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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Montreal, August 7, 2023 – Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau“) is pleased to announce that it has completed the third and final tranche of a $1,200,000 private placement (the “Private Placement“) by issuing on August 4 2023 8,898,333 Class A common shares comprised of 3,668,333 “flow-through“ Class A common shares at a price of $0.07 per share and 5,230,000 non-flow-through Class A common shares at a price of $0.035 per share for an aggregate gross proceeds of $439,833. The first and second tranches of the Private Placement generated an aggregate of $760,167 in gross proceeds for the Company, as previously announced by the Company on June 30, 2023.

The Company will use the proceeds raised from the issue of the flow-through Class A common shares to incur Canadian exploration expenses on its properties and the proceeds raised from the issue of the non-flow-through Class A common shares for general corporate purposes.

Four directors of the Company, namely Messrs. Terry Kocisko, Georges Bodnar Jr., Henri Gélinas, and Dany Laflamme, subscribed for 3,096,429, 485,714, 861,457 and 1,703,333 Class A common shares, respectively, and a total of 6,146,933 Class A common shares in the aggregate having an aggregate subscription price of $336,534.31. As insiders of the Company participated in the Private Placement, it is deemed to be a “related party transaction” as defined under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions (“MI 61101“). The Private Placement was reviewed and approved by the board of directors of the Company, with interested directors abstaining from voting on such approval following a disclosure of their interest in the Private Placement as required under the Business Corporations Act (Québec). The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(a) and 5.7(a)) as neither the fair market value of the Class A common shares distributed to, nor the consideration received from, interested parties exceeded 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the first and second tranches of the Private Placement as participation of the insiders had not been confirmed at that time.

The Company paid finder fees in the aggregate amount of $3,572 with respect to a portion of the third tranche of the Private Placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

About Yorbeau Resources Inc.

Yorbeau Resources Inc. is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

For more information, please visit our website at https://www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, including, without limitation, statements regarding the use of proceeds of the Private Placement are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

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MONTREAL, July 28, 2023 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) announces that, effective July 21, 2023, it has changed auditors.

At the request of the Company, KPMG LLP (“KPMG”) has resigned as auditor of the Company and Raymond Chabot Grant Thornton S.E.N.C.R.L. (“RCGT”) has been appointed. There were no reservations in KPMG’s reports for the two most recently completed fiscal years or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of KPMG’s resignation. There were also no reportable events between the Company and KPMG or between the Company and RCGT.

The audit committee and board of directors of the Company have approved the appointment of RCGT as successor auditor. In accordance with Regulation 51-102 respecting Continuous Disclosure Obligations, a notice of change of auditor together with the required letters from the former auditor and the successor auditor have been filed on SEDAR.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

For more information, please visit our website at https://www.yorbeauresources.com or contact:

G. Bodnar Jr.
President and CFO
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tél. : 514 384-2202

Sans frais en Amérique du Nord : 1 855 384-2202

Laurent Hallé P. Géo
Senior Mineral Exploration Consultant
Yorbeau Resources Inc.
lhalle@yorbeauresources.com
Tél. : 819 629-9758

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Montreal, June 30, 2023 – Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau“) is pleased to announce that it has completed the first and second tranches of a $1,200,000 private placement (the “Private Placement“) by issuing (i) on June 29, 2023,  10,037,381 Class A common shares comprised of 4,121,667 “flow-through“ Class A common shares at a price of $0.07 per share and 5,915,714 non-flow-through Class A common shares at a price of $0.035 per share for an aggregate gross proceeds of $495,567 and (ii) on June 30, 2023, 5,350,000 Class A common shares comprised of 2,210,000 “flow-through” Class A common shares at a price of $0.07 per share and 3,140,000 non-flow-through Class a common shares at a price of $0.035 per share for aggregate gross proceeds of $264,600. The first and second tranches of the Private Placement generated an aggregate of $760,167 in gross proceeds for the Company. The Company expects to close the remainder of the Private Placement in July 2023.

