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MONTRÉAL, Jan. 22, 2025 - Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) has commenced the first phase of its 2025 exploration program in the Selbaie Mine area. This first phase consists of approximately 6,000 metres of drilling on the Beschefer property located 9 km southeast of the former Selbaie producer (56.9 Mt @ 0.87%, Cu 1.85%, Zn 39 g/t Ag) and immediately east of the B-26 Zone currently being developed by Abitibi Metals and Soquem (11.3 MT @ 2.13% Cu Eq (Ind) & 7.2 MT @ 2.21% Cu Eq (Inf)).

The objective of the first phase is to explore the eastward extension of the B-26 Zone to an average depth of approximately 400 metres, as well as providing access for electromagnetic downhole drill surveys. The drilling program will include at least 8 holes (6,000 metres) covering more than 2.6 km along the B-26 horizon, where Yorbeau has already obtained several significant values in copper and zinc between 1999 and 2001 (1.8% copper over 1.5 metres, 0.2% copper and 0.32% zinc over 16 metres, 0.5% copper over 12 metres).

A second phase of work will be dedicated to sector B-14 in the northwest of the property. In this area, geophysical work in 2020 and 2021 revealed several geophysical anomalies along strike from the B-14 Zone. It is anticipated that these targets will be drilled in late 2025 or early 2026. Approximately 5,600 metres of drilling are planned for this phase.

The Beschefer property program consists of:

1. Exploring immediately east of the Abitibi Metals boundary for the continuity of the copper-zinc-gold and silver mineralization of the B-26 Zone.
2. Verifying on section 5750 E a strong alteration zone (West Zone 2 Rivindex) located more than 2 km from Zone B-26.
3. For each hole drilled, execute a downhole EM survey and also survey some previous drilled holes.
4. Testing several induced polarisation anomalies in the northern sector of the property, possibly representing the extension of the B-14 gold zone.

In parallel with these two phases, the compilation of work on the Selbaie-Ouest property is underway and the Company's geologists expect to propose an exploration program soon.

The Selbaie-Ouest property is located less than 3 km west of the recent Soquem discoveries (3.49% Zn, 7.9 g/t Ag, 0.33 Pb over 40.15 m) on the Selbaie horizon. This horizon continues within the Yorbeau property for more than 9 km. In 2008, Yorbeau drilled a series of holes at the eastern border of Yorbeau-Soquem and identified the Selbaie horizon with values of 1.7% Zn. Other results were obtained in the southwest, possibly within the B-26 horizon (0.5% Zn, 173 g/t Ag over 5.4 m). In 2012, hole SW-12A intersected a copper-nickel-cobalt zone in a gabbro. This zone of more than 20 metres of disseminated mineralization contained values up to 0.6% Cu, 0.24% nickel over 1.5 metres.

Over the past 12 months, the area of the former producer Mine Selbaie north of La Sarre has undergone major developments with the development of the B-26 Zone and the discovery of significant copper-zinc mineralization northwest of the Selbaie mine by Société Soquem (Yorbeau's Selbaie-Ouest property). In these areas, major work is underway including more than 56,000 metres of drilling. Yorbeau is in a strategic position with respect to these two projects. According to the knowledge acquired by Yorbeau, the host rocks of these deposits could logically continue for several kilometres within the boundaries of the Beschefer and Selbaie-Ouest properties (Figure 1). The Company therefore plans to carry out work for a total amount of approximately $2.0 million over the next 18 months on these two properties.

Yorbeau recently announced the completion of the sale of its Rouyn gold property to Lac Gold Rouyn Inc., for a total consideration of $25 million (press release dated December 16, 2024). Yorbeau intends to use the proceeds from the sale of the Rouyn property to fund exploration programs and pre-development activities on its other properties, including its 2025-2026 exploration work.

The scientific and technical content of this press release has been reviewed, prepared, and approved by Mr. Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. The Company’s focus is on seeking a partner to further explore and develop its Scott Lake zinc copper deposit near Chibougamau Quebec (refer to Yorbeau’s National Instrument 43-101 compliant technical report dated December 6, 2017, titled “Technical Report on the Preliminary Economic Assessment for the Scott Lake Project, Northwestern Québec, Canada,” available on the Company’s SEDAR+ profile at www.sedarplus.ca). Yorbeau also intends to focus on continuing exploration on its well-located properties in the Detour, Joutel and Selbaie region of north western Quebec. These properties include the Beschefer property which is adjacent to the B-26 base metal deposit now being explored by Abitibi Metals Corp. and the Selbaie West property adjacent to Soquem (Wagosic property) where they are presently intersecting base metal values along the Selbaie mine horizon.

