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Friday, April 30, 2010

YALE (TSX-V:YLL and Frankfurt:YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED

YALE (TSX-V:YLL and Frankfurt:YAB) AND SILVER AMERICA FINALIZE OPTION FOR GUADALUPE PROPERTY, ZACATECAS STATE – INITIAL FIELD PROGRAM FINISHED



April 30, 2010 (Investorideas.com Mining stocks Newswire) Yale Resources Ltd. (TSX-V:YLL and Frankfurt:YAB) is pleased to report that it has signed a formal Agreement with Silver America Inc. (OTCBB – SILA) for the option to earn a 90% interest in Yale’s wholly owned Guadalupe Property located in Zacatecas State, Mexico. Yale has received a total of US$20,000 and 100,000 shares in Silver America.
To earn a 90% interest Silver America will be required to pay Yale US $ 900,000 cash, spend US $ 2,000,000 on exploration expenditures and issue 1,000,000 shares to Yale over four years. Cash payments will be due every six months and will increase to a final payment of US $355,000. Yale will act as the operator for the project. The minimum work commitment before June 30, 2011 is US $ 400,000 including a minimum of 2,000 metres of drilling. Should the earn-in be completed Yale will retain a 10% participating interest in the property as well as a 2% NSR, which can be bought out in entirety for US $ 2,000,000.



In anticipation of the closing of the agreement, Yale personnel have recently finished a stage one exploration program on the Guadalupe property. The program consisted of geological mapping, locating the historic workings on the property, and sampling. 59 chip samples were taken from outcrops and within workings. To date, 25 vertical shafts have been identified within the property. These include the San Antonio and Santa Rosa mines, each reaching 270 metres in depth. The Mina Negra shaft has been measured to be in excess of 100 metres. All of these workings exploited at least 5 different veins that cross the property.


Results from this work program are pending.
About Yale Resources:

Yale Resources is an exploration and development company concentrating in northwestern Mexico that is building value through project generation. Yale has three of its seven properties optioned out to value added partners. These agreements combine for minimum commitments of approximately US $1,100,000 of exploration expenditures over the next 12 months. Yale continues to work on its non optioned properties as well as reviewing new projects with a focus on gold.

On behalf of the Board,
"Ian Foreman"

Ian Foreman, P.Geo.

President
For additional information on Yale Resources please call the Company at 604-678-2531.



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.



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