KHT Yankee Hat Minerals Ltd

Yankee Hat Minerals Ltd. (TSX VENTURE:KHT) ("Yankee Hat" or the "Company")
announces that it has set its annual general meeting at Suite 1500 - 1055 West
Georgia Street, Vancouver, British Columbia, on Tuesday, December 20, 2011, at
9:00 a.m. (Vancouver time). The shareholders of the Company will be asked to
approve, among other things, the ability for the directors to consolidate its
common shares (the "Common Shares") on the basis of up to twenty-five (25)
existing Common Shares for one (1) new Common Share, herein referred to as the
Consolidation.


Currently there are 131,006,203 Common Shares issued and outstanding. It is
anticipated that if the directors implement the Consolidation then the issued
and outstanding Common Shares would be in the range of 5,240,248 on a
post-consolidation basis.


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


Further details with regard to the background of the Consolidation are contained
in the Company's management proxy circular dated November 15, 2011, a copy of
which is available electronically at www.sedar.com.


ON BEHALF OF THE BOARD

P. Bradley Kitchen, C.E.O.

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