TSX Venture Exchange Daily Bulletins

VANCOUVER, Feb. 1 /CNW/ -

    
    TSX VENTURE COMPANIES

    BULLETIN TYPE: Cease Trade Order
    BULLETIN DATE: January 29, 2010
    TSX Venture Tier 1 Company

    A Cease Trade Order has been issued by the Alberta Securities Commission
on January 29, 2010, against the following Company for failing to file the
documents indicated within the required time period:

                                                                     Period
                                                                     Ending
    Symbol    Company                    Failure to File             (Y/M/D)

    ("MEO")   Montello Resources Ltd.    Annual audited financial   09/07/31
                                          statements
                                         Annual management          09/07/31
                                          discussion & analysis
                                         Certification of annual    09/07/31
                                          filings

    Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements. Members
are prohibited from trading in the securities of the company during the period
of the suspension or until further notice.

    TSX-X
                       -------------------------------

    49 NORTH RESOURCES INC. ("FNR")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation pertaining to a
Transfer Agreement (the "Agreement"), dated November 5, 2009, between 49 North
Resources Inc. (the "Company"), and 49 North 2009 Resource Flow-Through
Limited Partnership (the "Fund"), whereby the Company has agreed to purchase
all of the assets and liabilities of the Fund.

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P             No. of Shares

    49 North 2009 Resource
     Fund Inc.
     (Tom MacNeill)          Y                                       436
    Tom MacNeill             Y                                   104,484

    In consideration, the Company will issue 4,351,810 common shares at a
deemed price of $1.74 per share to the holders of the Fund equal to the market
value of the Fund.
    For further details, please refer to the Company's news releases dated
November 6, 2009 and January 19, 2010.

    TSX-X
                       -------------------------------

    BCGOLD CORP. ("BCG")
    BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Further to the bulletin dated July 25, 2007 with respect to the Company's
agreement with Engineer Mining Corp. ("EMC") to acquire up to a 100% interest
in the Engineer mine property located in the Atlin Mining District in British
Columbia, TSX Venture Exchange has accepted for filing a further Amending
Agreement dated January 12, 2010 between the Company, EMC and Murray J. Leitch
whereby the certain of the terms have been amended as follows:

    1.  The initial interest to be earned has been renegotiated from 51% to
        49%. Consideration paid to date under the original January 16, 2007
        Letter Agreement is $125,000, 250,000 common shares and 250,000 share
        purchase warrants.

    2.  The subsequent interest to be earned is amended from 9% to 11% in the
        third year. In all other respects, the consideration payable under
        the original agreement remains unchanged with respect to the purchase
        of the additional 15% and 25%.

    3.  On or before January 16, 2010, Leitch will be paid rent of $30,000
        for three years from January 16, 2008 to January 15, 2011.
        Thereafter, the annual rent payment is $10,000 per year while the
        mine property is not in production and $50,000 per year if the mine
        property is in production and will cease on the later of the Company
        earning a 100% in the mine property or purchasing the mine property.

    4.  In lieu of the balance owing under the original agreement of
        $125,000, 125,000 common shares and 75,000 share purchase warrants,
        the Company shall issue 1,200,000 common shares in tranches of
        400,000 common shares each every six months thereafter.

    5.  The Company shall grants to EMC a 30% net proceeds interest from the
        sale of gold extracted from the Double Decker Vein.

    6.  By December 31, 2010, the Company, at its option and cost, will
        either evaluate and complete an underground de-watering program or
        evaluate and carry out a drilling program which will drill test a
        minimum of 2 targets.

    After earning a 49% interest, the Company has an exclusive right and
option to purchase the mine property at fair value, subject to a maximum of
$500,000 until the earlier of January 16, 22015, the date the Company has
ceased mining work on the mine property or the date EMC terminates the
Engineer Agreement.

    TSX-X
                       -------------------------------

    CADILLAC VENTURES INC. ("CDC")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced January 26, 2010:

    Number of Shares:        5,000,000 shares

    Purchase Price:          $0.40 per share

    Warrants:                2,500,000 share purchase warrants to purchase
                             2,500,000 shares

    Warrant Exercise Price:  $0.50 for a two year period

    Number of Placees:       1 placee

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    Trafigura Beheer, B.V.
     (Eric de Turckheim
     and Graham Sharp)       Y                                 5,000,000

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.