The Company will use the proceeds raised from the issue of the flow-through Class A common shares to incur Canadian exploration expenses on its properties and the proceeds raised from the issue of the non-flow-through Class A common shares for general corporate purposes.

Three insiders subscribed for a total of 8,008,571 Class A common shares having an aggregate subscription price of $395,800. As insiders of the Company participated in the Private Placement, it is deemed to be a “related party transaction” as defined under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transactions (“MI 61101“). The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 (pursuant to subsections 5.5(a) and 5.7(a)) as neither the fair market value of the Class A common shares distributed to, nor the consideration received from, interested parties exceeded 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the first and second tranches of the Private Placement as participation of the insiders had not been confirmed at that time.

The Company paid finder fees in the aggregate amount of $18,023 with respect to a portion of the first and second tranches of the Private Placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

About Yorbeau Resources Inc.

Yorbeau Resources Inc. is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

For more information, please visit our website at https://www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514-384-2202
Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for statement of historical fact, all statements in this news release, including, without limitation, statements regarding the use of proceeds of the Private Placement and the timing of closing of the balance of the Private Placement are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking statements, other than as required by applicable securities laws.

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MONTREAL, June 13, 2023 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB) (“Yorbeau” or the “Company”) announces that the nominees listed in the Company’s management proxy circular dated May 12, 2023 were elected as directors of Yorbeau. The detailed results of the vote for the election of directors held at the annual general meeting of shareholders on June 13, 2023 in Montreal are set out below.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

For additional information on the Company, consult its website at www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514-384-2202

Toll free in North America: 1-855-384-2202

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MONTREAL, June 09, 2023 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) is pleased to announce that is has filed a technical report (the “Technical Report”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects with respect to its new Mineral Resources Estimates (“MREs”) for its wholly owned Rouyn Gold Property (“Rouyn” or the “Property”), in the Rouyn-Noranda Mining Camp, Québec. The Technical Report entitled “NI 43-101 Technical Report and Mineral Resource Estimate for the Rouyn Project, Quebec, Canada” and dated June 9, 2023 (with an effected date of April 17, 2023) has been prepared for Yorbeau by InnovExplo Inc. The Technical Report is available on SEDAR (www.sedar.com) under Yorbeau’s issuer profile.

The highlights of the Technical Report were previously announced in a news release of the Company dated April 25, 2023. There are no material differences between the key results contained in Yorbeau’s news release dated April 25, 2023 pertaining to the MREs for the Property from those contained in the Technical Report filed on the date hereof.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company (TSX: YRB) involved in gold and base metal exploration in Quebec, Canada. Its properties are in northwestern area of the province containing many significant deposits on the famed Abitibi Greenstone Belt, including major gold mines along the Larder Lake- Cadillac Break and several volcanic centers hosting major copper-zinc-gold deposits.

Yorbeau is focusing on its Rouyn Gold and Scott Lake Zinc-Copper projects which have demonstrated the most immediate and substantial prospects for discovery and eventual mine development. While Scott is very favorably located in the Chibougamau mining camp, Rouyn represents a consolidation of several contiguous properties strategically located on the famously productive Cadillac Break in the Rouyn-Noranda Mining Camp. Other holdings of the Company include its interest in the past producing Joutel Gold Mining Camp and the Beschefer Property adjacent to SOQUEM’s B-26 deposit in the Selbaie Mine area.

For more information, please visit our website at https://www.yorbeauresources.com or contact:

G. Bodnar Jr.
President and CFO
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tél. : 514 384-2202

Sans frais en Amérique du Nord : 1 855 384-2202

Laurent Hallé P. Géo
Senior Mineral Exploration Consultant
Yorbeau Resources Inc.
lhalle@yorbeauresources.com
Tél. : 819 629-9758

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Montreal, Quebec, December 19, 2022, Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) announced today that IAMGOLD Corporation (“IAMGOLD”) has terminated its option to purchase a 100% interest in Yorbeau’s Rouyn property under the definitive option agreement between Yorbeau and IAMGOLD dated December 14, 2018 (the “Option Agreement”). IAMGOLD has indicated to Yorbeau that it has reviewed its options with the Rouyn project with respect to which it has invested significant funds over the last four years, and that the decision to terminate was due, among other factors, to its current decision to delay new investments in order to focus first on the Côté Gold Project.

