Yale Sells Its Interest in One Zacatecas Property and Options Out the Other Three

VANCOUVER, BC–(EMWNews – August 21, 2008) – Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to report that it has sold its 65% interest in the San

Sabino property to Apex Silver Mines Limited (AMEX: SIL) and has optioned

its 65% interest in the Mina San Jose, Zacatecas, and Salvador properties

to Enviro Energy Capital Corp. (GEC.P-V). These properties form the 65:35

owned Zacatecas Venture with IMPACT Silver Corp. (IPT-V) and are located

within 10 km of the city of Zacatecas, Zacatecas State.

The 65% interest in the 9 hectare San Sabino property was sold to Apex

Silver for US$ 139,408 — the cumulative expenditures that Yale has spent

on the property. In addition, Yale will be paid US$ 250,000 if Apex

Silver, or its affiliates, includes San Sabino in (i) a positive

feasibility study for a mine producing more than 500 tonnes of ore per day

or (ii) as part of an executed mining plan producing greater than 500

tonnes of ore per day. Yale will retain this right in perpetuity.

The 65% interest in the Mina San Jose, Zacatecas, and Salvador properties

has been optioned to Enviro Energy — subject to TSX-Venture approval —

for cash payments totalling $150,000, the issuance of 500,000 shares in

Enviro and expenditures of at least $200,000 within 13 months. Yale has

received $25,000 from Enviro and upon approval of the Exchange, Enviro must

pay Yale an additional $25,000 and issue 200,000 shares.

Yale will remain the operator of the project until such time as Enviro

completes their obligations. A work program will start on the properties

as soon as Yale/Enviro receive approval from the Exchange. A National

Instrument 43-101 report on the Zacatecas Properties has been filed on

SEDAR and is available on the Company’s website.

“The sale and option of the Zacatecas Venture is an important step for Yale

as with its completion we will be able to concentrate solely on all that we

are doing in Sonora and the Urique Project. Yale’s Mexican subsidiary is

growing rapidly as we prepare for a drill program at La Verde and continue

to advance the Carol property as well as expand our interests in Sonora,”

stated Ian Foreman, P.Geo., President of Yale Resources.

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.

The TSX Venture Exchange has not reviewed and does not accept

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.