news-release-2019 Archives - Yorbeau Resources

Yorbeau Closes Private Placement

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MONTREALDec. 31, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce that it has completed a private placement (the "Private Placement") by issuing 14,060,000 Class A common shares at a price of $0.05 per share for gross proceeds of $703,000.00. The Company paid a finder's fee and a brokerage commission totaling 7% with respect to a portion of the Private Placement representing $300,000.00.

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.

Four insiders subscribed for a total of 1,260,000 Class A common shares having an aggregate subscription price of $63,000.00. 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 61-101"). 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 Private Placement as participation of the insiders had not been confirmed at that time.

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 is a diversified mining exploration company with an enviable portfolio of exploration properties in Quebec. The exploration projects comprise both gold and base metal projects, and the strategic focus of the Company is on projects located in areas easily accessible and with infrastructure. The wholly-owned Rouyn Property is the Company's main gold asset and contains four known gold deposits in the 6 km long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, where very encouraging drilling results were obtained in 2019. The base metal assets include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com

G. Bodnar Jr.
Vice-President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com

Tel: 819-279-1336Tel: 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.

Yorbeau Announces Senior Management Changes

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MONTREALDec. 20, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") today announces that Amit Gupta, Chief Executive Officer and Chairman of the Board of the Company, has tendered his resignation as Chief Executive Officer, effective the date hereof. Mr. Gupta will remain with Yorbeau as a director and Chairman of the Board.

The Company would like to thank Mr. Gupta for his leadership and contributions.

The Company has commenced a formal search for a new Chief Executive Officer and expects to announce a permanent successor in the near future. In the interim, Terry Kocisko, director, will assume the position of Interim Chief Executive Officer.

About Yorbeau Resources Inc.

Yorbeau Resources is a diversified mining exploration company with an enviable portfolio of exploration properties in Quebec. The exploration projects comprise both gold and base metal projects, and the strategic focus of the Company is on projects located in areas easily accessible and with infrastructure. The wholly-owned Rouyn Property is the Company's main gold asset and contains four known gold deposits in the 6 km long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, where very encouraging drilling results were obtained in 2019. The base metal assets include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com

G. Bodnar Jr.
Vice-President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com

Tel: 819-279-1336Tel: 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 management succession planning of the Company, 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.

Yorbeau announces receiving $0.5 million cash payment from IAMGOLD in order to maintain its option on the Rouyn property

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Montreal, December 11, 2019 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that in order to maintain its option to purchase a 100% interest in the Rouyn property, IAMGOLD Corporation ("IAMGOLD") has made a cash payment to Yorbeau in the amount of $500,000 corresponding to the first of a series of interim cash payments to be made to Yorbeau during an Expenditure Period of 48 months.

The terms of the definitive option agreement were announced in the Company's press release dated December 17, 2018. Among other commitments, IAMGOLD must make interim cash payments in an aggregate amount of C$3 million during the Expenditure Period, and incur minimum exploration expenditures of C$2 million in each 12month period of the Expenditure Period. IAMGOLD has largely met its obligation to incur a minimum of C$2 million of exploration expenditures on the property in the first year. Moreover, the exploration work done within the first year included drilling of 19,966 metres in 66 holes on the Lac Gamble and Astoria zones, while the agreement allowed in fact two years to drill 20,000 metres. The assay results for the latest Astoria drilling are still pending and will be reported once they are received, validated and compiled.

Gérald Riverin, Company president commented: "The receipt of this cash payment marks an important step as it maintains the option agreement for a second year exploration program at the Rouyn property and reflects the confidence of our partner IAMGOLD in the potential of the project. We are looking forward to initiating the next drilling program in the coming weeks."

About the Rouyn Gold Project

The Rouyn Gold Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining and exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.

The property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold deposits along the 6-km Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been the subject of technical reports that include resource estimates that were previously filed in accordance with Regulation NI 43-101.

The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade between 7.0 and 8.5 g/t Au. The potential quantity and grade of the exploration targets referred to are conceptual in nature and insufficient exploration work has been completed to define a mineral resource. The property may require significant future exploration to advance to a resource stage and there can be no certainty that the exploration target will result in a mineral resource being delineated.  The exploration targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6kmlong Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. In 2015, the Company expanded its exploration property portfolio by acquiring strategic base metal properties in prospective areas of the Abitibi Belt of Quebec that feature infrastructure favourable for mining development. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com

G. Bodnar Jr.
Vice-President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com

Tel: 819-279-1336Tel: 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, regarding the prospects of the KB project, drilling results, future plans and objectives are forwardlooking 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.

