Yankee Hat Announces Additional 2007 Winter Drilling Results From Its Fran Gold Project

Yankee Hat Minerals Ltd. (the "Company") (TSX VENTURE: KHT) is pleased to announce that it has received assay results for the last four diamond drill holes from its 2007 winter drilling program at the North Contact Zone of its Fran gold project.

Drilling encountered gold mineralization that extends the strike length of the North Contact Zone 200 meters to the west of drill hole FR-06-55. With these results, the Company has proven that the North Contact Zone is continuously mineralized over a strike length of approximately 1200 meters and is wide open for expansion in both directions.

The 2007 winter diamond drilling program at the North Contact Zone was successful as the Company was able to achieve its two main objectives:

1. In-fill drilling closed the 250 meter central gap between the eastern and western sections of the North Contact Zone and showed excellent gold grades (please refer to the Company's News Release dated July 17, 2007); and

2. The Company was able to prove that the North Contact Zone extends west beyond FR-06-55.

The results are encouraging and provide more information to build upon and guide future exploration. Based on the success of the winter program, a follow up summer exploration program is planned and is in the process of being executed.

Some specific results include;

- Drill Hole FR-07-76 intersected 2.27 g/t gold over 10.8 meters including higher grade cores of 15.47 grams per tonne gold over 0.6 meters and 5.64 grams per tonne gold over 3.9 meters. The hole was located approximately 175 meters west of hole FR-06-55 and encountered a strong silica altered monzodiorite dyke at a vertical depth of 105 meters below surface.

- Drilled from the same pad as hole FR-07-76, FR-07-77, encountered a zone of mineralization 25 meters west of FR-07-76 with 0.37 grams per tonne gold over 24.5 meters including higher grade cores of 1.44 grams per tonne gold over 3.2 meters, 1.22 grams per tonne gold over 1.5 meters, and 1.03 grams per tonne over 1.0 meter.

- Hole FR-07-78 was drilled north along the same section as FR-07-77 and had to be terminated before reaching the projected mineralized zone due to a strong fault zone.

- Hole FR-07-79 was an exploratory drill hole designed to test the Western Sump target located apart from and approximately 150 meters north of the North Contact Zone. Previous composite sampling indicated a strong quartz carbonate pyrite alteration with significant values including 5.22 g/t Au, 2.6 ppm Ag, 508 ppm Cu and 33 ppm Zn, however, the hole did not intersect a zone similar to the alteration or mineralization seen on surface.

For a location map of the drill holes, please use the following link: http://www.yankeehatminerals.com/_resources/dplanjuly07.pdf

A table of drilling highlights is provided below for further reference.

Table: Drilling Highlights from the Western Area of
the North Contact Zone.

-------------------------------------------------------
          From     To  Length     Au     Ag    Cu    Zn
Hole        (m)    (m)     (m)  (g/t)  (ppm) (ppm) (ppm)
-------------------------------------------------------

-------------------------------------------------------
FR-07-76 133.2  144.0    10.8   2.27    3.6   878   354
-------------------------------------------------------
Inc.     139.0  143.0     3.9   5.64    8.8  2209   828
-------------------------------------------------------
Inc.     139.0  139.6     0.6  15.47   28.5  8907  1216
-------------------------------------------------------

-------------------------------------------------------
FR-07-77 169.6  194.2    24.5   0.37    1.7   263   332
-------------------------------------------------------
Inc.     170.0  173.0     3.2   1.44    6.2   427  1567
-------------------------------------------------------
Inc.     182.7  183.8     1.0   1.03    9.5  2142  1127
-------------------------------------------------------
Inc.     192.6  194.2     1.5   1.22    2.9   436   195
-------------------------------------------------------

-------------------------------------------------------
FR-07-78 102.7  103.0     0.3   0.04  260.0   544    72
-------------------------------------------------------

The North Contact Zone is a structurally controlled vein system of low sulphidation with a mesothermal temperature regime. The dip of mineralized zones is variable but usually near vertical. True widths are estimated to be roughly 60-70% of those stated.

Wayne Murton, P. Eng. is the Qualified Person under National Instrument 43-101 who is supervising the Fran exploration program. All analytical work was completed by EcoTech Laboratories Ltd. of Kamloops B.C. using standard assay procedures for gold analysis; with any gold values greater than 1.00 g/t going to a metallics assay. 30 element I.C.P. has been completed on all samples.

About Yankee Hat Minerals Ltd.

Yankee Hat Minerals is a Vancouver, British Columbia based, mineral exploration company that trades on the TSX Venture Exchange under the symbol KHT. Currently the company is actively exploring two gold projects in British Columbia: the Fran property located 60 kilometers north of Fort St. James; and the Union Mine property located 55 kilometers north of Grand Forks.