Additional information about the Company is available on its website in https://www.yorbeauresources.com.

For more information, visit the website: https://www.yorbeauresources.com or contact

G. Bodnar Jr.
President and CFO
Ressources Yorbeau Inc.
Tel: 514-384-2202
gbodnar@yorbeauresources.com

Laurent Hallé P. Geo
Senior Consultant
Ressources Yorbeau Inc.
Tel: 819-629-9758
lhalle@yorbeauresources.com

Toll-free in North America: 1 (855) 384-2202

Forward-Looking Statements: Except where statements are made with respect to historical facts, all statements contained in this news release, including those relating to the drilling program, any future exploration plans of the Company, the intended use of proceeds from the sale of the Rouyn property, as well as any statements relating to future plans and objectives, are forward-looking statements that involve significant risks and uncertainties. There can be no assurance that these statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in these statements. Yorbeau disclaims any obligation to update these statements unless required by applicable securities laws.

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MONTRÉAL, Oct. 28, 2024 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to provide an update on its upcoming exploration on its high-potential strategic metals (Copper, Zinc, Nickel, and Cobalt) properties in Beschefer, Selbaie West, and Landrienne. The Company plans to invest nearly $2 million on three properties over the next 18 months. The Company intends to fund these programs using the proceeds of the $1 million private placement of flow-through class A common shares of the Company completed in August 2024 and a portion of the $25 million purchase price to be received from the sale of its Rouyn gold property.

Highlights:

• 6,610 meters of drilling on the possible extension of the B-26 Copper and Zinc zone of Abitibi Métal-Soquem.
• Verification of induced polarization targets on the extension of the B-14 gold zone.
• Verification of the new Nickel and Copper zone in northern part of Selbaie-West property.
• Characterization of the Detour-Selbaie host rock mineralization of Soquem. Detour-Selbaie minéralisation on Yorbeau ground.
• Verification of gravity anomaly targets near the Landôme deposit.

The Company will focus on base metal exploration in line with the Quebec and Federal governments’ inclusion of copper, zinc, nickel, and cobalt as strategic minerals. Moreover, these metals are in high demand globally, with prices rising, making their availability crucial for Western countries.

The Company recently announced the entering into of a binding agreement for the sale of its Rouyn gold property to Lac Gold Rouyn Inc. for a total purchase price of $25 million (press release dated October 2, 2024). This transaction, when closed, will provide additional funding for the Company’s 2024-2025 exploration work.

Over the past 12 months, the area of the former producer Mine Selbaie north of La Sarre has seen major exploration with the development of the B-26 zone by Abitibi Métal-Soquem and the discovery of significant copper and zinc mineralization northwest of the Selbaie mine by Soquem. These two sectors are currently the subject of major work totaling 56,000 meters of drilling. Yorbeau holds a strategic position relative to these two projects. Based on Yorbeau’s acquired knowledge, the host rocks of these deposits could logically extend several kilometers within the boundaries of the Beschefer and Selbaie-West properties (see Figure 1). The Company plans to undertake exploration amounting to over $1.7 million on these two properties over the next 18 months.

Beschefer Property

For 2024 and 2025, the Company plans for exploration work totaling $1,574,500, including $1,284,250 on the B-26 zone and $288,250 on the B-14 zone. Over 6,500 meters of drilling is planned, as well as a 1,352 km airborne magnetic and electromagnetic survey covering the entire property (completed in August 2024). This survey will help better define geological contacts, highlight intrusive bodies, and identify discordant structures. The survey was conducted along north-south lines spaced 100 meters apart.

The Beschefer property program was designed to:

• Trace the continuity of copper-zinc-gold and silver mineralization from the B-26 zone immediately east of Abitibi Métals-Soquem boundary.
• Verify a strong alteration zone, located over 2 km to the east of B-26 zone.
• Obtain a complete magnetic map of the property for more precise geological contact and structure tracing.
• Conduct downhole EM surveys for the current drilling campaign and certain older drill holes.
• Verify several induced polarization anomalies in the northern sector, possibly corresponding to the extension of the B-14 gold zone.

