Yankee Hat Sets Annual General Meeting

Currently there are 86,109,724 Common Shares issued and outstanding. It is anticipated that if the directors implement the Consolidation then the issued and outstanding Common Shares would be in the range of 17,221,945 on a post-consolidation basis.

The Board of Directors currently have no intention of implementing the Consolidation but are asking the shareholders for approval should an opportunity arise that may require a Consolidation during the next year. If a Consolidation is implemented it will remain subject to acceptance of the TSX Venture Exchange and other regulatory approvals as may be necessary.

Further details with regard to the background of the Consolidation are contained in the Company's management proxy circular dated November 13, 2009, a copy of which is available electronically at www.sedar.com.

ON BEHALF OF THE BOARD

P. Bradley Kitchen, President

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. www.yankeehatminerals.com