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Yorbeau confirms Excellent Concentrate Grades and Good Recoveries during Metallurgical Test at its Scott project

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Montréal, August 29, 2017- Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to report results from metallurgical tests at its Scott project in Quebec.

A composite sample weighing 55 kilograms was prepared from drill core selected from several representative drill holes from all mineralized zones forming the Mineral Resources except the Selco lens. The composite sample is considered to be representative of the Mineral Resources and contained approximately the same ratio of massive sulphides and stringer sulphides as shown in the Mineral Resources (re: press release of March 30, 2017).

A series of metallurgical tests were completed by Chibougamau-based Services Métallurgiques Metchib, in cooperation with SGS Canada Inc. in Québec city. The work done includes a mineralogical characterization (QEMSCAN), a Davis Tube magnetic test, an oxidation and activation test, 11 batch flotation tests, and a “locked cycle” flotation test. The batch flotation tests were done to determine the response of the mineralization to various grinds and flotation parameters, and to determine the process and flowsheet to be used for the locked cycle test. The locked cycle test was designed to replicate at bench scale, as much as possible, the physical and chemical conditions that would ultimately be used at industrial scale in a concentrator.

Based on the QEMSCAN analysis and the preliminary tests, a primary grind of 55 microns was selected for the tests. A total of six cycles were completed in the locked cycle test. The concentrates obtained in cycles B and C are considered representative of the final copper concentrate, while the concentrate obtained in cycle F is considered the closest representative of the final zinc concentrate (see details below). The highlights of the tests are presented below.

Copper concentrate

  • In the chalcopyrite batch flotation tests various copper concentrate grades were obtained, ranging from 19% Cu to 33% Cu, and a good copper concentration potential with low zinc content was shown.
  • During the locked cycle test, the highest copper grade achieved in a given cycle was 27.2% Cu.
  • The locked cycle test (cycles B-C) showed an overall 82% copper recovery in a 23.3% Cu concentrate.
  • Copper concentrate grade for cycle B:
% Cu % Zn g/t Au g/t Ag Fe%
25.4 6.5 8.5 612 27.5
  • Although the full mass balance and recovery estimate still remain to be done for gold, the high gold and silver grades in the copper concentrate are very encouraging. These results reflect the strong affinity between precious metals and the copper concentrate, which is critical for recovery of payable precious metals.
  • According to the report submitted by Metchib’s metallurgists, it appears in light of all the metallurgical test work done for the Scott deposit, that once the optimization of the process is done, it will be possible to achieve an 84% copper recovery at 25% Cu in the copper concentrate.
  • Trace element content – copper concentrate cycle B:
arsenic <30 berylium <0.07 bismuth <200
cadmium 137 cobalt <30 mercury 1.4
lead 7500 antimony <20 selenium <50

All analyses in ppm (parts per million)

Zinc concentrate

  • In the sphalerite batch flotation tests, a recovery of over 80% was achieved at a concentrate grade of 48% Zn, this before any cleaner stage. A higher recovery was expected during the locked cycle test, since the Cu cleaner tails stream is to be sent into the zinc circuit.
  • The locked cycle test showed an overall 83% zinc recovery in a 51.1% Zn concentrate.
  • Zinc concentrate grade for the last cycle F:
% Cu % Zn g/t Au g/t Ag Fe%
0.6 53.3 0.27 63.6 11.9
  • According to the report submitted by Metchib’s metallurgists, it appears in light of all the metallurgical test work done for the Scott deposit, that once the optimization of the process is done, it will be possible to achieve an 87% zinc recovery at 55% Zn in the zinc concentrate.
  • Trace element content – zinc concentrate cycle F:
arsenic <30 berylium <0.07 bismuth <200
cadmium 1110 cobalt <30 mercury 3.0
lead 771 antimony <20 selenium <50

All analyses in ppm (parts per million)

The concentrates produced in the tests are clean of typical unwanted (so-called “nasty”) elements such as arsenic, antimony, cadmium and mercury. Other metals such as lead and zinc in the copper concentrate, or iron in the zinc concentrate, have good potential of being reduced while upgrading the concentrates during process optimization. Therefore, both the copper and the zinc concentrates appear to be of “commercial quality”, particularly in terms of copper and zinc grades, but also in terms of their very low contents of arsenic, mercury, and cadmium.