.

Selbaie-Ouest Property

For the years 2024 and 2025, the Company plans exploration work for an amount of $250,000. A 1,000 meter drilling program and geophysical surveys will be planned in the coming weeks.

The Selbaie-Ouest property program has been designed to:

• Test the copper and nickel mineralization in the northern part with an induced polarization survey and 1,000 meters of drilling.
• Characterize the felsic rock unit hosting the Détour-Selbaie mineralization on Yorbeau ground.

The Selbaie-Ouest property sector has undergone significant developments. Soquem over the past two years has discovered important values of copper-zinc and silver mineralization on a felsic rock horizon on its Wagosic property. This horizon crosses the eastern boundary of the Yorbeau Selbaie-West property as indicated by a drill section completed in 2017 in hole SW-04 (0.5% Cu, 1.07% Zn over 5.5 meters). The Company intends to carry out geophysical surveys and drilling. The budget and exploration program for the extension of the copper and zinc mineralization is being prepared and will be disclosed later.

In parallel with the Copper and Zinc mineralizations, hole SW-12A (February 2012) was resampled to obtain full metal values along the mineralized zones. In fact, in 2012, the drilling had only been partially analyzed in the disseminated sulphide zones which returned 0.24% Ni and 0.6% Cu over 1.5 meters. The new assays returned values of 0.09% Cu and 0.12% Ni over 7.9 meters (344.4 to 352.3), as well as 0.12% Cu and 0.09% Ni over 33 meters (364 to 397.7), including 0.4% Cu and 0.18% Ni over 2.85 meters (378.5 to 381.35). These new data, combined with the bleb textures observed throughout the drilling (Figure 3), suggest a possible larger magmatic copper-nickel system. Geophysical surveys and drilling are necessary in the area. The Company is therefore planning an induced polarization survey and a 1,000 meter drilling campaign for a budget of $250,000.

Landrienne Property

Over the past two years, Yorbeau has conducted induced polarization and gravity surveys in the eastern sector of the property. Several geophysical anomalies (figure 4) have been identified within 700 meters of the Landôme deposit (251,304 tonnes grading 2.48% Cu and 2.02% Zn). These targets will be verified with 700 meters of drilling on two targets at a depth of about 250 meters before the end of the year.

The scientific and technical content of this press release has been reviewed, prepared, and approved by Mr. Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For more information, visit the website: https://www.yorbeauresources.com or contact

G. Bodnar Jr.
President and CFO
Ressources Yorbeau Inc.
Tel: 514-384-2202
gbodnar@yorbeauresources.com

Laurent Hallé P. Geo
Senior Consultant
Ressources Yorbeau Inc.
Tel: 819-764-6796
lhalle@yorbeauresources.com

Toll-free in North America: 1 (855) 384-2202

Forward-looking Statements:

Except for statements of historical facts, all statements in this press release, including without limitation those concerning Yorbeau’s planned exploration programs, closing of the sale of Yorbeau’s Rouyn property (the “Transaction”) and the intended use of proceeds thereof, and future plans and objectives, are forward-looking statements involving risks and uncertainties. These risks and uncertainties include, but are not limited to, the failure of the parties to the Transaction to satisfy the closing conditions to the Transaction, failure of the parties to satisfy such conditions in a timely manner, and risks related to the payment of the unpaid balance of the purchase price for the Transaction and the timing of any such payments, and the risks and uncertainties described in Yorbeau’s most recently filed annual information form. Failure of the parties to satisfy the conditions to the completion of the Transaction or to complete the Transaction may result in the Transaction not being completed on the proposed terms, within the anticipated timeframe, or at all. There is no assurance that any such statements will prove accurate. Actual results and future events may differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such statements, otherwise than as required by applicable securities laws.

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Montreal, October 2, 2024 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to announce that it has signed, on October 1, 2024, a definitive asset purchase agreement in the context of a transaction (the “Transaction”) whereby Lac Gold (Rouyn) Inc. (“Lac Gold”), a Canadian based subsidiary of Lac Gold Pty Ltd (Au) newly created for purposes of the Transaction, would, subject to certain conditions, acquire a 100% interest in Yorbeau’s Rouyn property (the “Property”).