Yorbeau annonces beginning of Drilling Program at KB Project in Chibougamau camp

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Montreal, October 29, 2019 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has commenced at its KB project in the Chibougamau area of Quebec.

The KB project is highly prospective for zinc and copper due to the presence of an historic high grade prospect associated with a massive sulphide stratigraphic horizon hosted within mafic and felsic volcanics. The property appears to have a geological setting similar to that found at the past producing high grade Lemoine mine and at Yorbeau’s Scott project, including high grade VMS-style mineralization, presence of felsic tuffs, and potential for high synvolcanic heat flow resulting from the proximity of the Lac Doré (synvolcanic) Complex (Figure 1).

Figure 1. Location map of Yorbeau’s projects in the Chibougamau camp, Quebec, including KB property.

According to Government files, historical drilling done by Icon Sullivan in 1965 yielded up to 1.9% copper and 11.0% zinc over a core length of 1.0 metre of massive sulphides.  Since acquisition of the project in late 2017, the Company completed an airborne VTEM electromagnetic survey which identified numerous conductors, including a 2 km long strong conductor which coincides locally with the main showing. Detailed mapping was done around the conductors in order to select drill targets. Yorbeau’s technical team considers that the quality of the conductors, combined with their geological setting, makes them high priority exploration targets.

One drill rig is currently in operation on the project and nine short drill holes totalling about 1,600 metres are planned along a conductive zone that covers over 1.5 km of strike length.

Gérald Riverin, Company president commented: “We are very excited to be drilling again in the Chibougamau camp. With the Scott project hosting important zinc and copper resources, base metal prospects in the Chibougamau mining camp with features similar to the Scott mineralization become strategic for the Company. In spite of local high grade zinc mineralization at surface, the KB project had never been drilled below 150 metres vertical, and has yet to be explored using modern volcanogenic massive sulphides concepts. Our technical team has developed considerable expertise in this type of mineralization in the Chibougamau Camp, and the Company is looking forward to completing a first drilling program on this project.

Work at Yorbeau is carried out under the supervision of Gérald Riverin, Ph.D., P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

Yorbeau Resources is a diversified mining exploration company with an enviable portfolio of exploration properties in Quebec. The exploration projects comprise both gold and base metal projects, and the strategic focus of the Company is on projects located in areas easily accessible and with infrastructure. The wholly-owned Rouyn Property is the Company’s main gold asset and contains four known gold deposits in the 6 km long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, where very encouraging drilling results were obtained in 2019. The base metal assets include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com

G. Bodnar Jr.
Vice-President, Chief Financial Officer
Yorbeau Resources Inc.
gbodnar@yorbeauresources.com

Tel: 819-279-1336Tel: 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, regarding the prospects of the KB project, drilling results, future plans and objectives are forwardlooking 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.

IAMGOLD continues to deliver strong results from Lac Gamble zone at the Yorbeau Rouyn project, including 6.1 g/t Au over 23.4 metres

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MONTREALJuly 31, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to report that its partner IAMGOLD Corporation ("IAMGOLD") released today the remaining results from its 2019 winter diamond drilling program completed at the Company's Rouyn project, located 4 km south of Rouyn-Noranda, Quebec. IAMGOLD reported assay results from an additional 17 diamond drill holes, totaling 4,946 metres. Three (3) drill holes were abandoned due to excessive deviation and re-collared. Results for 31 diamond drill holes totaling 8,438 metres were previously reported (see news releases dated May 23 and June 12, 2019).

Table 1: Rouyn Gold Project – Lac Gamble zone 2019 Winter drilling results
Table 1: Rouyn Gold Project – Lac Gamble zone 2019 Winter drilling results Notes: 1. True widths of intersections are estimated at 62-85% of the core interval approximately. 2. Drill hole intercepts are calculated with a lower cut of 1.00 g/t Au and may contain lower grade interval of up to 3 metres in length. 3. Assays are reported uncut but high grade sub-intervals are highlighted. 4. Drill holes with the suffix W are wedge cuts from previously drilled master holes. (CNW Group/Yorbeau Resources Inc.)

