MONTREAL, QUEBEC--(Marketwired - March 27, 2014) - Yorbeau Resources Inc. (TSX:YRB.A) (the "Company" or "Yorbeau") announces that Mr. Francois Perron has been appointed as Vice-president, Corporate Development, effective March 31st, 2014.
Mr. Perron has over 20 years of experience in the resource sector including as a portfolio manager of various resource funds for the Caisse de dépôt et placement du Québec from 2001 to 2007.
Mr. Perron has an MBA from the Hautes Etudes Commerciales and a Bachelor of Science, Computer Science from McMaster University.
David Crevier, President and CEO of Yorbeau also commented, "We are pleased to have Mr. Perron join during this exciting period for the Company. Gold Fields Sudbury Exploration Corp. is currently continuing its exploration program on our Rouyn Property with a planned $2.2 million drilling campaign in 2014 as part of the $19 million expenditure required to earn a 51% interest in the project. This relationship with Gold Fields provides a solid base that needs to be built upon."
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 the western half of the property. Two of the four deposits, Astoria and Augmitto, have substantial underground infrastructure and have been the focus of NI 43-101 technical reports.
As previously announced, in May of 2013 Yorbeau entered into an option and joint venture agreement with Gold Fields Sudbury Exploration Corp., a 100% indirect subsidiary of Gold Fields Limited ("Gold Fields") relating to the Rouyn Property. Under the agreement Gold Fields has a firm commitment to incur $4 M in expenditures on the Property prior to the end of 2014. For more information on the option and joint venture agreement, see the Company's press releases dated May 22, 2013 and June 26, 2013.
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.