time.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43‑101 – Standards of Disclosure for Mineral Projects. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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, including, without limitation, statements regarding the use of proceeds of the Private Placement 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau announces approval by its shareholders of the potential sale of the Rouyn Property under the option granted to IAMGOLD Corporation

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MONTREALDec. 19, 2018 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that, at the special meeting of shareholders held today, it has received the approval of its Class A common shareholders for the potential sale of a 100% interest in Yorbeau's Rouyn property upon the exercise of an option to purchase such interest granted by Yorbeau to IAMGOLD Corporation ("IAMGOLD").

A definitive option agreement granting such option was signed by Yorbeau and IAMGOLD on December 14, 2018, as previously announced in the Company's press release dated December 17, 2018.

The first cash payment from IAMGOLD to Yorbeau in the amount of $1,000,000 is expected to be made by December 21, 2018, as of which the option will become effective.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 the option agreement and payments and exploration expenditures thereunder, the approval of the option agreement by the shareholders, and future plans and objectives are forwardlooking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the option agreement remains subject to shareholder approval; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

 

Yorbeau and IAMGOLD sign definitive option agreement for the Rouyn property

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Montreal, December 17, 2018 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to announce that it has signed a definitive option agreement with IAMGOLD Corporation (“IAMGOLD”), whereby IAMGOLD has an option to acquire a 100% interest in Yorbeau’s Rouyn property (the “Property”) in Quebec, Canada.

The definitive option agreement provides that, subject to certain conditions, IAMGOLD would make certain cash payments and incur exploration expenditures towards an option to purchase a 100% interest in the Property. In order to earn the purchase option, IAMGOLD must:

    1. make an initial cash payment to Yorbeau on the effective date of the definitive option agreement (the “Effective Date”) of an amount of C$1 million;
    2. fund and incur C$9 million of exploration expenditures in a period of up to 48 calendar months following the Effective Date (the “Expenditure Period”), including minimum exploration expenditures in each 12month period of the Expenditure Period and at least 20,000 meters of diamond drilling within a 24-month period following the later of the Effective Date or the date all requisite governmental approvals or consents for the drilling program shall have been obtained;
    3. make interim cash payments to Yorbeau during the Expenditure Period of an aggregate amount of C$3 million;
    4. complete a resource estimate for the Property in accordance with IAMGOLD’s standard estimation and reporting practices subject to detailed technical parameters agreed to between IAMGOLD and Yorbeau; and
    5. make a final cash payment to Yorbeau, in three instalments over up to a two-year period following the Expenditure Period, in an aggregate amount equal to the lesser of (a) an amount calculated by multiplying the total number of ounces of gold identified in the resource estimate by C$15.00 and (b) C$30 million.

In addition to the final cash payment, Yorbeau will be issued and granted by IAMGOLD , at the time of exercise of the option,  a 2% net smelter royalty on any minerals produced from the Property. IAMGOLD will be the operator and project manager of the Property during the option period with Yorbeau to have representation on an advisory committee which will make recommendations on the work program.

The definitive option agreement remains subject to approval by the shareholders of Yorbeau, which will be sought at a special meeting to be held on December 19, 2018, as previously announced in the Company’s press release dated November 27, 2018.

Company president Gérald Riverin stated: “Company management is highly enthusiastic to partner with IAMGOLD to advance the Rouyn project with the intention of realizing value for all project stakeholders. IAMGOLD is a well-established gold producer in the area with an operating gold mill located within 40 kilometers from the Rouyn property. The potential synergies with the project are therefore evident and signing the definitive option agreement marks a significant milestone for Yorbeau and the Rouyn project. We are looking forward to working with IAMGOLD to initiate a major drilling program with the objective of converting well established exploration potential into mineral resources.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6kmlong Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

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

G. Bodnar Jr.
Vice-President, Chief Financial Officer
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 the option agreement and payments and exploration expenditures thereunder, the approval of the option agreement by the shareholders, and future plans and objectives are forwardlooking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the option agreement remains subject to shareholder approval; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

Yorbeau announces filing of Meeting Materials for upcoming special meeting of Shareholders

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MONTREALNov. 27, 2018 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") announces today that further to its press release dated October 25, 2018, the Company mailed its management information circular (the "Circular") and related voting materials (collectively, the "Meeting Materials") on November 21, 2018 to shareholders of record as of November 12, 2018 (the "Shareholders") in connection with the upcoming special meeting of the Shareholders of Yorbeau (the "Meeting"). The Meeting is to be held on December 19, 2018 at 10:00 a.m. (Montreal time) at the offices of the Company located at 110 Crémazie Boulevard West, Suite 430, Montreal, Quebec H2P 1B9. The Meeting Materials have also been filed under the Company's profile on SEDAR and are available at www.sedar.com.

At the Meeting, Shareholders will be asked to consider, and if deemed advisable, to adopt a special resolution (the "Special Resolution") approving the sale of a 100% interest in Yorbeau's Rouyn property (the "Transaction") upon the exercise of an option to purchase such interest to be granted by Yorbeau to IAMGOLD Corporation ("IAMGOLD"), or one of its affiliates, substantially in accordance with the terms and conditions set forth in the letter of intent signed by Yorbeau and IAMGOLD on October 24, 2018. In order to be effective, the Special Resolution must be approved by at least two-thirds of the votes cast by Shareholders present in person or represented by proxy at the Meeting.

The Board of Directors, after careful consideration, recommends that Shareholders vote FOR the Special Resolution, on the basis that the Transaction is in the best interest of the Company.

In reaching its determination that the Transaction is in the best interest of the Company, the Board of Directors and management of the Company considered and evaluated, among other things, the following:

  • The Company has invested considerable amounts of money in the Rouyn property, including over $21 million since 2006. In spite of exploration successes, including the discovery of the Gamble Lake deposit, the market capitalization of the Company has not increased proportionally;
  • With its existing mineral resources and substantial underground mining infrastructure in place, the Rouyn property has reached an advanced maturity stage; and
  • The next phases of work would involve deep exploration drilling, at least preliminary engineering studies, and possibly eventual underground development to pursue exploration at depth, and such future work would require enormous amounts of funding that are beyond the realms of possibility for most junior exploration companies such as Yorbeau.

Management and the Board of Directors are of the view that the Transaction with IAMGOLD is ultimately accretive to Shareholders' value, unlocks long-term value with no further investment on the part of Yorbeau and aligns Yorbeau with a solid player in the industry.

Shareholders are encouraged to carefully read the Meeting Materials, including the Circular, as they contain important information regarding the Transaction, including, among other things, the reasons for the above recommendation, risks associated with the Transaction, the requirements for the Transaction to become effective, voting procedures at the Meeting and other related matters.

Consummation of the Transaction remains subject to conditions, including completion of due diligence to IAMGOLD's satisfaction, the negotiation and finalization of a satisfactory definitive agreement and the approval of the Shareholders being sought at the Meeting.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43‑101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development. The newly acquired base metal properties include the Scott Project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive Preliminary Economic Assessment was recently completed.

For additional information on the Company, consult its website at www.yorbeauresources.com.

Forward-looking statements: Except for statement of historical fact, all statements in this news release, including, without limitation, statements relating to the Transaction with IAMGOLD, proceeds to be received by Yorbeau from the Transaction, the terms and conditions of the Transaction and the impact of the Transaction on the Company, 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 disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

For further information:

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

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