Yorbeau Announces Beginning of Drilling Program with Iamgold at the Rouyn Project.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
YORBEAU ANNOUNCES BEGINNING OF DRILLING PROGRAM WITH IAMGOLD AT THE
ROUYN PROJECT.
Montreal, January 21, 2019 – Yorbeau Resources Inc. (TSX: YRB) ("Yorbeau" or the " Company") is
pleased to announce that diamond drilling has commenced 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.
In accordance with the agreement, an initial cash payment in the amount of $1,000,000 was made by
IAMGOLD to Yorbeau . In order to ear n the purchase option, IAMGOLD must make cumulative cash
payments of C$4 million and fund C$9 million dollars of exploration expenditures over a 4- year period,
including no less than 20,000 metres of diamond drilling within the first two years.
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 . Two drill rigs are in operation on the property and t he planned drilling involves a
minimum of 15,000 metres with the goal of converting well established exploration potential into mineral
resources, initially at the lac Gamble zone and subsequently at the Astoria deposit. The Astoria deposit
already benefits from significant underground infrastructur e including a 515 m etre deep shaft and over 5
kilometres of lateral workings.
Gérald Riverin, Company president commented: “We are pleased to work with IAMGOLD at the Rouyn
property and most happy to see the drills turning within only one mont h of signing the definitive
agreement. 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 feat ure
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.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
For further information, please contact:
Gérald Riverin, PhD, P. Geo G. Bodnar Jr.
President, Yorbeau Resources Inc. Vice-President, Chief Financial Officer
Yorbeau Resources Inc. Yorbeau Resources Inc.
[email protected] [email protected]
Tel: 819-279-1336 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 cash payments to be made by IAMGOLD and future plans and objectives
are forward-looking statements which involve risks a nd 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.