The terms of the Option Agreement were announced in the Company’s press release dated December 17, 2018. Among other commitments, IAMGOLD was required to make scheduled cash payments in an aggregate amount of C$4 million during the expenditure period provided under the Option Agreement, of which C$3.25 million had been paid by IAMGOLD prior to termination of its option. IAMGOLD was required to make C$9 million of expenditures during the four-year option period in order to maintain its option. As at July 2022, IAMGOLD had spent more than C$8.3 million in drilling and other expenditures on the Rouyn project.

Yorbeau is pleased with the amount of drilling completed by IAMGOLD. With the Rouyn project no longer being committed to IAMGOLD, Yorbeau plans to explore other options with a view to maximizing such project’s value in light of current economic conditions, including the current market price of gold. Notwithstanding the termination of the Option Agreement by IAMGOLD, Yorbeau plans to work with its external consultants to complete the National Instrument 43-101 compliant mineral resource estimate for the Rouyn project, in respect of which IAMGOLD had commenced preliminary work under the Option Agreement.

About Yorbeau Resources

The 100% owned Rouyn property contains four known gold deposits in the six-kilometre-long Augmitto-Astoria corridor located in the western part of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the subject of technical reports that include resource estimates and have been filed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec and Ontario that feature an infrastructure favourable for mining development, including the Scott project, which bears important mineral resources (see the press release dated March 30, 2017) and on which a positive preliminary economic assessment was previously completed.

Additional information about the Company is available on its website, https://www.yorbeauresources.com.

For more information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com
Tel: 514 384 2202
Toll free in North America: 1 855 384 2202

Forward-looking statements: Except for the statement of historical fact, all statements in this news release, including without limitation, regarding future plans and objectives with respect to the Company’s Rouyn project and the intention to prepare a National Instrument 43-101 compliance resource estimate, are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking information unless required by applicable securities laws.

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MONTREAL, Nov. 10, 2022 – Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) completed a 4,586-metre drilling program on its Scott Lake property in early November. Since the last press release on October 5, 2022, the Company has drilled one hole (SC-93) and placed two wedges (SC 95 W1, SC-95 W2) from hole SC-95 to intersect the new zinc and copper zone located less than 300 metres west of the Scott Lake deposit and the Gwillim Lake regional Fault. The hole and the two wedges all intersected the zinc and copper mineralized zone over widths ranging from 3 to 8 metres. The mineralization has now been intersected in five holes over 100 metres laterally and remains open over the entire surface of the modelled 175 metres by 175 metres conductive plate. A figure illustrating the position of holes relative to the conductive plate will be available on the Company’s website in a few days.

Mineralized zone samples are now being prepared at the Company’s Rouyn-Noranda facility and will be sent to the analytical laboratory as soon as possible. Results are expected in the first quarter of 2023.

Yorbeau also plans to conduct a geophysical survey at the western most SC-93 drill hole to identify the potential presence of new lenses associated with tuff horizons present at a few locations along the drill hole.

Mr. Laurent Hallé, P.Geo., Consulting Geologist and qualified person for the purposes of N1 43-101 with respect to the technical information being reported on has read and approved this press release.