The asset purchase agreement provides that, in consideration of a 100% interest in the Property, Lac Gold must pay a purchase price of C$25,000,000 to the Company as follows:

• C$2,000,000 paid to the Company within 48 hours of signing;
• C$3,000,000 payable to the Company on the closing date of the Transaction, but no later than December 16, 2024; and
• three equal instalments of $6,666,666 payable to the Company on each of the second, third and fourth anniversary of the closing date of the Transaction, collectively making up the C$20,000,000 unpaid balance of the purchase price, as evidenced by a promissory note to be issued by Lac Gold to the Company carrying interest at a rate of 5% per annum.

In addition to the purchase price payable by Lac Gold, upon closing of the Transaction, Lac Gold will issue and grant to the Company a 2% net smelter royalty (“NSR”) on any minerals produced from the Property.

Assuming satisfaction of customary closing conditions in respect of the Transaction, title to the Property shall be transferred to Lac Gold upon payment of the second tranche of C$3,000,000. Lac Gold has until the fourth anniversary of the closing date of the Transaction to pay the final instalment on the unpaid balance of the purchase price, but may accelerate any such payment. Lac Gold’s payment of the unpaid balance of the purchase price, together with accrued and unpaid interest thereon, will be secured, as of the closing date of the Transaction, by a first-ranking hypothec on the Property.

Yorbeau intends to use the proceeds from the sale of the Property to fund exploration programs and pre-development activities on its other properties, as well as for general corporate purposes.

“Yorbeau looks forward and has committed to working closely with the team at Lac Gold in satisfying all closing conditions expeditiously and closing this transaction as well as assisting Lac Gold in bringing the Rouyn property into production,” commented G. Bodnar Jr., President and CFO of Yorbeau. “Terry Kocisko, CEO of Yorbeau, and I are pleased about this new beginning for Yorbeau. The proceeds from the sale of the Rouyn property (against which Yorbeau intends to offset accumulated tax attributes), as well as the 2% NSR, will allow Yorbeau to shore up its balance sheet for many years to come and allocate funds to further delineate resources and conduct work our numerous other properties. The Yorbeau exploration team, led by Laurent Hallé P. Geo, will now have the necessary funds to accelerate exploration on key target sites which shall be announced shortly in our subsequent press releases. We would like to thank our longstanding shareholders for their continued support and confidence over the last 30 plus years.”

Matthew Keegan, Chairman of Lac Gold stated: “The Rouyn property is an outstanding opportunity. We are focused on Quebec, being ranked as one of the world’s most attractive mining investment jurisdictions and it is apparent that the Yorbeau team has defined a considerable mineral endowment with clear potential to rapidly increase in size. We are looking forward to commencing our on-ground works, including economic and baseline studies as well as resource drilling. We are excited to be establishing ourselves in the Rouyn-Noranda district and look forward to working closely with local stakeholders in developing this district scale package.”

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Upon the sale of the Company’s Rouyn property, the Company intends to focus on seeking a partner to further explore and develop its Scott Lake zinc copper deposit near Chibougamau Quebec (refer to Yorbeau’s National Instrument 43-101 compliant technical report dated December 6, 2017, titled “Technical Report on the Preliminary Economic Assessment for the Scott Lake Project, Northwestern Québec, Canada,” available on the Company’s SEDAR+ profile at www.sedarplus.ca). Yorbeau also intends to focus on continuing exploration on its well-located properties in the Detour, Joutel and Selbaie region of north western Quebec. These properties include the Beschefer property which is adjacent to the B26 base metal deposit now being explored by Abitibi Metals Corp.( AMQ:CHI) and the Selbaie West property adjacent to Soquem (Wagosic property) where they are presently intersecting base metal values along the Selbaie mine horizon.

About Lac Gold Pty Ltd

Lac Gold Pty Ltd is an Australian private company established to acquire and develop precious metal resources. The Lac Gold team is backed by a combination of investors including high net worth individuals, family offices and resource industry professionals. With the signing of the Rouyn property acquisition documentation, Lac Gold will shortly initiate its strategy of demonstrating the viability of developing Rouyn as a new mining operation in Quebec. This work includes economic and technical studies and expanding the gold resources.

