KHT Yankee Hat Minerals Ltd

Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) has
closed the second tranche of its previously announced private placement, for a
total of $694,883 in gross proceeds.


"In total, Yankee Hat has now raised $1,597,208 through this financing," stated
David Matousek, President. "These funds will allow Yankee Hat to focus on the
upcoming drill program on the Fran property at Mount Milligan in British
Columbia."


Yankee Hat has issued 11,052,270 shares at a price of $0.05 per non-flow-through
unit, and 1,896,934 shares at a price of $0.075 per flow-through unit.


The Pro-Group participants in this second tranche are Peter Brown ($100,000) and
Michael Winiker ($10,000) and the insider participating is Tarbo Resources
($33,500).


In connection with the offering, the company has paid the following finder's fees:



--  Raymond James Ltd., 408,024 warrants at an exercise price of 10 cents
    for a period of one year and a cash commission of $20,401; 
--  PI Financial Corp., 18,000 warrants at an exercise price of 10 cents for
    a period of one year and a cash commission of $900; and 
--  D & D Securities Inc., 90,000 warrants at an exercise price of 10 cents
    for a period of one year and a cash commission of $4,500. 



The proceeds from the offering will be used for the fall drill program on the
company's Fran property and for general working capital purposes.


All transactions remain subject to regulatory and corporate approval.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd. is a publicly held resource company that utilizes its
management's expertise in mineral exploration and evaluation, and financial
acumen, to identify, acquire, and develop mineral prospects in mining friendly
jurisdictions with the potential to host large-scale discoveries. The company
strategically focuses on commodities that have strong underlying price
fundamentals such as gold and precious metals, rare earth elements and tungsten.
The Company's website at www.yankeehatminerals.com and public filings at
www.sedar.com provide additional information on its projects and other
information with respect to its management and operations.


ON BEHALF OF THE BOARD

P. Bradley Kitchen, Chief Executive Officer

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