The above metallurgical results were obtained from “standard” flotation process with “off the shelf” standard reagents. They represent a very important milestone for the Scott project and will serve as additional strong technical support for the on-going Preliminary Economic Assessment by Roscoe Postle Associates.

Gérald Riverin, Company president commented: “We are very pleased with the results obtained in the metallurgical test. Indeed, while a critical milestone for the Scott project was reached by outlining very important mineral resources, the metallurgical test is yet another important milestone. Indeed, the results of the test clearly indicate that zinc and copper recoveries are very good and, most importantly, that excellent metal concentrates comparable to typical commercial grade concentrates can be obtained from the resources. The next step will be the completion of the on-going Preliminary Economic Assessment.

Metallurgical work was performed and supervised by Jonathan Lapointe, P.Eng., of Services Métallurgiques Metchib, and Dominique Lascelle, M.Eng., of SGS. Chemical analyses were done by SGS. The work was commissioned for Yorbeau by 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.

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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 aggregate size of the private placement and 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 Resources Inc. Announces Election of Directors

MONTREAL, QUEBEC - June 28, 2017 - Yorbeau Resources Inc. (TSX:YRB.A) ("Yorbeau" or the "Company") announces that the nominees listed in the Company's management proxy circular dated May 19, 2017 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 22, 2017 in Montreal are set out below.

Nominee Votes For % For Votes Withheld % Withheld
Georges Bodnar Jr. 128,020,602 92.31 10,665,589 7.69
Pierre Gagnier 128,788,002 92.86 9,898,189 7.14
Amit Gupta 128,019,602 92.31 10,666,589 7.69
Marcel Lecourt 129,488,043 93.37 9,198,148 6.63
Gérald Riverin 128,716,643 92.81 9,969,548 7.19


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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 aggregate size of the private placement and 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 Closes First Tranche of a Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

MONTREAL, QUEBEC, June 15, 2017 - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") is pleased to announce that it has completed the first tranche of a $1,500,000 non-brokered private placement by issuing 11,999,285 common shares at a price of $0.105 per share for gross proceeds of $1,259,924.92. EMD Financial Inc. acted as finder in connection with such 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.

The Company also announced that its ticker for trading on the Toronto Stock Exchange, which is currently "YRB.A", will be modified to "YRB" effective at the opening of markets on June 30, 2017.

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 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 subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 aggregate size of the private placement and 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 Resources inc. announces the sale of its royalty on the Ellison property

Montreal, May 31, 2017 - Yorbeau Resources Inc. (TSX: YRB.A) ("Yorbeau" or the "Company") announced today that it has entered into an agreement to sell to Agnico Eagle Mines Limited ("Agnico") its net smelter royalty over the Ellison Property in the Abitibi region which the Company had received as part of its sale of the Ellison Property to Agnico in 2002.

The purchase price for the net smelter royalty is $2.25 million and was paid in cash by Agnico upon execution of the agreement. In addition to the sale of the net smelter royalty, the remaining instalment of the 2002 sale in the amount of $500,000, which was payable only upon commencement of commercial production, would no longer be payable.

Yorbeau plans to use the proceeds from the sale for working capital purposes.