    TSX-X
                       -------------------------------

    CASTILLIAN RESOURCES CORP. ("CT")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation pertaining to a
Share Exchange Agreement (the "Agreement"), between Castillian Resources Corp.
(the "Company"), and several parties (collectively, the "Vendors"), whereby
the Company has agreed to acquire all of the issued and outstanding shares of
Tucano Exploration Inc. ("Tucano") - a private mineral exploration company
that owns a 100% interest in 33 mineral concessions (the "Paramirim
Gold-Copper Project"), located in west-central Bahia State, Brazil.
    In consideration for the Tucano shares, the Company has agreed to issue an
aggregate of 24,983,900 common shares at a deemed value of $0.06 per share to
the Tucano shareholders.

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P             No. of Shares

    Stan Bharti              Y                                 2,290,000

    For further details, please refer to the Company's new releases dated July
24, 2009 and January 29, 2010.

    TSX-X
                       -------------------------------

    CATALYST COPPER CORP. ("CCY")
    (formerly Svit Gold Corp. ("SDP"))
    BULLETIN TYPE: Name Change
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    The Company has changed its name as follows. There is no consolidation of
capital.
    Effective at the opening Tuesday, February 2, 2010, the common shares of
Catalyst Copper Corp. will commence trading on TSX Venture Exchange, and the
common shares of Svit Gold Corp. will be delisted. The Company is classified
as a 'Mineral Exploration' company.

    Capitalization:          Unlimited shares with no par value of which
                           187,659,846 shares are issued and outstanding
    Escrow:                        NIL

    Transfer Agent:          Computershare Investor Services Inc.
    Trading Symbol:          CCY         (new)
    CUSIP Number:            14888C 10 1 (new)

    TSX-X
                       -------------------------------

    CACHE EXPLORATION INC. ("CAY.P")
    BULLETIN TYPE: Resume Trading, Qualifying Transaction-Announced
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Effective at the opening Tuesday, February 2, 2010, trading in the
Company's shares will resume.
    This resumption does not constitute acceptance of the Company's proposed
acquisition of an undivided 70% interest in the Bluff Lake Property located in
the Cariboo region of south-central BC (the 'Qualifying Transaction'), as
disclosed in the Company's news release of November 20, 2009, and should not
be construed as an assurance of the merits of the transaction or the
likelihood of completion. The Company is required to submit all of the
required initial documentation relating to the Qualifying Transaction within
75 days of the issuance of the news release.
    Prior to the Exchange granting final acceptance of the Qualifying
Transaction, the Company must satisfy the Exchange's Minimum Listing
Requirements. There is a risk that the transaction will not be accepted or
that the terms of the transaction may change substantially prior to
acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.

    TSX-X
                       -------------------------------

    CANTRONIC SYSTEMS INC. ("CTS")
    BULLETIN TYPE: Private Placement-Brokered, Convertible Debenture/s
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
the first tranche of a Brokered Private Placement announced November 17, 2009:

    Convertible Debenture:   $2,299,000

    Conversion Price:        Convertible into common shares on the basis of
                             2,500 shares for each $1,000 of Debentures based
                             on $0.40 per share on or before maturity.

    Maturity date:           5 year term

    Interest rate:           10% payable semi-annually

    Number of Placees:       44 placees

    Upon maturity, the Company may repay the Debentures including all accrued
and unpaid interest in cash or, at its options in Shares at a price to be
determined by dividing the amount payable by 95% of the weighted average
trading price of the shares for 20 consecutive trading days ending five days
before the maturity date subject to a floor price of not less than the
Discounted Market Price as of the date the debt is due.

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            Principal Amount

    James Zahn               Y                                     $102,400
    Gregory J. Flower        P                                     $120,000

    Agents' Fees:            Versant Partners Inc. - $128,904.93 and 358,069
                             Compensation Options that are exercisable into
                             common shares at $0.40 per share for a two year
                             period.

