KHT Yankee Hat Minerals Ltd

Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (TSX VENTURE:KHT) is
pleased to announce that drilling on the Fran Property is proceeding as planned.
The first two holes will be completed this week, for an anticipated total of up
to 700m. Drilling on the remaining 6 holes will continue the second week of
January 2011.


The Fran Property is advantageously positioned in Central BC, just 30km away
from the Mt. Milligan Cu-Au deposit. All weather road access to the Fran
Property means cost effective drilling and significant infrastructure in the
area increases the availability of trades and equipment. 


The drill program is designed to test the extension of the known high-grade gold
zones of the project. Of the 71 holes drilled on the project, previous
high-grade intersections include holes FR-07-074 12.9m of 7.39 g/t Au, and
FR-06-055 9.55m of 8.21 g/t Au. 


The drill program has been designed by Yankee Hat's recently appointed Chief
Geologist, Dr. Jean-Philippe Desrochers. Dr. Desrochers has over 17 years of
experience in mineral exploration, including 10 years with Aur Resources. He
holds a Ph.D. in geology from the University of Montreal. Dr. Desrochers
specializes in the field of structural geology applied to ore deposits in the
search for Archean lode gold, volcanogenic massive sulfides, porphyry copper,
skarn, and epithermal gold deposits. The actual drilling is being coordinated
and managed by Equity Exploration Consultants Ltd. ("Equity") based out of
Vancouver. Equity has over 22 years of project management experience, and is
very familiar with working in gold exploration in central British Columbia. 


Mr. Terence Schorn, P.Geo. is a Qualified Person registered in British Columbia
as defined by NI-43-101 and has reviewed the technical information this press
release contains. 


About Yankee Hat Minerals Ltd.

Yankee Hat Minerals Ltd. is a publicly held resource company that utilizes its
management's expertise in mineral exploration and evaluation, and financial
acumen, to identify, acquire and develop mineral prospects in mining friendly
jurisdictions with the potential to host large-scale discoveries. The company
strategically focuses on commodities that have strong underlying price
fundamentals such as gold and precious metals, rare earth elements and tungsten.
The Company's website at www.yankeehatminerals.com and public filings at
www.sedar.com provide additional information on its projects and other
information with respect to its management and operations. 


ON BEHALF OF THE BOARD

P. Bradley Kitchen, Chief Executive Officer

FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date such statements were made. The
Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise.

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