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 subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 high grade massive sulphides at Caribou project

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  • 2.5 metres of 2.9% copper, 6.9% zinc and 44.4 g/t silver
  • 0.8 metre of 6.6% copper, 9.7% zinc and 63.4 g/t silver

Montréal, May 30, 2017- Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report the final results from its 2017 winter drill program on its 100% owned Caribou project in Quebec. A drill program consisting of 5 drill holes totalling 3,477m has been completed with the objective of testing geophysical anomalies located 300m west of the known deposit and filling an important undrilled gap within the Caribou massive sulfides lens. Specifically, there was a 280m gap located between CAR-18 (0.9% Cu, 13.5% Zn, 0.6 g/t Au, 41 g/t Ag over 0.4m) and CAR-31 (0.4% Cu, 5.8% Zn. 0.3 g/t Au, 18 g/t Ag over 4.1m) which were drilled in 2010 and 2013 respectively (see attached Figure 1). Two holes were drilled in this gap, CAR-31W (wedge cut drilled from original hole CAR-31) and CAR-30 (deepening of CAR-30 drilled in 2013), and both intersected massive sulfides.

Assay results are shown below:

ASSAY RESULTS – DDH CAR-31W (weighted averages)

From (m) To (m) Length (m) Cu % Zn % Au g/t Ag g/t Remarks
756.1 757.1 1.0 1.6 9.9 0.4 37.1 massive sulphides
757.1 758.6 1.5 3.9 4.9 0.6 49.5 mineralized tuff
756.1 758.6 2.5 2.9 6.9 0.5 44.4 weighted average

At the depth of the mineralized zone in CAR-31W, the dip of the hole was at 53 degrees and the horizontal thickness of the mineralization therefore represents 60% of the core length.

ASSAY RESULTS – DDH CAR-30E

From (m) To (m) Length (m) Cu % Zn% Aug/t Ag g/t Remarks
788.3 789.1 0.8 6.6 9.7 0.3 63.4 massive sulphides

At the depth of the mineralized zone in CAR-30E, the dip of the hole was at 48 degrees and the horizontal thickness of the mineralization therefore represents 70% of the core length. The three holes that were drilled to test geophysical anomalies to the west of the Caribou deposit (CAR-34, CAR-34W and CAR-35) failed to return significant mineralization and the conductors were explained by pyrrhotite.

The Caribou project is located in Northwestern Quebec approximately 95km NE of the town of La Sarre and is easily accessible via public roads and a forestry road that provides access to the former Estrades mine. The recent drilling took place along the western extension of the Estrades mine where exploration work carried by Cogitore led to the discovery of a new massive sulphide deposit in February 2009. Including the 2017 drilling, ten holes have so far intersected a thin but high grade massive sulphide lens (sheet) and the weighted average (by length of intersections) of the ten holes drilled to date on the Caribou lens is 2.8% Cu, 6.9% Zn, 1.1 g/t Au and 52.6 g/t Ag over a core length of 1.8 metres. Company management continues to be encouraged by the persistent high grades intersected within the Caribou massive sulphides which remains open at depth (Figure 1).

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

Work is carried out by the personnel of Yorbeau, under the supervision of Sylvain Lépine, P. Geo., M.Sc 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 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 subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 Resources Inc. Announces Appointment of Interim Chief Financial Officer

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MONTREAL, May 11, 2017 - Yorbeau Resources Inc. (TSX:YRB.A) ("Yorbeau" or the "Company") announced today that Mr. Ercan Ugur has decided to leave his position as Chief Financial Officer. Yorbeau has appointed George Bodnar Jr. to assume the role of Vice-President and interim Chief Financial Officer.

Mr. Bodnar Jr. currently serves as Vice-President of Yorbeau and has been a director of the Company since 1997. A veteran of the natural resources industry, he was president of the Company from 1997 to 2007. He is also a C.A. and was a founding partner of Côté Bodnar, Chartered Accountants (since acquired by Samson Bélair Deloitte & Touche). Mr. Bodnar Jr. has served as a director of numerous private and public companies, and as a director of several charitable and non-profit organizations.

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 subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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

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.