Notes:

  1. True widths of intersections are estimated at 62-85% of the core interval approximately.
  2. Drill hole intercepts are calculated with a lower cut of 1.00 g/t Au and may contain lower grade interval of up to 3 metres in length.
  3. Assays are reported uncut but high grade sub-intervals are highlighted.
  4. Drill holes with the suffix W are wedge cuts from previously drilled master holes.

The assay results reported herein are provided in Table 1 below and include the following highlights (a longitudinal section illustrating the drilling program on the Lac Gamble zone is attached to this news release):

Main Zone:

  • Drill hole GA-19-711: 9.7 metres grading 6.6 g/t Au
    includes: 5.9 metres grading 10.0 g/t Au
  • Drill hole GA-19-719: 16.9 metres grading 3.4 g/t Au
    includes: 5.8 metres grading 5.7 g/t Au
    includes: 1.8 metres grading 10.3 g/t Au
  • Drill hole GA-19-721: 23.4 metres grading 6.1 g/t Au
    includes: 8.1 metres grading 13.3 g/t Au
    includes: 1.0 metres grading 65.5 g/t Au
  • Drill hole GA-19-722: 10.1 metres grading 6.6 g/t Au
    includes: 3.0 metres grading 10.9 g/t Au
    and includes: 4.0 metres grading 7.9 g/t Au

The objective of the 2019 winter diamond drilling program was to infill a portion of the Lac Gamble zone previously drilled by Yorbeau and various joint venture partners. The program was designed to achieve an approximate 50 x 50 metres drill hole spacing pattern to ultimately support the completion of a mineral resource estimate. The completed drill holes successfully intersected the targeted sheared Cadillac-Piché corridor which hosts the mineralized zone. The zone is characterized by alteration observed to vary from several metres to greater than ten metres in width, exhibiting variable carbonatization, fuchsite, silicification, crosscut by a network of white quartz and brown tourmaline stockwork veins and breccias. Gold mineralization occurs as small specks of visible free gold associated with minor sulphides in quartz-tourmaline veinlets.

Gérald Riverin, Company president commented: "This latest series of assays released by our partner IAMGOLD are most encouraging. Broadly speaking, the delineation drilling program completed recently has confirmed our interpretations of the Lac Gamble zone and met with our expectations. In particular, the core lengths and grades of some of the intersections, combined with the apparent opening of the mineralization to the west, augur well for the future. We are looking forward to future work at Lac Gamble and on the rest of the Rouyn property."

In a separate press release on the current results, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: "We are very pleased with the positive results obtained from our first delineation drilling program completed earlier this year at Lac Gamble. The program successfully targeted mineralization in the upper part of the zone with a number of drill holes intersecting good grades over wide intervals. The zone also appears to remain open along strike to the west and at depth and therefore has potential for further expansion with additional drilling. We look forward to incorporating the results from this drilling program to develop a robust deposit model to allow for the completion of a future resource estimate. I would like to acknowledge that the success of this initial program benefited significantly from the close collaboration between the IAMGOLD and Yorbeau exploration teams."

Next Steps

The results of this initial diamond drilling program will be compiled and integrated with the existing geological, geochemical and structural information to support the development and refinement of a preliminary deposit model. This work will be used to support the completion of a mineral resource estimation of the Lac Gamble zone currently in planning.

Drilling has also resumed to test selected exploration targets in the area of the historic Astoria deposit, located several kilometres to the east of Lac Gamble. The program will involve the completion of approximately 5,000 metres of diamond drilling and assay results will be reported once they are received, validated and compiled.

About the Rouyn Gold Project

The Rouyn Gold Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining and exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.

The property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold deposits along the 6-km Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been the subject of technical reports that include resource estimates that were previously filed in accordance with Regulation NI 43-101.

The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade between 7.0 and 8.5 g/t Au. The potential quantity and grade of the exploration targets referred to are conceptual in nature and insufficient exploration work has been completed to define a mineral resource. The property may require significant future exploration to advance to a resource stage and there can be no certainty that the exploration target will result in a mineral resource being delineated. The exploration targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.

