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Last drill hole at Scott completed – gap lens still open to the east

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  • 15.3 metres of 7.2% zinc, 0.8% copper and 34.6 g/t silver

Montréal, February 7, 2017 - Yorbeau Resources Inc. (TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to report on recent diamond drilling results at its 100% owned Scott
Lake project in Quebec.

Drill hole SC-88W intersected a 15.3 metre long interval of combined stringer (mostly) and massive sulphides in the last hole of the drilling program to explore the Gap Lens. This hole was a 90 metre step out to the east of hole SC-87W3 which had intersected over 20.6 metres of 5.9% zinc, 0.7% copper and 50.9 g/t silver (press release of November 23, 2016), and a 75 metre step out to the east of hole SC-87W2 which had intersected 46.3 metres of massive sulphides grading 9.7% zinc (press release of October 20, 2016). The mineralized interval in SC-88W, as were all previous intercepts released by the Company on the Gap Lens, are located outside of the mineral resources as currently estimated at the Scott project
(see attached Figure 1).
 
Assay results are shown below:

DDH SC-88W Section 1750W (weighted averages)

From (m) To (m) Length (m) Cu% Zn% Au g/t Ag g/t Remarks
929.0 944.3 15.3 0.8 7.2 0.2 34.6 Stringer and massive sulphides (Gap Lens)

Hole SC-88W was a wedge-cut above original hole SC-88 which did not intersect mineralization and ended in barren intrusive rocks of the Chibougamau Pluton at the expected position of the Gap Lens horizon. However, hole SC-88 did intersect mineralization related to West Lens about 80 metres north of the
Gap Lens horizon.

Assay results are shown below: DDH SC-88 Section 1750W (weighted averages)
 
From (m) To (m) Length (m) Cu% Zn% Au g/t Ag g/t Remarks
863.8 874.5 10.7 0.4 3.2 0.5 34.1 stringer and massive sulphides (West Lens) with minor mafic dykes
including
863.8 868.2 4.4 0.1 6.1 1.0 18.3 massive sulphides (West Lens) with minor mafic dykes

As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty and the core lengths displayed in the above tables do not represent the true thickness of the mineralization. However, at the depth of the mineralized zone in SC-88W, the dip of the hole was at 29 degrees and the horizontal thickness of the Gap Lens mineralization therefore represents 13.4 metres. Hole SC-88W was a wedge-cut about 52 metres above hole SC-88 (see attached Figure 1).

Company president Gérald Riverin stated: "We are pleased to have completed our 18 month drilling program on the Gap Lens which represents an exciting new discovery, and happy to see that the very last hole of the program still intersected over 15 metres of mineralization, showing that Gap Lens still continues further east. The published assays were the last remaining ones to be received on the Gap Lens, and we expect now the on-going revised resource estimate to be released very shortly by Roscoe Postle Associates."

The Scott Lake property, 100% owned by Yorbeau, already hosts a number of polymetallic massive sulphide lenses. A resource estimate on Scott Lake was commissioned by Cogitore Resources and prepared by RPA in 2011. The RPA estimate showed combined inferred resources of 5.45 million tonnes grading 1.2% copper, 4.6% zinc, 0.2 g/t gold and 34 g/t silver, using an NSR cut-off of $80 per tonne (Technical Report prepared by Roscoe Postle Associates and filed by Cogitore Resources in 2011). A revised estimate was commissioned by Yorbeau in 2016, and will be completed and filed shortly with a Technical Report.

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags 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 ALS Chemex of Val d'Or.

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.

Yorbeau closes a $985,000 private placement

Montreal, December 23, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed a non-brokered private placement of 7,576,922 flow-through common shares at a price of $0.13 per share for gross proceeds of $984,999.86. Secutor Capital Management Corp. 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.

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. Yorbeau and Kinross Gold Corporation (“Kinross”) have recently signed an option agreement providing for the grant to Kinross of an option to acquire a 100% interest in the Company’s Rouyn Property (see press releases dated October 25, 2016 and December 14, 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.