For further information, please contact:

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

G. Bodnar Jr.
Vice President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
514-384-2202
Toll-Free in North America 1-855-384-2202

Yorbeau Resources Inc. Provides Update on Rouyn Project

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  • Over 16,000 metres of drilling completed
  • High grade gold intercepts at Lac Gamble confirm potential at depth

Montréal, May 8, 2017 - Yorbeau Resources Inc. (TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to report on the exploration drilling done by an affiliate of Kinross Gold Corporation ("Kinross") on the Company's 100% owned Rouyn property ("Property") in Quebec, Canada. The Company signed a definitive agreement with Kinross in October 2016, whereby Kinross has the option to acquire a 100% interest in Yorbeau's Rouyn property ("Property") in Quebec, Canada.

In order to earn the purchase option, Kinross must fund C$12 million dollars of exploration expenditures over a 4-year period, including a firm commitment to spend C$3 million in the first 18 months and no less than 12,500 meters of diamond drilling.

As operator, Kinross has already completed a total of 16,048 metres of drilling in 23 holes. This drilling includes wedge-cuts and holes aborted due to excessive deviation. The meterage completed satisfies the minimum commitment of 12,500 metres specified in the agreement. Kinross reports that as of  the end of March 2017 it has spent approximately C$1.9 million towards the C$3 million firm commitment.

The overall goal of the program is to identify high-grade ore shoots within the broad mineralized gold corridor represented by the Piché Group of ultramafic rocks. Two main areas on the property, Astoria and Lac Gamble, have been actively tested since the beginning of the drill program at vertical depths typically exceeding 600-700 metres. While assays are still pending for several holes numerous  assay intervals exceeding 3.0 grams of gold per tonne have been reported, as shown below:

Note: uncut assay grades are reported and depth intervals are core length.

Astoria Zone

Hole From (m) To  (m) Length (m) g/t Au Remarks
AS-16-653 835.4 837.8 2.4 7.8 Lower Piché
AS-16-654 675.3 677.6 2.4 16.7 Upper Piché
702.1 708.5 6.5 2.9 Lower Piché
718.0 720.3 2.3 4.9 Footwall Zone
AS-16-654W 676.1 678.8 2.7 5.2 Lower Piché
686.0 688.3 2.3 3.2 Footwall
AS-16-654W2 643.5 646.2 2.7 3.9 Lower Piché
AS-16-655 780.5 785.0 4.5 5.0 Lower Piché
including 780.5 782.6 2.1 7.0
AS-16-657 926.0 927.0 1.0 6.3 Lower Piché
933.0 939.6 6.6 3.4 Footwall
AS-16-658 1000.6 1002.5 1.9 5.3 Footwall
AS-17-659 992.0 994.5 2.5 3.3 Lower Piché
AS-17-660 891.0 892.6 1.6 4.7 Lower Piché
902.7 904.5 1.8 7.5 Footwall
AS-17-663 712.8 718.0 5.2 3.2 Upper Piché
750.5 753.2 2.7 6.0 Lower Piché
AS-17-666 676.5 678.0 1.5 5.7 Lower Piché
AS-17-667 860.8 863.3 2.5 6.5 Lower Piché

Lac Gamble Zone

Hole From (m) To  (m) Length (m) g/t Au Remarks
GA-17-665W 890.7 896.5 5.9 7.9 Lower Piché
including 894.5 896.5 2.0 15.7
GA-17-668 777.5 780.5 3.0 14.7 Lower Piché
GA-17-668W 748.0 751.0 3.0 10.0 Lower Piché
including 748.0 750.0 2.0 14.2
12-GA-579-W1B 779.3 783.3 4.0 5.0 Wedge-cut drilled by Yorbeau in 2012,
assayed in 2017 – Hanging wall Zone
818.0 825.8 7.8 7.0 Wedge-cut drilled by Yorbeau in 2012,
assayed in 2017 - Lower Piché

The core lengths reported above are not true thickness. The horizontal widths range from 75 to 85% of the core lengths. The assays reported for the Lac Gamble zone include a wedge cut drilled in 2012 by Yorbeau and which was assayed in 2017 using the metallic screen fire assay method.