IAMGOLD signed a definitive option agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Project by making scheduled cash payments totaling C$4 million and completing exploration expenditures totaling C$9 million over a four year period. Exploration programs must include the completion of a minimum of 20,000 metres of diamond drilling within the first two-years of the option. By the end of the expenditure period, the Company must complete a NI 43-101 compliant resource estimate, after which the Company, at its election, can purchase a 100% interest in the Project, subject to a 2% net smelter return production royalty, by paying Yorbeau the lesser of C$15 per resource ounce or C$30 million.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Work at Yorbeau is carried out under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

The design of the drilling program and interpretation of results is under the control of IAMGOLD's and Yorbeau's geological staff, including qualified persons employing strict protocols consistent with NI 43‑101 and industry best practices. The sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.

Half-core samples are packaged and transported in sealed bags to AGAT laboratories in Val d'Or, Quebec, and Mississauga, Ontario. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val-d'Or and processed the pulps at their Mississaugalaboratory which is ISO / IEC 17025:2005 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams per tonne, another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in all drill holes for quality control.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, regarding the prospects of the Rouyn project, 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 statements, other than as required by applicable securities laws.

Figure 1: Rouyn Project – Lac Gamble zone longitudinal section and highlighted 2019 assay results.

Figure 1: Rouyn Project – Lac Gamble zone longitudinal section and highlighted 2019 assay results. (CNW Group/Yorbeau Resources Inc.)

Yorbeau announces resumption of drilling program with IAMGOLD at the Rouyn project

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MONTREAL, July 16, 2019 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has resumed at its Rouyn property with partner IAMGOLD Corporation ("IAMGOLD"). The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in Yorbeau's Rouyn property in Quebec, Canada.

As operator, IAMGOLD has already completed a phase 1 program in the Lac Gamble zone consisting of 13,400 metres of drilling in 48 diamond drill holes. Results were previously reported for 31 diamond drill holes (see news releases dated May 23 and June 12, 2019). Results are pending from the remaining 17 drill holes and will be reported once they are received, validated and compiled.

The Rouyn Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world. The Rouyn Property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break. Drilling has resumed in the Astoria sector with one drill rig and is expected to total around 5,000 metres with the goal of converting well established exploration potential into mineral resources. The Astoria deposit already benefits from significant underground infrastructure including a 515 metre deep shaft and over 5 kilometres of lateral workings.

Gérald Riverin, Company president commented: "We are very pleased with the work progress made by IAMGOLD at the Rouyn property and most happy to see a drill turning again. The drilling program was established by IAMGOLD in close cooperation with the Yorbeau staff, and we are looking forward to continue develop the project with the IAMGOLD team".

Work at Yorbeau is carried out under the supervision of Gérald Riverin, Ph.D., P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, without limitation, regarding the prospects of the Rouyn project, drilling results and 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 statements, other than as required by applicable securities laws.

IAMGOLD reports 9.0 g/t au over 29.7 metres from Lac Gamble zone at the Yorbeau Rouyn project, Quebec

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Montreal, Quebec, June 12, 2019 – Yorbeau Resources Inc. (TSX: YRB) (the “Company” or “Yorbeau”) is pleased to report that its partner IAMGOLD Corporation (“IAMGOLD”) released today further results from its 2019 winter diamond drilling program completed at the Company’s Rouyn project, located 4 km south of Rouyn-Noranda, Quebec. IAMGOLD reported assay results from an additional 21 diamond drill holes, totaling 6,181 metres.  Results were previously reported for 10 diamond drill holes totaling 2,257 metres (see news release dated May 23, 2019). Results are pending from the remaining 17 drill holes, totaling 4,962 metres, and will be reported once they are received, validated and compiled.

The assay results reported herein are provided in Table 1 below and include the following highlights (A longitudinal section illustrating the drilling program on the Lac Gamble zone is attached to this news release):

Main Zone:

  • Drill hole GA-19-693:  10.9 metres grading 6.6 g/t Au
  • includes:   4.2 metres grading 12.1 g/t Au
  • Drill hole GA-19-694: 9.7 metres grading 9.0 g/t Au
  • includes:     11.1 metres grading 17.5 g/t Au
  • includes:     3.0 metre grading 53.0 g/t Au
  • Drill hole GA-19-699:  12.8 metres grading 3.7 g/t Au
  • includes:   5.0 metres grading 7.9 g/t Au
  • includes:   1.6 metres grading 16.8 g/t Au
  • Drill hole GA-19-715:  3.3 metres grading 9.0 g/t Au
  • includes:   0.8 metres grading 35.9 g/t Au

The objective of the 2019 winter diamond drilling program was to infill a portion of the Lac Gamble zone previously drilled by Yorbeau and various joint venture partners. The program was designed to achieve an approximate 50 x 50 metres drill hole spacing pattern to ultimately support the completion of a mineral resource estimate. The completed drill holes successfully intersected the targeted sheared Cadillac-Piché corridor which hosts the mineralized zone.  The zone is characterized by alteration observed to vary from several metres to greater than ten metres in width, exhibiting variable carbonatization, fuchsite, silicification, crosscut by a network of white quartz and brown tourmaline stockwork veins and breccias.