Yorbeau Resources Inc. announces approval by its shareholders of the potential sale of the Rouyn property under the option agreement entered into with an affiliate of Kinross Gold Corporation

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Montreal, December 14, 2016 – Yorbeau Resources Inc. (TSX: YRB.A) ("Yorbeau" or the "Company") is pleased to announce that it has received the approval of its Class A common shareholders for the potential sale of the Yorbeau's Rouyn property upon exercise of an option under the Option Agreement dated October 24, 2016 entered into by an affiliate of Kinross Gold Corporation ("Kinross") and Yorbeau (the "Option Agreement"), at the special meeting of shareholders held today.

Therefore, Yorbeau is also pleased to confirm that the previously announced private placement of 11,111,111 units (the "Units") of the Company with Kinross in the aggregate amount of $1 million, which was conditional upon the approval by the Class A common shareholders of the Corporation of the sale of the Rouyn Property upon exercise of an option underthe Option Agreement, is expected to close on December 15, 2016. The subscription price of each Unit is $0.09. Each Unit is comprised of one Class A common share (a "Common Share") and one half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase an additional Common Share of the Company (a "Warrant Share") at an exercise price of $0.12 per Warrant Share for a period of 24 months from closing.

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, 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

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, including with respect to the closing of the private placement of Units of the Company with Kinross, 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.

Leading independent advisory firm ISS recommends that shareholders of Yorbeau Resources Inc. vote for the special resolution approving the sale of Yorbeau’s Rouyn property

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Montréal, Canada, December 1, 2016: Yorbeau Resources Inc. (“Yorbeau” or the “Company”) (TSX: YRB.A) is pleased to announce that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that shareholders of Yorbeau vote FOR the special resolution approving the sale of Yorbeau’s Rouyn property upon exercise of an option under the Option Agreement dated October 24, 2016 entered into by an affiliate of Kinross Gold Corporation and Yorbeau at the special meeting of shareholders to be held on December 14, 2016 (the “Meeting”).

ISS’ report noted that “the Option Agreement makes strategic sense as it will monetize the Property for an amount that takes into consideration the existing mineral resources and future potential resources to be discovered. In addition, it is consistent with the company's recent transactions, which have modified the company's focus from being a gold exploration company to a more diversified Quebec exploration company.” The report concludes that shareholders should vote FOR the sale of the Rouyn property “in light of the certainty of value provided by the cash consideration and the strategic merits of the transaction which appear to be consistent with the business objective of the company”.

We encourage all Yorbeau shareholders to read the Company’s management information circular which was mailed to shareholders of record as of November 10, 2016 and is available under the Company’s profile on www.sedar.com. The information circular provided by Yorbeau contains a detailed description of the proposed transaction.

The board of directors of Yorbeau Resources Inc. unanimously recommends that shareholders vote FOR the approval of the sale of the Rouyn property at the Meeting

Yorbeau’s shareholders are reminded to vote before the proxy voting deadline at 5:00 p.m. (Montréal time) on Monday December 12, 2016.

If you require any assistance in completing your proxy, please contact our proxy solicitor, Kingsdale Shareholder Services (“Kingsdale”) by telephone at 1-866-229-8214 toll-free in North America or call collect at 416-867-2272 outside of North America or by e-mail at contactus@kingsdaleshareholder.com.

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, 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

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

Yorbeau continues extending gap lens at Scott project

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  • 20.6 metres of 5.9% zinc, 0.7% copper and 50.9 g/t silver
  • including 6.5 metres of 6.4% zinc, 2.3 g/t gold and 73.3 g/t silver
Montréal, November 23, 2016 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec.
 
Drill hole SC-87W3 intersected a 20.6 metre long interval of combined stringer and massive sulphides in the course of the follow-up program to test the eastern extension of the Gap Lens. This hole was a follow-up of hole SC-87W2 which had intersected over 46 metres of massive sulphides (press release of October 20, 2016). This mineralized interval, as were all previous intercepts released by the Company on the Gap Lens, are located outside of the mineral resources as currently estimated at the Scott project (see attached Figure 1).
 