For further information, please contact:

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

Forward-looking statements: Except for statement of historical fact, all statements in this news release, including, without limitation, statements regarding the Transaction, payments in respect of the purchase price and the timing thereof, satisfaction of closing conditions, Lac Gold’s future intentions, development of the Property and any production thereon, the Company’s intended use of proceeds, including any future exploration plans of the Company, and any statements regarding future plans and objectives, are forward-looking statements which involve significant risks and uncertainties. These risks and uncertainties include, but are not limited to, the failure of the parties to satisfy the closing conditions to the Transaction, failure of the parties to satisfy such conditions in a timely manner, significant transaction costs and unknown liabilities, risks related to the payment of the unpaid balance of the purchase price and the timing of any such payments, failure to realize the expected benefits of the Transaction, risks related to Lac Gold, including its activities on the Property, and the risk that the Property may not be developed or begin production in a timely manner, or at all. Failure of the parties to satisfy the conditions to the completion of the Transaction or to complete the Transaction may result in the Transaction not being completed on the proposed terms, within the anticipated timeframe, or at all. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

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MONTREAL, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce that it has completed a fully-subscribed private placement (the "Private Placement") by issuing 20,000,000 "flow-through" Class A common shares at a price of $0.05 per share for aggregate gross proceeds of $1,000,000.

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

Five directors subscribed for a total of 12,110,000 Class A common shares having an aggregate subscription price of $605,500. As insiders of the Company participated in the Private Placement, it is deemed to be a "related party transaction" as defined under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(a) and 5.7(a)) as neither the fair market value of the Class A common shares distributed to, nor the consideration received from, interested parties exceeded 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the Private Placement as participation of the insiders had not been confirmed at that time.

The Company paid finder fees in the aggregate amount of $3,540 with respect to a portion of the Private Placement.

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.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake-Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area. For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514-384-2202

Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, including, without limitation, statements regarding the use of proceeds of the Private Placement are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

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MONTREAL, June 18, 2024 - Yorbeau Resources Inc. (TSX: YRB) (“Yorbeau” or the “Company”) announces that the nominees listed in the Company’s management proxy circular dated May 17, 2024 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 18, 2024 in Montreal are set out below.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake-Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn‑Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area. For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514-384-2202

Toll free in North America: 1-855-384-2202

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MONTREAL, May 28, 2024 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to announce that it has completed the acquisition of the remaining 20% undivided interest (the “Minority Interest”) in certain mining claims comprising a portion of the Company’s Beschefer property.

The Beschefer property is located in northwestern Quebec, approximately 140 kilometers northwest of the town of La Sarre and 190 kilometres west of Matagami (Figure 1). The Beschefer property covers an area of approximately 4,075 hectares and is composed of 128 claims. Yorbeau already held a 100% interest in all of these claims, except for the 65 claims that were subject to the Minority Interest. Further to the acquisition of the Minority Interest, Yorbeau owns a 100% interest in all the Beschefer property, subject to a 1% NSR royalty held by third parties on a portion of the property.

Yorbeau acquired the Minority Interest from International Explorers & Prospectors Inc. (“IEP”), pursuant to an agreement entered into among the Company, Explorers Alliance Corporation and IEP, in consideration of, among other things, the payment by Yorbeau of an amount of $200,000 to IEP.

G. Bodnar Jr., President and Chief Financial Officer of the Company, commented: “Yorbeau is very pleased to have acquired the remaining minority interest in a portion of its Beschefer property. The whole area around Beschefer (often referred to as the “Detour Trend”) is one of the most active exploration areas in Quebec. The property is located immediately to the east of the B-26 deposit on which SOQUEM completed a major definition drilling program. As a result of the acquisition, Yorbeau is positioned to attract interest in the property from other exploration and mining companies.”

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

DESCRIPTION OF SOME KEY YORBEAU PROPERTIES

1- ROUYN PROPERTY

The property is located in the heart of the Rouyn-Noranda mining camp. For more than 40 years, Yorbeau has made significant progress in its exploration programs aimed at defining the mineral potential of the Rouyn property. Drilling has identified several mineralized zones, confirming the economic potential of the property for high-quality gold resources. Since the first gold discovery on the property, various companies have drilled a total of 525,236 metres in total. Since 2019, the Company and its former partner (IAMGOLD) have completed 54,285 metres of drilling.