Drill hole locations are shown on the attached longitudinals (Figures 1 and 2).  Two drill rigs have been operating since the beginning of the program but was reduced to one drill rig in early April due to wet spring conditions. In addition to the mineralized intervals described in the above table, the longitudinals also show the recent holes with lower grades as well as the pierce points of holes previously drilled by Yorbeau. Significantly, the new drilling on Lac Gamble has outlined a high grade shoot with an apparent vertical continuity of over 200 m (Figure 2) and further drilling is in progress to test the strike length.

Gérald Riverin, Company president commented: "We are very pleased with the work progress at the Rouyn property and with the exploration program established by Kinross in cooperation with the Yorbeau staff. The on-going program is generally confirming the extension of the mineralized systems at depth and we are looking forward for 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 by 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 Kinross' 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 split with half-core samples packaged and delivered to ALS Minerals laboratory in Val d'Or, Quebec.  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 are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis on one kilogram of pulverized material.

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 subject of NI 43-101 technical reports that include resource estimates. The Company has signed an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources (see press release dated March 30, 2017).

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.
Vice President
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 Resources Inc. Files Technical Report on Updated Resource Estimate For Scott Lake Deposit

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Montréal, March 30, 2017- Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased announces that it has filed on SEDAR a Technical Report in compliance with National Instrument NI-43-101 on a mineral resource estimate at the Company’s 100% owned Scott Lake Project near Chibougamau, Quebec. The mineral resource estimate was prepared by William E. Roscoe, Ph.D., P.Eng. and Katharine Masun, MSA, M.Sc., P.Geo. of Roscoe Postle Associates Inc. (“RPA”).

The Mineral Resource estimate prepared by RPA for the Scott Lake Project as of February 14, 2017 is summarized in below:

Category/Zone NSR Cut-off Tonnes Copper Zinc Silver Gold
  (C$/t) (Mt) (%) (%) (g/t) (g/t)
Indicated            
Stringer 65 2.39 0.78 2.25 30.5 0.19
Massive Sulphide 100 1.18 1.28 8.04 50.7 0.27
Total Indicated   3.57 0.95 4.17 37.2 0.22
Inferred            
Stringer 65 8.47 0.87 1.37 19.0 0.16
Massive Sulphide 100 5.81 0.65 6.57 27.1 0.32
Total Inferred   14.28 0.78 3.49 22.3 0.22

Notes:

  • CIM definitions were followed for Mineral Resources.
  • Mineral Resources are estimated using a C$100/t net smelter return (NSR) cut-off value for massive sulphide zones and C$65/t NSR cut-off value for sulphide stringer lenses.
  • Mineral Resources are estimated using a copper price of US$3.25/lb, a zinc price of US$1.20/lb, a gold price of US$1,500/oz, a silver price of US$22/oz, and an exchange rate of US$0.80 to C$1.00.
  • A minimum mining width of 2 m was used.
  • Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  • The numbers may not add due to rounding.

It should be noted that compared to the mineral resource estimate reported in the February 14, 2017 press release the table above shows a small increase in resources as a result of further internal review by RPA.

The Scott Project consists of a number of mineralized zones that have all the characteristics of volcanogenic massive sulphide (VMS) mineralization. See attached figure (corresponding to Figure 14-1 of the Report) for location of massive sulphide and stringer zones comprising the Scott Lake deposit. VMS-style mineralization at Scott Lake comprises distinct stratabound massive sulphide lenses located mainly along or close to rhyolite-andesite/basalt contacts. In addition to the massive sulphides, separate zones of VMS-style disseminated and stringer sulphides, which may or may not be connected with massive sulphide lenses, have been found over a strike length of at least two kilometres. RPA estimated Mineral Resources for the Scott Lake Project using drill hole data available as of February 10, 2017. The current Mineral Resource estimate is based on a potential underground mining scenario using a C$100/t NSR cut-off value for massive sulphide zones and C$65/t NSR cut-off value for sulphide stringer zones.