 Assay results are shown below:
 
DDH SC-87W3 Section 1850W (weighted averages)
From (m) To (m) Length (m) Cu % Zn % Au g/t Ag g/t Remarks
927.7 948.3 20.6 0.7 5.9 1.0 50.9 Stringer and massive sulphides (Gap Lens) with minor mafic dykes
including
932.0 938.5 6.5 0.9 6.4 2.3 73.3 stringer sulphides
and
939.0 948.3 9.3 0.6 7.1 0.5 35.6 massive sulphides with minor mafic dykes

As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty and the core lengths displayed in the above table do not represent the true thickness of the mineralization. However, at the depth of the mineralized zone, the dip of the hole was at 25 degrees and the horizontal thickness therefore represents 18.6 metres. Hole SC-87W3 was a wedge-cut about 32 metres above hole SC-87W2 (see attached Figure 1).

Company president Gérald Riverin stated: “We are happy to see with this last hole that the spectacular 46 metre length of the massive sulphides interval reported last month in SC-87W2 was more than an odd occurrence, and that substantial mineralized widths may be indeed building up in that eastern sector. Two additional holes are planned in 50 metres step-outs further to the east.”

The revised resource estimate is progressing with Roscoe Postle Associates (RPA) and field visits and drill core reviews were completed by RPA in late October.

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

All drill core discussed in this press release was logged and marked up for assay at the Company’s secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags 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 ALS Chemex of Val d’Or.

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.

Yorbeau and Kinross sign definitive option agreement for the Rouyn property

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Montreal, October 25, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has signed a definitive agreement with an affiliate of Kinross Gold Corporation (“Kinross”), whereby Kinross has the option to acquire a 100% interest in Yorbeau’s Rouyn property (“Property”) in Quebec, Canada.

The definitive option agreement provides that Kinross would over a 4-year period, make certain exploration expenditures towards an option to purchase a 100% interest in the Property. In order to earn the purchase option, Kinross must complete a resource estimate for the Property after funding C$12 million dollars of exploration expenditures, including a firm commitment to spend C$3 million in the first 18 months including no less than 12,500 meters of diamond drilling.Kinross will be the operator and project manager of the Property during the option period. The resource estimate is to be completed in accordance with Kinross’ standard estimation and reporting practices and in accordance with a process agreed upon in the definitive option agreement, subject to certain key technical parameters to be determined by mutual consent between Kinross and Yorbeau. Upon delivering the resource estimate to Yorbeau, Kinross will have the option to acquire a 100% interest in the Property for a single cash payment consisting of (i) US $25,000,000, plus (ii) 2% of the prevailing gold price[I] multiplied by the number of ounces in measured, indicated and inferred resources identified in the resource estimate[ii].In addition to the cash payment, Yorbeau will retain a 2% NSR on any ounces produced in excess of the number of ounces identified by Kinross in the resource estimate.

The definitive option agreement remains subject to approval by the shareholders of Yorbeau which will be sought at a special meeting to be held following mailing of a proxy circular to the shareholders of Yorbeau. Shareholders holding 15.3% of the issued and outstanding common shares of Yorbeau have entered into voting support agreements pursuant to which they have agreed to vote in favour of the transaction at such special meeting.

The Company is also pleased to announce that, conditional upon the approval of the definitive option agreement by the shareholders of Yorbeau, Kinross will subscribe to a $1 million private placement of units in the Company. The subscription price of each unit (a “Unit”) is $0.09. Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase an additional common share of the Company (a “Warrant Share”) at an exercise price of $0.12 per Warrant Share for a period of 24 months from closing. The closing of the private placement of the Units is scheduled to occur following the approval of the definitive option agreement by Yorbeau’s shareholders.

Company president Gérald Riverin stated: “Company management is highly enthusiastic to partner with Kinross to advance the Rouyn project with the intention of realizing value for all project stakeholders. We are also very pleased that Kinross will become a shareholder. Having a senior gold producer with worldwide mining interests as a shareholder will constitute a major development for Yorbeau. Signing the definitive option agreement marks a significant milestone for Yorbeau and the Rouyn project, and we are looking forward to working with Kinross to initiate a major drilling program and explore the project.”