Gold mineralization occurs as small specks of visible free gold associated with minor sulphides in quartz-tourmaline veinlets.

Gérald Riverin, Company president commented: "We are very pleased with the current series of assays released by our partner IAMGOLD. In particular, drill hole GA-19-694 represents the best hole ever drilled on our Rouyn project in terms of combined grade and core length, and speaks well for the strength of the mineralizing system and the excellent potential of the Rouyn project."

In a separate press release on the current results, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The 2019 delineation drilling program continues to deliver positive results from the Lac Gamble zone. As mentioned before, our involvement in the newly optioned Rouyn Gold Project was based on the potential to rapidly delineate mineral resources along the targeted Cadillac Break, which could be evaluated as potential satellite deposits for our Westwood operation. Once the remaining assay results are in hand, the exploration team will work to develop a preliminary deposit model to support a future initial resource estimate.

About the Rouyn Gold Project

The Rouyn Gold Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining and exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.

The property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold deposits along the 6-km Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been the subject of technical reports that include resource estimates that were previously filed in accordance with Regulation NI 43-101.

The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade between 7.0 and 8.5 g/t Au.  The potential quantity and grade of the exploration targets referred to are conceptual in nature and insufficient exploration work has been completed to define a mineral resource. The property may require significant future exploration to advance to a resource stage and there can be no certainty that the exploration target will result in a mineral resource being delineated.  The exploration targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.

IAMGOLD signed a definitive option agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Project by making scheduled cash payments totaling C$4 million and completing exploration expenditures totaling C$9 million over a four year period. Exploration programs must include the completion of a minimum of 20,000 metres of diamond drilling within the first two-years of the option. By the end of the expenditure period, the Company must complete a NI 43-101 compliant resource estimate, after which the Company, at its election, can purchase a 100% interest in the Project, subject to a 2% net smelter return production royalty, by paying Yorbeau the lesser of C$15 per resource ounce or C$30 million.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Work at Yorbeau is carried out under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

The design of the drilling program and interpretation of results is under the control of IAMGOLD’s and Yorbeau’s geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and assay data from the drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.

Half-core samples are packaged and transported in sealed bags to AGAT laboratories in Val d’Or, Quebec, and Mississauga, Ontario. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val-d’Or and processed the pulps at their Mississauga laboratory which is ISO / IEC 17025:2005 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams per tonne, another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in all drill holes for quality control.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6-km-long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, regarding the prospects of the Rouyn project, 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 statements, other than as required by applicable securities laws.

Table 1: Rouyn Gold Project – Lac Gamble zone 2019 Winter drilling results


Notes:

  1. True widths are estimated at 70 % of the core interval.
  2. Drill hole intercepts are calculated with a lower cut of 1.00 g/t Au and may contain lower grade interval of up to 3 metres in length.
  3. Assays are reported uncut but high grade sub-intervals are highlighted.
  4. Drill holes with the suffix W are wedge cuts from previously drilled master holes.
Figure 1: Rouyn Gold – Lac Gamble zone longitudinal section and highlighted 2019 assay results.

IAMGOLD reports initial results from its 2019 drilling program completed on Lac Gamble zone at the Yorbeau Rouyn project, Quebec

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MONTREAL, May 23, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to report that its partner IAMGOLD Corporation ("IAMGOLD") released today initial results from its 2019 winter diamond drilling program completed at the Company's Rouyn project, located 4 km south of Rouyn-Noranda, Quebec. IAMGOLD reported assay results from 10 diamond drill holes, totaling 2,257 metres. Results are pending from the remaining 38 drill holes, totaling 11,143 metres, and will be reported once they are received, validated and compiled.

The assay results reported herein are provided in Table 1 below and include the following highlights:
(A longitudinal section illustrating the drilling program on the Lac Gamble zone is attached to this news release.)