The Yorbeau drilling programs carried out from 2015 to date have increased confidence in the continuity of the mineralization and have shown that there is potential for other discoveries. The discovery of the massive sulphide Gap Zone and the extension of the Scott Lake Stringer Sulphide Zone to the west are good examples, and have contributed most of the significant increase in tonnage in the current Mineral Resource estimate from the previous estimate completed by RPA in 2011. Continued exploration, primarily by diamond drilling, is abundantly warranted for the Property.

Among several recommendations made by RPA in the report, Company management noted the following:

  • A metallurgical test work program should be carried out using existing drill core representative of different zones of massive sulphides and stringer sulphides.
  • A preliminary economic assessment (PEA) is warranted to guide further exploration and evaluation work.

The Company has already initiated a metallurgical test on a representative composite sample and results are expected by the end of the second quarter of 2017. The Company is also evaluating a number of proposals to carry out a PEA.

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 Technical Report and Mineral Resource estimate referred to in this press were prepared by William Roscoe and Katherine Masun. Both are employees of RPA and are independent of Yorbeau. By virtue of their education and relevant experience, they are “Qualified Persons” for the purpose of National Instrument 43-101. William Roscoe and Katherine Masun have read and approved the contents of this press release as it pertains to the disclosed Mineral Resource estimate.

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6km-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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources.

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.
Vice President
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 releases mineral resource estimate at its Scott project – resources are more than triple the previous estimate

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Montréal, February 14, 2017- Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report ona material increase in the updated mineral resource estimate for its copper, zinc, gold and silver project in Scott Township, Chibougamau, PQ. The mineral resource estimate was prepared by William E. Roscoe, Ph.D., P.Eng. and Katharine Masun, MSA, M.Sc., P.Geo. of Roscoe Postle Associates Inc. (“RPA”). A Technical Report in compliance with National Instrument NI-43-101 will be filed on SEDAR within 45 days of this release.

Mineral resources have been classified in the Indicated and Inferred categories as follows:

Category Tonnes % Cu % Zn g/t Au g/t Ag
Indicated 3,556,000 0.9 4.2 0.2 37
Inferred 13,970,000 0.8 3.5 0.2 22
 
Notes:
1. CIM Definition Standards were followed forMineral Resources.
2. Resource are reported at an NSR cut-off value of$100/t for massive sulphide and $65/t for stringer sulphide lenses.
3. Mineral Resources that are not Mineral Reservesdo not have demonstrated economic viability.
4. Numbers may not add due to rounding.

 

The current mineral resource estimate was done by block modeling techniques, using a minimum horizontal width of approximately two metres and a cut-off value based on a Net Smelter Return (NSR*) basis, as warranted by the style of mineralization. The resources enclose both massive sulphide and stringer sulphide lenses, and cut-off values were determined to be $100 per tonne, except for wide stringer sulphides envelopes where a cut-off value of $65 per tonne was used to account for favorable geometry that suggest potential suitability for underground bulk mining methods. All technical parameters will be fully disclosed in the Technical Report prepared by RPA,which will also be posted on Yorbeau’s web site when received.

 * Assumptions made by RPA for the determination of the NSR cut-off include: a US$0.80 Canadian dollar and the following metal prices: copper - US$3.25/lb, zinc - US$1.20/lb,gold - US$1,500/oz, and silver - US$22/oz. Mill recoveries for copper, zinc, gold and silver were established at 90%, 90%, 75%, and 70%, respectively.
 
The recently updated resource includes mineralization in several volcanogenic massive sulphide (VMS) lenses and stringer mineralized zones located over a two kilometre strike length. All lenses range in depth from surface (Selco Lens) to approximately 1,000 m below surface along a shallow general westerly plunge. A 3D isometric view of the wireframes of the mineralized bodies is shown in the attached Figure 1.
 