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. 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 the option agreement, the approval of the option agreement by the shareholders, closing of the private placement and Kinross becoming a shareholder, 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 and the option agreement remains subject to shareholder approval and the private placement will only close once such shareholder approval is obtained; actual results and future events could differ materially from those anticipated in such statements.

________________________

[i]The price of gold for these purposes will be determined by the average London Bullion Market Association “initial” and “final” fixing prices for gold quoted in US dollars over the period of 30 trading days prior to the confirmation by Kinross of its completion of the required expenditures

[ii] The number of ounces applied to the calculation of the payment to include those classified as measured, indicated or inferred resources (as such terms are defined by the Canadian Institute of Mining, Metallurgy and Petroleum in the most recent CIM Definition Standards for Mineral Resources and Mineral Reserves)

Yorbeau intersects 46 metres of massive sulphides at Scott project

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  • 46.3 metres of 9.7% zinc and 0.5% copper
  • including 11.5 metres of 15.8% zinc and 6.0 metres of 17.3 % zinc

Montréal, October 20, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the "Company" or "Yorbeau") is pleased to report on recent diamond drilling results at its 100% owned Scott Lake project in Quebec.

Drill hole SC-87W2 intersected a 46.3 metre long massive sulphide interval zone in the course of the follow-up program to test the eastern extension of the Gap Lens. This follow-up program was initiated based on recent drilling and on borehole geophysics as explained in the June 13, 2016 press release. Assays were also received for other mineralized intervals along the Gap Lens in holes SC-86 and SC-87W. These mineralized intervals, as were all previous intercepts released by the Company on the Gap Lens, are located outside of the mineral resources as currently estimated at the Scott project (see attached Figure 1).

Assay results are shown below:

DDH SC-87W2 Section 1800W (weighted averages)

From(m) To(m) Length(m) Cu% Zn% Au
g/t		 Ag
g/t		 Remarks
938.3 984.6 46.3 0.5 9.7 0.5 29.1 massive sulphides(Gap Lens) with minor mafic dykes
including
955.0 961.0 6.0 0.6 17.3 0.2 38.3 massive sulphides
and
973.1 984.6 11.5 0.3 15.8 0.2 25.5 massive sulphides

 

As this is still preliminary drilling on the above mineralization, the exact shape and true width cannot be determined with certainty and the core lengths displayed in the above table do not represent the true thickness of the mineralization. However, at the depth of the massive sulphide zone, the dip of the hole was at 31 degrees; assuming a sub-vertical dip for the massive sulphide zones, and taking into account the 31 degree dip of the hole, the core length may represent over 90% of the horizontal thickness.

Assays were received also for two other holes, SC-86 and SC-87W, while hole SC-87 did not hit massive sulphides and instead ended in intrusive rocks of the Chibougamau Pluton (see attached Figure 1).

Assays for holes SC-86 and SC-87W are shown below:

DDH SC-86 Section 1950W (weighted averages)
 
From(m) To(m) Length(m) Cu% Zn% Au
g/t		 Ag
g/t		 Remarks
859.7 871.5 11.8 0.3 4.3 0.1 20.3 massive sulphides and mafic dykes
including
859.7 862.6 2.9 0.7 6.5 0.2 45.6 massive sulphides
and
868.1 871.5 3.4 0.3 9.2 0.1 23.5 massive sulphides

 

The core lengths obtained may not reflect the true width of the mineralization. The mineralized zone in SC-86 consists of an initial 2.9 metre long interval of massive sulphides, followed by a complex combination of high grade massive sulphides bands entangled with mafic dykes that act as internal dilution of the overall mineralized interval. SC-86 is interpreted as being close to the west limit of the Gap Lens (see attached Figure 1).