Main Zone:

  • Drill hole GA-19-682: 12.0 metres grading 3.56 g/t Au
    includes: 6.0 metres grading 5.33 g/t Au
  • Drill hole GA-19-690: 7.75 metres grading 11.02 g/t Au
    includes: 5.0 metres grading 15.44 g/t Au
  • Drill hole GA-19-692: 10.6 metres grading 8.21 g/t Au
    includes: 3.0 metres grading 12.37 g/t Au
    includes: 1.0 metre grading 26.9 g/t Au

The objective of the 2019 winter diamond drilling program was to infill a portion of the Lac Gamble zone previously drilled by Yorbeau and various joint venture partners. The program was designed to achieve an approximate 50 x 50 metres drill hole spacing pattern to ultimately support the completion of a mineral resource estimate. The completed drill holes successfully intersected the targeted sheared Cadillac-Piché corridor which hosts the mineralized zone. The zone is characterized by alteration observed to vary from several metres to greater than ten metres in width, exhibiting variable carbonatization, fuchsite, silicification, crosscut by a network of white quartz and brown tourmaline stockwork veins and breccias. Gold mineralization occurs as small specks of visible free gold associated with minor sulphides in quartz-tourmaline veinlets.

Gérald Riverin, Company president commented: "We are pleased with the initial results that are generally in line with previous results at Lac Gamble. In particular, the thicknesses indicated by some of the holes are quite encouraging in the context of a program focused on delineating mineral resources. We are looking forward to receiving pending assays and to additional encouraging results at the Rouyn project".

In a separate press release on the recent results, Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: "Our involvement in the newly optioned Rouyn Gold Project was based on the potential to rapidly delineate mineral resources along the targeted Cadillac Break which hosts previously identified gold zones. The initial assay results are encouraging and the drilling program has successfully intersected the Lac Gamble zone in systematic infill drilling. Also our collaboration with the Yorbeau exploration team has been outstanding and we are looking forward to continuing to jointly advance the ongoing exploration program."

Next Steps

The results of this initial diamond drilling program will be compiled along with the existing and newly acquired geological, geochemical and structural information to support the development and refinement of a deposit model to ultimately support a mineral resource estimation of the Lac Gamble zone.

Additional drilling is being planned to test selected targets in the area of the Astoria deposit, located several kilometres to the east. The program is expected to commence later in the summer.

About the Rouyn Gold Project

The Rouyn Gold Property is located about 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.

The property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break and contains four known gold deposits along the 6-km Augmitto-Astoria corridor situated on the western portion of the property. Two of the four deposits, Astoria and Augmitto, benefit from established underground infrastructure and have been the subject of technical reports that include resource estimates that were previously filed in accordance with Regulation 43-101.

The Lac Gamble zone is located between the Augmito and the Astoria deposits. The exploration target potential at Lac Gamble is interpreted to be between 400,000 and 600,000 ounces of gold at a grade between 7.0 and 8.5 g/t Au. The potential quantity and grade of the exploration targets referred to are conceptual in nature and insufficient exploration work has been completed to define a mineral resource. The property may require significant future exploration to advance to a resource stage and there can be no certainty that the exploration target will result in a mineral resource being delineated. The exploration targets are consistent with similar deposits in the area, deposit models or derived from initial drilling results.

IAMGOLD signed a definitive option agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Project by making scheduled cash payments totaling C$4 million and completing exploration expenditures totaling C$9 million over a four year period. Exploration programs must include the completion of a minimum of 20,000 metres of diamond drilling within the first two-years of the option. By the end of the expenditure period, the Company must complete a NI 43-101 compliant resource estimate, after which the Company, at its election, can purchase a 100% interest in the Project, subject to a 2% net smelter return production royalty, by paying Yorbeau the lesser of C$15 per resource ounce or C$30 million.

Technical Information and Quality Control Notes

The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Work at Yorbeau is carried out under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

The design of the drilling program and interpretation of results is under the control of IAMGOLD's and Yorbeau's geological staff, including qualified persons employing strict protocols consistent with NI 43-101 and industry best practices. The sampling of, and assay data from the drill core is monitored through the implementation of a quality assurance - quality control (QA-QC) program. Drill core (NQ size) is logged and samples are selected by geologists and then sawn in half with a diamond saw at the project site. Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre to one and a half metres in length depending on the geological observations.