                             Loewen, Ondaatje, McCutcheon Limited -
                             $15,932.07 and 44,255 Compensation Options that
                             are exercisable into common shares at $0.40 per
                             share for a two year period.

                             Raymond James Ltd. will receive an advisory fee
                             of $16,093.00.

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

    TSX-X
                       -------------------------------

    DETECTOR EXPLORATION LTD. ("DEX")
    BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 18, 2009 and January 29,
2010:

    Convertible Debenture:   $300,000

    Conversion Price:        Convertible into common shares at $0.20 of
                             principal per share.

    Maturity date:           March 31, 2011

    Warrants:                Each warrant is exercisable for one common share
                             at a price of $0.20 expiring on March 31, 2011.

    Interest rate:           10% per annum

    Number of Placees:       6 placees

    No Insider/Pro Group Participation

    Finder's Fee:            $10,500 payable to Brant Investments Ltd.

    TSX-X
                       -------------------------------

    KALLISTO ENERGY CORP. ("KEC")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 23, 2009:

    Number of Shares:        2,500,000 shares

    Purchase Price:          $0.42 per share

    Number of Placees:       38 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    Robyn Lore               Y                                   152,490
    Giovanni DeFrancesco     Y                                    25,000
    Robert Malcolm           Y                                    47,500
    Sanford Gauchier         Y                                    38,000
    Greg Robb                Y                                   300,000

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

    TSX-X
                       -------------------------------

    KINETEX RESOURCES CORPORATION ("KTX")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement:

    Number of Shares:        1,479,000 shares

    Purchase Price:          $0.15 per share

    Warrants:                1,479,000 share purchase warrants to purchase
                             1,479,000 shares

    Warrant Exercise Price:  $0.25 for a two year period

    Number of Placees:       7 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/               No. of Shares

    Elizabeth Wademan        P                                       30,000

    Finder's Fee:            $11,203.50 and 74,690 finder warrants payable to
                             Mondo Capital Partners Inc.

                             $3,255 and 21,700 finder warrants payable to Mr.
                             Steve Voelpel

                             -Each finder warrant is exercisable at $0.25 for
                             a one year period

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. (Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.)

    TSX-X
                       -------------------------------

    KNIGHTSCOVE MEDIA CORP. ("KC.A") ("KC.B")
    BULLETIN TYPE: Shares for Bonuses
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's proposal to
issue an aggregate of 1,333,332 non-transferable bonus shares to Jones, Gable
& Company Limited, John D. Lane and Leif Bristow in consideration of a
CDN$1,000,000 loan made to the Company.

    TSX-X
                       -------------------------------

    LANDER ENERGY CORPORATION ("LAE.P")
    BULLETIN TYPE: Halt
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Effective at 6:31 a.m. PST, February 1, 2010, trading in the shares of the
Company was halted at the request of the Company, pending an announcement;
this regulatory halt is imposed by Investment Industry Regulatory Organization
of Canada, the Market Regulator of the Exchange pursuant to the provisions of
Section 10.9(1) of the Universal Market Integrity Rules.

    TSX-X
                       -------------------------------

    NORTHFIELD CAPITAL CORPORATION ("NFD.A")
    BULLETIN TYPE: Normal Course Issuer Bid
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has been advised by the Company that pursuant to a
Notice of Intention to make a Normal Course Issuer Bid dated February 1, 2010,
it may repurchase for cancellation, up to 137,826 Class A restricted voting
shares in its own capital stock. The purchases are to be made through the
facilities of TSX Venture Exchange during the period February 5, 2010 to
February 4, 2011. Purchases pursuant to the bid will be made by Jones Gable &
Company Limited on behalf of the Company.

    TSX-X
                       -------------------------------

    ONE EXPLORATION INC. ("OE.B")
    BULLETIN TYPE: Delist
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Effective at the close of business on February 2, 2010, the Class B shares
of One Exploration will be delisted from TSX Venture Exchange at the request
of the Company.

