YORBEAU Resources Inc. > Company Profile

Yorbeau Resources Inc. is a Canadian public company (TSX:YRB.A) involved in gold exploration in Quebec, Canada. Its properties are located in a northwestern area of the province associated with a large number of significant deposits, namely the Cadillac-Larder Lake region on the famed Abitibi Greenstone Belt. Some 200 million ounces of gold have thus far been mined in the area.

At the present time, Yorbeau is focusing on its Rouyn Property which has demonstrated the most immediate and substantial prospects for discovery of a major gold deposit and eventual mine development. Representing a consolidation of several contiguous properties strategically located on a famously productive mineralized trend in the Noranda mining camp, the Rouyn Property is divided into seven "Blocks": Augmitto, Cinderella, Durbar, Lake Gamble, Astoria, Wright-Rouyn and Lake Bouzan.

Other holdings of the Company include its interest in the Beschefer Property in northwestern Quebec, as well as a net smelter return royalty on the Ellison Property in Bousquet Township of Quebec, a property that Agnico-Eagle Mines purchased from Yorbeau in 2002.

On-going Exploration Program

Yorbeau's exploration work carried out on the contiguous Augmitto and Cinderella Blocks during 2005-2009 confirmed the presence of both sediment-hosted and carbonate type ores within the blocks. The geology and mineralization show many characteristics similar to the Kerr Addison Mine. Over its lifetime Kerr Addison, located on the same geological structure sixty kilometers to the west, produced over eleven million ounces of gold.

Yorbeau conducted during 2009 an exploration program on the mineralized corridor between the Augmitto and Astoria deposits that followed on the discovery of two gold zones in 2008 – the Cinderella and Lake Gamble zones.

The Company drilled 17,749 meters of NQ diamond holes during the first half of 2010, all within the Augmitto-Astoria corridor. The objective of this widely-spaced drilling was to test the corridor for additional gold shoots in the previously untested areas.

In addition to the drilling, the Company’s geologists initiated during the second half of the year a comprehensive re-evaluation of the historical data on the Augmitto and Astoria deposits. Re-logging of drill core clarified and simplified the previous geologic interpretation on both deposits, as illustrated in the before-and-after cross sections along Augmitto Section 5200E. This section demonstrates that the geology and structure of the Augmitto deposit is less complicated and more predictable than originally believed. Also, re-logging identified sections of drill core that should have been sampled for assay by the original loggers, but was not. Assaying of these intervals has identified portions of the core to be of potential ore grade, a result that indicates that gold mineralization at Augmitto may not be as intermittent in certain areas as originally believed.

These results can be seen by clicking on Augmitto-Astoria longitudinal section that identifies high-priority drill targets that will be drill tested during 2011, which will focus on drilling the Augmitto, Cinderella and Lake Gamble deposits to a drill spacing that will allow calculation of 43-101 compliant resources.

Assets in Place

The investments made by previous owners of Yorbeau's Rouyn Property resulted in a valuable legacy of data and physical infrastructure. These include, at Augmitto, an office and maintenance complex, a 250-metre shaft and a 1,142-meter ramp with development drifts on several levels. Moreover, the Astoria property had significant development. Previous operators had achieved pre-extraction stage development, with a 515 meter (1,690 ft.) shaft and 7 levels of drifts and cross cuts totalling 7,445 m (24,431 ft.).

The site's proximity to the urban centre of Rouyn-Noranda further contributes to the attraction of the property. The town offers a pool of trained labour, so no housing for workers will be required and no roads will have to be built to the site. The site thus offers an ideal set of circumstances for contemplating the start of production. Moreover, Quebec is one of the most welcoming jurisdictions in the world for mining companies.

Yorbeau is strongly positioned to evolve rapidly to its next stage. Realistic expectations see Yorbeau's Rouyn Property becoming a significant gold asset producer from the deposits.

Management Overview