Half-core samples are packaged and transported in sealed bags to AGAT laboratories in Val d'Or, Quebec, and Mississauga, Ontario. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95% passing -150 mesh. AGAT prepare analytical pulps at their facilities located in Val-d'Or and processed the pulps at their Mississaugalaboratory which is ISO / IEC 17025:2005 certified by the Standards Council of Canada. Samples are analyzed using a standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return assay values over 3.0 grams per tonne, another pulp is taken and fire assayed with a gravimetric finish. Core samples showing visible gold or samples which have returned values greater than 10.0 grams per tonne are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material. Insertion of duplicate, blanks and certified reference standards in the sample sequence is done in all drill holes for quality control.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, regarding the prospects of the Rouyn project, 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 statements, other than as required by applicable securities laws.

Yorbeau Resources Inc. announces completion of Phase 1 in-fill drilling at its Rouyn Project

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  • 13,400 metres of drilling completed at Lac Gamble
  • 48 holes in phase 1 drilling program

MONTREALApril 16, 2019 - Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to report on the status of the exploration drilling program undertaken by IAMGOLD Corporation ("IAMGOLD") on the Company's 100% owned Rouyn property ("Property") in Quebec, Canada.

The Company signed a definitive option agreement with IAMGOLD in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Property. Per the agreement, IAMGOLD paid Yorbeau an initial cash payment of C$1 million. In order to earn the purchase option, IAMGOLD must (i) make additional cumulative cash payments totalling C$3 million, (ii) fund and incur C$9 million of exploration expenditures over a 4-year period, including no less than 20,000 metres of diamond drilling within the first two-years and (iii) complete a resource estimate for the Property. If IAMGOLD then decides to exercise its option to buy a 100% interest in the Property, it must pay Yorbeau an aggregate amount equal to C$15 per ounce of gold as estimated in a NI 43-101 compliant Mineral Resource estimate, capped at C$30 million. In addition to the final cash payment, Yorbeau will retain a 2% net smelter return royalty on minerals produced from the Property. More information on the option agreement may be found in the Company's press release dated December 17, 2018 and on the Company's profile at www.sedar.com.

As operator of the Property, IAMGOLD has already completed a phase 1 program consisting of 13,400 meters of drilling in 48 diamond drill holes. The drilling program was completed with two drill rigs and the meterage completed thus far, which was completed well within the first three months of the program, corresponds to two thirds of the minimum commitment of 20,000 metres of diamond drilling to be completed by IAMGOLD pursuant to the option agreement. The goal of the on-going drilling program is to convert a portion of the exploration potential already drilled off on the Lac Gamble zone by Yorbeau and its previous partner into mineral resources. The drilling completed consists mostly of "in-fill" drilling with the objective of obtaining a drill hole spacing pattern of 50 to 60 meters to support an estimate of mineral resources.

The exploration target potential at Lac Gamble is estimated to be between 400,000 and 600,000 ounces of gold at a grade between 7.7 and 8.5 g/t Au. This estimate of potential, while made according to industry best practices, does not constitute Mineral Resources (as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")) that can be reported in accordance with NI 43-101 because the estimate was not made by an independent person and is not supported by a full independent Technical Report (as defined in NI 43-101). The potential quantity and grade are conceptual in nature as there has been insufficient exploration drilling to define a Mineral Resource and it is uncertain if further exploration will result in the target being delineated as a Mineral Resource. Details on the exploration potential estimate are available on the Company's website at www.yorbeauresources.com.

The gold mineralization is hosted within the broad mineralized gold corridor along the Cadillac-Larder Lake Fault Zone represented by the Piché Group of ultramafic rocks. Two main areas on the Property, Astoria and Lac Gamble, are targeted initially and all drilling completed to date is in the Lac Gamble zone, at depths ranging from near surface to a depth of about 400 to 600 meters locally. While assays are still pending for these holes, visible gold has been observed from most of the holes. Assay results will be reported as soon as they are received, validated and compiled.

Gérald Riverin, Company president commented: "We are very pleased with the exceptional work progress at the Rouyn property and with the exploration program established by IAMGOLD in cooperation with the Yorbeau staff. The work progress reflects the very favorable location of the project and the expertise of the Yorbeau staff hired by IAMGOLD. Although assays are still pending, visual examination of drill core is generally confirming the continuity of the mineralized structure between pre-existing holes, while locally showing possible lateral extension of the mineralized system. We are looking forward to receiving pending assays and to additional encouraging results at the Rouyn project".