DDH SC-87W Section 1800W (weighted averages)

From(m) To(m) Length(m) Cu% Zn% Au
g/t		 Ag
g/t		 Remarks
980.0 983.1 3.1 0.3 4.9 0.2 33.9 stringer sulphides

Hole SC-87W was a wedge-cut above original hole SC-87 which did not intersect mineralization and ended in barren intrusive rocks of the Chibougamau Pluton at the expected position of the Gap Lens horizon.

Company president Gérald Riverin stated: "We were very pleasantly surprised by the spectacular 46 metre length of the massive sulphides interval in SC-87W2, which probably is one of the best holes ever drilled in the Chibougamau mining camp. The hole was designed largely based on geophysical vectors as well as computer modelling of the data in surrounding holes, but was also approved in part to close-off the Gap Lens to the east. However, instead of closing-off mineralization, it may have opened up a significant new sector along Gap Lens horizon. As a result, drilling will continue to test for possible extensions of the thick massive sulphides up-dip and to the east. We are looking forward to pursuing drilling in this sector."

While additional follow-up drilling is still in progress, the Company has just commissioned Roscoe Postle Associates (RPA) to initiate a revised resource estimate and a Technical Report in accordance with National Instrument 43-101 ("NI 43-101") on the whole property, including the newly discovered Gap Lens and also the historical Selco deposit which has never been subject to a NI 43-101 resource estimate.

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

All drill core discussed in this press release was logged and marked up for assay at the Company's secure facility in Chibougamau, Quebec. Drill core for assay was split in half. Half of the core was shipped in sample bags with appropriate standards, duplicates and replicates used for quality control purposes. The other half of the core is retained for future reference. For holes SC-86 and SC-87W, samples were shipped to Techni-Lab S.G.B. Abitibi Inc. (ACTLABS) of Ste-Germaine-Boulé, Quebec. For hole SC-87W2, samples were shipped to Laboratoire ALS Chemex of Val d'Or.

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 a Letter of Intent with Kinross Gold Corporation to pursue exploration on the Rouyn Property. 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.

Yorbeau completes final tranche of private placement

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Montreal, October 17, 2016 - Yorbeau Resources Inc.(TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed the final tranche of its previously announced private placement (see press release dated July 19, 2016) by issuing 850,000 additional flow-through common shares at a price of $0.125 per share for gross proceeds of $106,250. The Company has raised total gross proceeds of $1,281,250 under this financing.

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

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates.Yorbeau and Kinross Gold Corporation (“Kinross”) have recently signed a letter of intent providing for the grant to Kinross of an option to acquire a 100% interest in the Company’s Rouyn Property (see press release dated June 22, 2016).

The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources, and Beschefer 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.

Yorbeau closes second tranche of private placement

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Montreal, August 29, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) is pleased to announce that it has completed a second tranche of its previously announced private placement (see press release dated July 19, 2016) by issuing 3,200,000 flow-through common shares at a price of $0.125 per share for gross proceeds of $400,000. The Company has raised total gross proceeds of $1,175,000 under this financing.

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

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates.Yorbeau and Kinross Gold Corporation (“Kinross”) have recently signed a letter of intent providing for the grant to Kinross of an option to acquire a 100% interest in the Company’s Rouyn Property (see press release dated June 22, 2016).

The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources, and Beschefer 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.

Yorbeau announces resignation of director

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Montreal, August 16, 2016 - Yorbeau Resources Inc. (TSX: YRB.A) (the “Company” or “Yorbeau”) announces that David Crevier has resigned from the Company’s board of directors effective today.

Gérald Riverin, President of Yorbeau, stated: “On behalf of the board and management, we thank Mr. Crevier for his many contributions to the Company and wish him well in his future endeavours.”

About Yorbeau Resources Inc.

The Company’s 100% controlled Rouyn Property contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports that include resource estimates. Yorbeau and Kinross Gold Corporation (“Kinross”) have recently signed a letter of intent providing for the grant to Kinross of an option to acquire a 100% interest in the Company’s Rouyn Property (see press release dated June 22, 2016).

The Company has recently expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure favourable for mining development. The newly acquired base metal properties include Scott Lake which hosts important mineral resources, and Beschefer 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.