    TSX-X
                       -------------------------------

    PARLANE RESOURCE CORP. ("PPP.P")
    BULLETIN TYPE: Resume Trading
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing the Company's Filing
Statement dated January 26, 2010, for the purpose of filing on SEDAR.
    Effective at opening Tuesday, February 2, 2010, trading in the shares of
the Company will resume, an announcement having been made in the Company's
news release dated January 29, 2010.

    TSX-X
                       -------------------------------

    REBECCA CAPITAL INC. ("REB.P")
    BULLETIN TYPE: Remain Halted, CPC-Filing Statement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Shares of the Company will remain halted.
    TSX Venture Exchange has accepted for filing the Company's CPC Filing
Statement dated January 29, 2010, for the purpose of filing on SEDAR.

    TSX-X
                       -------------------------------

    SNL ENTERPRISES LTD. ("SNL")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 31, 2010:

    Number of Shares:        4,668,000 flow through shares
                             10,252,000 non-flow through shares

    Purchase Price:          $0.075 per flow through share
                             $0.06 per non-flow through share

    Warrants:                14,920,000 share purchase warrants to purchase
                             14,920,000 shares

    Warrant Exercise Price:  $0.10 for a two year period

    Number of Placees:       6 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    Thal S. Poonian          Y                               334,000 f/t
                                                             834,000 nft
    Ron Bobowski             Y                               834,000 nft

    Finder's Fee:            MAK, Allen & Day Capital Partners receives
                             $30,000 and 700,000 warrants, each exercisable
                             at a price of $0.10 per share for a two year
                             period.

                             Trinity Wood Capital Corporation receives
                             $300,000 and 200,000 warrants, each exercisable
                             at a price of $0.10 per share for a two year
                             period.

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. (Note
that in certain circumstances the Exchange may later extend the expiry date of
the warrants, if they are less than the maximum permitted term.)

    TSX-X
                       -------------------------------

    SNS SILVER CORP. ("SNS")
    BULLETIN TYPE: Property-Asset or Share Disposition Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing an Exploration Earn-In
Agreement dated December 30, 2009 between United Mine Services, Inc.
('United'), Syringa Exploration Inc. ('Syringa') and the Company The Company
has granted to United and Syringa (the 'Optionees') the right to earn up to
80% of the Company's Crescent Property located in Shoshone County, Idaho. To
earn their interest the optionees must pay US$220,000, issue up to 600,000
shares of United and make exploration expenditures of US$9,000,000 on the
Crescent Property as follows:

    -   US$20,000 on signing the Exploration Earn-In Agreement
    -   US$100,000 and 500,000 shares of United on closing
    -   An additional 100,000 share of United to be issued if United does not
        complete a contemplated listing on a recognized Canadian stock
        exchange or quotation system by way of reverse takeover or qualifying
        transaction by May 31, 2010.
    -   US$100,000 on completion of the contemplated public listing of United

    Exploration expenditures of
        -   US$2,000,000 by September 30, 2011
        -   An additional $US$3,000,000 by September 30, 2012
        -   An additional US$ 4,000,000 by September 30, 2013

    The Optionees can earn their interest in stages as follows:

    -     50% when cumulative exploration expenditures reach US$5,000,000
    -     60% when cumulative exploration expenditures reach US$6,000,000
    -     70% when cumulative exploration expenditures reach US$7,000,000
    -     80% when cumulative exploration expenditures reach US$9,000,000

    TSX-X
                       -------------------------------

    STINA RESOURCES LTD. ("SQA")
    BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement,
    Correction
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    Further to TSX Venture Exchange Bulletin dated January 29, 2010 the
initial share issuance upon exchange acceptance is 200,000 common share of the
Company.

    TSX-X
                       -------------------------------

    TRIBUTE MINERALS INC. ("TBM")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 23, 2009:

    Number of Shares:        10,333,332 flow-through shares and
                             5,000,000 non flow-through shares

    Purchase Price:          $0.12 per flow-through share
                             $0.10 per non flow-through share

    Warrants:                10,166,666 share purchase warrants to purchase
                             10,166,666 shares

    Warrant Exercise Price:  $0.15 for a two year period (5,166,666 wts)
                             $0.11 for a two year period (5,000,000 wts)

    Number of Placees:       21 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    John D. Harvey           Y                                   400,000
    Richard Nemis            Y                                   416,666
    Michael Gesualdi         P                                   200,000
    William R. Johnstone     Y                                   100,000
    Peter Brodie-Brown       Y                                   250,000
    Ian Brodie-Brown         Y                                   250,000

    Finder's Fee:            A CDN$60,000 cash commission and 666,667
                             finders' warrants payable to Limited Market
                             Dealer Inc. Each finder's warrant entitles the
                             holder to acquire one unit at $0.12 for a two
                             year period.