Work at Yorbeau is carried out under the supervision of Gérald Riverin, PhD, P. Geo. He is a qualified person (as defined in NI 43-101) and has reviewed and approved the content of this release.

The design of the drilling program, Quality Assurance/Quality Control and interpretation of results is under the control of IAMGOLD's and Yorbeau's geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. Drill core is logged and sawn in half with a diamond saw, and half-core samples are packaged and delivered to AGAT laboratories in Val d'Or, Quebec, and Mississauga, Ontario. Thorough QA/QC protocols are followed on the project including insertion of duplicate, blank and standard samples in all drill holes. All samples are analyzed by Fire Assay with an Atomic Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 3 g/t Au are re-assayed by Fire Assay with a Gravimetric Finish. Samples with visible gold, or with more than 10 g/t Au in the initial AA assay, are processed with a protocol involving fine grinding of the entire sample, followed by metallic screen analysis of the entire pulverized material.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, without limitation, regarding the formation, mandate, composition and benefits of the Advisory Board and 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 statements, other than as required by applicable securities laws.

Yorbeau resumes drilling at Scott project to test geophysical target west of the Gwillim Fault

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MONTREALApril 9, 2019 - Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the "Company") is pleased to announce that diamond drilling has resumed at its Scott project in the Chibougamau area of Quebec.

The Scott project contains a number of zinc-copper-gold-silver massive sulphide and stringer sulphide zones located in northwestern Scott Township. Based on a Preliminary Economic Assessment (PEA) completed in late 2017 by Roscoe Postle Associates (RPA), the project represents an opportunity to develop an operating mine located within close proximity to the towns of Chibougamau and Chapais, a typical northern mining environment, offering the advantages of living facilities and availability of manpower, equipment and materials required to develop and operate the project.

On January 29, 2019, the Company announced the beginning of a Phase 1 drilling program with the purpose of locating the contact of the Chibougamau Pluton and of the Scott mineralized horizon west of the Gwillim Fault. This phase of drilling was successfully completed and the contact with the Chibougamau Pluton was indeed identified west of the fault. With this new information, the Company is now in a position to test the Scott horizon at depth, where the Scott mineralized system is thought to be plunging (see press release of January 29, 2019).

Most significantly, borehole geophysics was also completed in holes drilled initially in 2013 and that were deepened as part of Phase 1, and a very good conductor (borehole geophysical anomaly) was identified west of the Gwillim Fault in proximity to hole SC-81. Yorbeau's technical team considers that the quality of this conductor is typical of massive sulphide lenses and that such conductors become very high priority exploration targets in a geological environment such as Scott.

The drill rig was left at the site after Phase 1 while waiting for interpretation of data, and therefore no additional mobilization costs were incurred to start the current program.

Gérald Riverin, Company president commented: "We are very excited to be drilling again at the Scott project. Without exception, all sulphide lenses identified so far at Scott were discovered while following up geophysical anomalies similar to the one that is targeted in the current program. Our technical staff have done a terrific job in interpreting the data and establishing the geological context that makes this conductor such an exciting target."

Work at Yorbeau is carried out under the supervision of Gérald Riverin, Ph.D., P. Geo. He is a qualified person (as defined by NI 43-101) and has reviewed and approved the content of this release.

About Yorbeau Resources Inc.

The Rouyn Property, wholly-owned by the Company, contains four known gold deposits in the 6‑km‑long Augmitto-Astoria corridor situated on the western portion of the property. The Company signed a definitive agreement in December 2018, whereby IAMGOLD has the option to acquire a 100% interest in the Rouyn property, and a major drilling program is underway. Two of the four deposits, Astoria and Augmitto, benefit from substantial underground infrastructure and have been the subject of technical reports that include resource estimates and that were filed in accordance with Regulation 43-101. 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. The newly acquired base metal properties include 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 recently completed.

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

For further information, please contact:

Gérald Riverin, PhD, P. Geo
President, Yorbeau Resources Inc.
Yorbeau Resources Inc.
griverin@yorbeauresources.com
Tel: 819-279-1336

G. Bodnar Jr.
Vice-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, without limitation, regarding the formation, mandate, composition and benefits of the Advisory Board and 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 statements, other than as required by applicable securities laws.