Yorbeau Closes First and Second Tranches of Non-Brokered Private Placement

MONTREAL, June 30, 2023 (GLOBE NEWSWIRE) -- Yorbeau Resources Inc. (TSX: YRB) (the "Company" or "Yorbeau") is pleased to announce that it has completed the first and second tranches of a $1,200,000 private placement (the "Private Placement") by issuing (i) on June 29, 2023, 10,037,381 Class A common shares comprised of 4,121,667 "flow-through" Class A common shares at a price of $0.07 per share and 5,915,714 non-flow-through Class A common shares at a price of $0.035 per share for an aggregate gross proceeds of $495,567 and (ii) on June 30, 2023, 5,350,000 Class A common shares comprised of 2,210,000 “flow-through” Class A common shares at a price of $0.07 per share and 3,140,000 non-flow-through Class a common shares at a price of $0.035 per share for aggregate gross proceeds of $264,600. The first and second tranches of the Private Placement generated an aggregate of $760,167 in gross proceeds for the Company. The Company expects to close the remainder of the Private Placement in July 2023.

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