    Note that in certain circumstances the Exchange may later extend the
expiry date of the warrants, if they are less than the maximum permitted term.
    For further details, please refer to the Company's news releases dated
January 4, 2010 and January 11, 2010.

    TSX-X
                       -------------------------------

    ULTRA URANIUM CORP. ("ULU")
    BULLETIN TYPE: Property-Asset or Share Disposition Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for filing documentation of a Mineral
Option Purchase Agreement dated January 12, 2010 between the Company and
Pierre Enterprises Ltd. (the "Optionor") whereby the Optionor has been granted
an option to acquire a 70% interest in the Issuer's Beardmore Gold Property
which is comprised of 20 claim units and covers an area of approximately two
square kilometers located in the Thunder Bay Mining Division in Northwestern
Ontario.
    The consideration payable to the Company consists of cash payments
totaling $180,000 payable over a four year period and exploration work
commitments of $500,000 on or before September 30, 2013.
    For further information, please refer to the Company's news release dated
January 13, 2010.

    TSX-X
                       -------------------------------

    ULTRA URANIUM CORP. ("ULU")
    BULLETIN TYPE: Property-Asset or Share Purchase Agreement
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for expedited filing documentation of a
Property Purchase Agreement dated January 6, 2010 between the Company and
Northern Dancer Uranium Corp. (D. Kress. the "Vendor") whereby the Company may
purchase a 100% interest in two mineral claims known as the Mud and AEG Rare
Earth Properties located approximately 10 km northeast of Blue River in the
Kamloops Mining Division, British Columbia.
    The consideration payable to the Vendor consists of $13,000 cash and
300,000 common shares of the Company.
    For further information please refer to the Company's news release dated
January 12, 2010.

    TSX-X
                       -------------------------------

    UNISERVE COMMUNICATIONS CORPORATION ("USS")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 1 Company

    TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 14, 2009:

    Number of Shares:        4,000,000 shares

    Purchase Price:          $0.05 per share

    Warrants:                4,000,000 share purchase warrants to purchase
                             4,000,000 shares

    Warrant Exercise Price:  $0.10 for a two year period

    Number of Placees:       15 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    Michael Scholz           Y                                 1,000,000
    Jas Dhanday              Y                                   510,000
    Michael Schmidt          Y                                   200,000
    Aziz Piran               Y                                   100,000
    Maurice Lees             Y                                   100,000
    Tom Samplonius           Y                                   100,000
    Bruce Sanderson          Y                                   200,000
    James Jang Family Trust  Y                                   250,000

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

    TSX-X
                       -------------------------------

    YALE RESOURCES LTD. ("YLL")
    BULLETIN TYPE: Private Placement-Non-Brokered
    BULLETIN DATE: February 1, 2010
    TSX Venture Tier 2 Company

    TSX Venture Exchange has accepted for expedited filing documentation with
respect to the third tranche of a Non-Brokered Private Placement announced
October 15, 2009 and October 20, 2009:

    Number of Shares:        850,000 shares

    Purchase Price:          $0.06 per share

    Warrants:                850,000 share purchase warrants to purchase
                             850,000 shares

    Warrant Exercise Price:  $0.10 for a one year period

    Number of Placees:       5 placees

    Insider/Pro Group Participation:

                             Insider equals Y/
    Name                     ProGroup equals P/            No. of Shares

    Robert Chu               P                                   100,000
    Mark Humphreys           P                                   200,000

    Finder's Fee:            $5,100 and 51,000 finder's warrants payable to
                             PI Financial Corp.

    Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.

    TSX-X
                       -------------------------------
    


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