Yorbeau Resources Inc. Files Technica l Report on Preliminary Economic Assessment of Scott Lake Deposit.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
Yorbeau Resources Inc. Files Technica l Report on Preliminary Economic
Assessment of Scott Lake Deposit.
Project indicates pre-tax IRR of 16.6% with an NPV8% of $146 million.
Montréal, December 19, 2017 - Yorbeau Resources Inc. (TSX: YRB) (the “Company” or
“Yorbeau”) is pleased to announce that it has filed on SEDAR a Technical Report in compliance
with National Instrument 43-101 (NI 43-101) on a Preliminary Economic Assessment (“PEA”)
of the Company’s 100% owned Scott Lake Proj ect near Chibougamau, Quebec. The Technical
Report was prepared by Roscoe Postle Associates Inc. (“RPA”).
Under the base case PEA, the Scott Lake minera lized material is fed to a new 2,500 tonne-per-
day concentrator plant located at the mine s ite. Results indicate positive economics with a pre-
production capital expenditure of $215 million, a net pre-tax cash flow of $519 million, an
Internal Rate of Return (“IRR”) of 16.6%, a pre-tax Net Present Value (“NPV”) of $146 million
at an 8% discount rate, and a mine life of 15 years.
The PEA economic analysis is based in part on Inferred Mineral Resources, and is preliminary in
nature. Inferred Mineral Resources are considered too geologically speculative to have mining
and economic considerations applied to them and to be categorized as Mineral Reserves. There is
no certainty the economic forecasts based on this PEA will be realized.
Yorbeau's news release dated November 20, 2017 summarizes the assumptions and key results
contained in the Technical Report. There are no material differences between the key results
contained in Yorbeau's news release dated N ovember 20, 2017 pertaining to the Scott Lake
deposit, from those contained in the Technical Report filed today. Economic analysis in the
Technical Report includes both pre-tax and after-tax results.
Qualified Persons
Work at Yorbeau is carried out under the supervis ion 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 Technical Report and PEA referred to in this press were prepared by William E.
Roscoe, Ph.D., P.Eng. and Normand Lécuyer, P.Eng. Both are employees of RPA and are
independent of Yorbeau. By virtue of their education and relevant experience, they are
“Qualified Persons” for the purpose of National Instrument 43-101. William E. Roscoe and
Normand Lécuyer have read and approved the contents of this press release as it pertains to the
disclosed mining, milling and cost estimate aspects.
YORBEAU RESOURCES INC.
110 Place Crémazie, Suite 430, Montréal, QC, H2P 1B9
www.yorbeauresources.com
About Yorbeau Resources Inc.
The Company’s 100% controlled Rouyn Property contains four known gold deposits in the
6-km-long Augmitto-Astoria corridor situated on th e western half of the property. Two of the
four deposits, Astoria and Augm itto, have substantial underground in frastructure and have been
the subject of NI 43-101 technical reports that include resource estimates. In 2015, the Company
expanded its exploration property portfolio by acquiring strate gic base metal properties in
prospective areas of the Abitibi Belt of Quebec and Ontario that also feature infrastructure
favourable for mining development. The newly acquired base metal properties include Scott
Lake which hosts important mineral resources and on which a positive Preliminary Economic
Assessment was recently completed.
More information on the Company may be found on the Company’s website at
www.yorbeauresources.com.
For further information, please contact:
Gérald Riverin, Ph D., P. Geo
President
Yorbeau Resources Inc.
Tel : 819-279-1336
G. Bodnar Jr.
Vice President
Yorbeau Resources Inc.
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 new projects, acquisitions, 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. The results of the economic analysis
represent forward-looking information, as defined under Canadian securities laws, that is
subject to a number of known and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those presented in the PEA. RPA is of the opinion that the
accuracy of the results is in the range of industry wide commonly accepted scoping studies.