The new resources are 918,000 ounces of gold in the indicated category and 615,000 ounces of gold in the inferred category. The resources of the property have been independently calculated by Innov Explo Inc. of Val d’Or in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).¹

Deposit	Cut-off (g/t)		Indicated mineral resources			Inferred mineral resources
	Ultramafic hosted	Argillite hosted	Tonnage	Au(g/t)	Ounces	Tonnage	Au(g/t)	Ounces
Augmitto-Cinderella	2,05	2,2	1 769 000	3,65	208 000	940 000	3,17	96 000
Astoria	2,05	2,2	3 236 000	3,30	343 000	3 956 000	3,43	437 000
Gamble	2,05	2,2	3 285 000	3,48	367 000	882 000	2,92	83 000
Total	2,05	2,2	8 290 000	3,44	918 000	5 778 000	3,31	615 000

These resources have been defined to a maximum depth of 900 metres and remain open at depth and along strike over some of the zones. The Company plans to actively pursue development work and plans to start a pre-feasibility study including the application of development permits to relevant government departments.

2- SCOTT LAKE PROPERTY

The Scott Lake property is located approximately 20 km southwest of the city of Chibougamau. Historically, the Chibougamau region has produced 1.6 billion pounds of copper and 3.2 million ounces of gold since 1959. The reserves of the Scott Lake property were evaluated in 2017 in a NI 43-101 compliant geological report by Toronto-based Roscoe Postle and Associates¹. This report indicates that the reserves are 3.57 million tonnes at 0.95% Cu, 4.17% Zn, 37.2 g/t Ag and 0.22 g/t Au in the indicated category and 14.28 million tonnes at 0.78% Cu, 3.49% Zn, 22.3 g/t Ag and 0.22 g/t Au in the inferred category. The preliminary economic study indicates an IRR of 16.6% and an NPV of $146 million with a pre-production cost of $215 million and net revenue of nearly $2 billion.

3- BESCHEFER PROPERTY

The Beschefer property is located 140 km northwest of LaSarre and 190 km west of Matagami (Figure 2). The property is less than 200 m from the B-26 copper-zinc zone that contains 7.0 million tonnes at 2.94% Cu Eq in the indicated category and 4.4 million tonnes at 2.97% Cu Eq in the inferred category. The B-26 horizon is present over more than 9 km on the Yorbeau property. Over the past 20 years, Yorbeau has drilled several holes indicating the presence of significant mineralization, coupled with zones of significant alteration, typically associated with volcanogenic massive sulphide deposits. Abitibi Metals Inc. recently announced a 50,000 metres drilling program on the B-26 zone and the B-14 gold zone. Both zones are immediately adjacent to the Yorbeau claims boundary and both zones appear to continue within the Yorbeau property.

4- SELBAIE-OUEST PROPERTY

The Selbaie-Ouest property is located 8 km west of the former Selbaie mine (56.9 million tonnes at 0.87% Cu, 2% Zn, 39 g/t Ag, 0.55 g/t Au) (Figure 2). It is also located less than 3 km west of the recent Soquem discoveries (3.49% Zn, 7.9 g/t Ag, 0.33 Pb over 40.15 metres) in the Selbaie horizon. This horizon continues within the Yorbeau property for more than 9 km. In 2008, Yorbeau conducted a series of drill holes on the eastern boundary of Yorbeau-Soquem and identified the Selbaie horizon with values of 1.7% Zn. Other good results were also obtained in the southwest, possibly within the B-26 horizon (0.5% Zn, 173 g/t Ag over 5.4 metres).

The scientific and technical content of this news release has been reviewed, prepared, and approved by Mr. Laurent Hallé, Senior Mineral Exploration Consultant with Yorbeau, who is a “Qualified Person” as defined in NI 43-101.

For more information, please visit our website at https://www.yorbeauresources.com or contact:

G. Bodnar Jr.
President and CFO
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tél. : 514 384-2202

Laurent Hallé P. Géo
Senior Mineral Exploration Consultant
Yorbeau Resources Inc.
lhalle@yorbeauresources.com

Call free of charge from anywhere in North America at 1-855-384-2202

Forward-looking statements

Except for statement of historical fact, all statements in this news release, including without limitation, regarding the prospects of the Company’s properties, potential for interest from third parties in any such properties, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

¹ The technical reports entitled (i) “NI 43-101 Technical Report and Mineral Resource Estimate for the Rouyn Project, Quebec, Canada” dated June 9, 2023, with an effective date of April 17, 2023, and (ii) “Technical Report on the Preliminary Economic Assessment for the Scott Lake Project, Northwestern Québec, Canada” dated December 6, 2017, are available on SEDAR+ (www.sedarplus.ca) under Yorbeau’s issuer profile.