In 2015, Yorbeau expanded its portfolio of properties in Quebec by acquiring strategic base metals in regions with high potential in the Abitibi belt which offer favorable infrastructure to mining development. Acquired base metal properties include the Scott Project comprising several mineralized zones that have volcanogenic massive sulphides (“VMS” mineralization characteristics). The VMS-style mineralization at the Scott Project includes several distinct lenses of stratiform massive sulphides located along or near rhyolite-andesite/basalt contacts. In addition to sulphides, distinct areas of vein-like and disseminated sulphides of VMS (stingers) style, which can either connect to massive sulphides or not, have been intersected over a distance of at least 2 kilometers in an east-west direction. According to a Preliminary Economic Assessment (“PEA”) conducted in late 2017 by Roscoe Postle Associates (“RPA”), the project represents an opportunity to develop a mine located near the towns of Chibougamau and Chapais, a typical northern mining development environment, offering the housing benefits as well as the availability labor.

About Yorbeau Resources

The 100% owned Rouyn property contains four known gold deposits in the six-kilometre-long Augmitto-Astoria corridor located in the western part of the property. The Company signed a definitive agreement in December 2018 that gives IAMGOLD the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway on the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the subject of technical reports that include resource estimates and have been filed in accordance with NI 43-101.

Additional information about the Company is available on its website,

G. Bodnar Jr.
President, Chief Financial Officer
Ressources Yorbeau Inc.
Tel: 514-384-2202
gbodnar@yorbeauresources.com

Laurent Hallé P. Geo
Consulting geologist
Yorbeau Resources Inc.
Tel: 819-764-6796
lhalle@yorbeauresources.com

Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for the statement of historical fact, all statements in this news release, including without limitation, regarding drilling results, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation to update such forward-looking information unless required by applicable securities laws.

MONTREAL, Oct. 05, 2022 – Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) is pleased to announce the progress of the exploration program initiated in late August 2022 on its Scott property near Chibougamau, Quebec 100% owned by the Company.

As of October 5, 2022 three holes have been drilled on the property for a total of 2,615 meters. During this program, which is still ongoing, the company discovered a well mineralized 6.6 meters zone of sulphide rich in chalcopyrite (copper) and sphalerite (zinc) centered at a vertical depth of about 925 meters. The sulfide zone has so far been intersected by two drill holes, about 60 meters apart and a third is being executed. This zone of sulfide coincides with a modeled electromagnetic conductor 150 by 150 meters, 300 meters west of known Scott Lake deposit. The average thickness of this zone is not known at this moment. Indeed, the two holes that intersected the conductor only scratched the surface of the eastern edge (EST) of the electromagnetic conductor, according to our interpretation and the modeling made by Inter-Géophysique from Rosemère in Quebec. The current drilling is now targeting the center of the conductor in order to determine the potential size of the lens.

Mr. Laurent Hallé, P.Geo., Consulting geologist and qualified person for the purposes of National Instrument 43-101 with respect to the technical information being reported on has read and approved this press release.

About Yorbeau Resources

The 100% owned Rouyn property contains four known gold deposits in the six-kilometre-long Augmitto-Astoria corridor located in the western part of the property. The Company signed a definitive agreement in December 2018 that gives IAMGOLD the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway on the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the subject of technical reports that include resource estimates and have been filed in accordance with NI 43-101.

Additional information about the Company is available on its website, https://www.yorbeauresources.com.

About Yorbeau Resources

The 100% owned Rouyn property contains four known gold deposits in the six-kilometre-long Augmitto-Astoria corridor located in the western part of the property. The Company signed a definitive agreement in December 2018 that gives IAMGOLD the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway on the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the subject of technical reports that include resource estimates and have been filed in accordance with NI 43-101.

Additional information about the Company is available on its website, https://www.yorbeauresources.com.

For further information, please contact:

G. Bodnar Jr.
President, Chief Financial Officer
Ressources Yorbeau Inc.
Tel: 514-384-2202
gbodnar@yorbeauresources.com

Laurent Hallé P. Geo
Consulting geologist
Yorbeau Resources Inc.
Tel: 819-764-6796
lhalle@yorbeauresources.com

Toll free in North America: 1-855-384-2202

Forward-looking statements: Except for the statement of historical fact, all statements in this news release, including without limitation, regarding the drilling program, as well as all future plans and objectives, are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Yorbeau disclaims any obligation.