Increases in mineral resources relative to the previous estimate prepared by RPA and filed by Cogitore Resources in 2011 are attributable to the following factors:

  • Discovery and inclusion ofthe Gap Lens discovered in June 2015;
  • Inclusion of the historicalSelco Lens;
  • Additional drilling on the ScottLake Stringer sulphide zone and West Lens done in 2012 (after 2011 ResourceEstimate);
  • Revised exchange rate (US$0.80:C$1.00 vs 1:1 exchange rate used in 2011). Stringer-typemineralization is particularly sensitive to a low Canadian dollar, smelterterms and commodity prices, especially for zinc.

Gérald Riverin, Company president commented: “We are most enthusiastic about the results of this new mineral resource estimate which no doubt marks a very important milestone for the project and the Company. With the remarkable positive drift in zinc price observed in the market since the summer of 2015, we consider the new resource estimate particularly timely and positive for our Company. The next step is to complete metallurgical testing and initiate a preliminary economic assessment to have a better idea of what we have in our hands”.

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 February 12, 2017 Mineral Resource estimate disclosed in this press release was prepared by William Roscoe and Katherine Masun. Both are employees of RPA and are independent of Yorbeau. Byvirtue of their education and relevant experience, they are “Qualified Persons”for the purpose of National Instrument 43-101. William Roscoe and Katherine Masun have read and approved the contents of this press release as it pertains to the disclosed Mineral Resource estimate.

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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross GoldCorporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources.

More information on the Company may be found onthe 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.Vice President
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel.:514-384-2202
Toll free in North America: 1-855-384-2202
 

Yorbeau initiates diamond drilling programs in two base and precious metal projects

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Montréal, February 9, 2017 - Yorbeau Resources Inc. (TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to announce that two drill rigs are currently in operation respectively at its Caribou and Beschefer projects in northwestern Quebec. The two projects are respectively in the Casa Berardi and Detour Lake belt, where an important increase in exploration activity has taken place in the recent months (Figure 1).

The Caribou project is located in Northwestern Quebec approximately 95km NE of the town of La Sarre and is easily accessible via public roads and a forestry road that provides access to the former Estrades mine. The current drilling is taking place along the western extension of the Estrades mine where exploration work carried by Cogitore led to the discovery of a new massive sulphide deposit in February 2009. Six holes have intersected a thin but high grade massive sulphide lens (sheet) and the weighted average of the six holes drilled to date is 3.3% Cu, 6.5% Zn, 1.7 g/t Au and 66.1 g/t Ag over a core length of 1.5 metres. The planned drilling involves 2,500 metres focused on geophysical anomalies (conductors) in the vicinity of the known deposit, with the aim of finding increased thicknesses.

The Beschefer property is located in northwestern Quebec, approximately 140 NE of the town of La Sarre and 190 kilometres west of Matagami. The property s easily accessible via public and forestry roads that provide access to the former Selbaie Mine located approximately 10 kilometres to the northwest.

Significantly, the property is located immediately to the east of the B-26 deposit on which SOQUEM published mineral resources in 2016 with a Technical Report in compliance with NI 43-101 regulations. The B-26 deposit consists of polymetallic mineralization containing copper, zinc, gold and silver, with mineral resources of 6.78 Mt at 1.1% Cu and 0.5% Zn in the indicated category, and 3.99 Mt at 1.6% Cu and 0.8% Zn in the inferred category. The felsic rocks that host the B-26 mineralization have been identified and traced across Yorbeau's Beschefer property, and the planned drilling program consists of 3,350 metres in 8 holes testing geophysical anomalies (conductors) located generally along the eastern extension of the B-26 deposit and felsic host rocks package.

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 NI 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 subject of NI 43-101 technical reports that include resource estimates. The Company recently announced signing an Option Agreement with an affiliate of Kinross Gold Corporation to pursue exploration on the Rouyn Property (see press release dated October 25, 2016). 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 also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources. The Company also owns the Beschefer project immediately adjacent to SOQUEM's B-26 deposit and where, regionally, exploration interest has been increasing.

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.
Vice President
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.