Yankee Hat Makes First Advanced Tungsten Acquisition

VANCOUVER, BRITISH COLUMBIA, Apr 10 (MARKET WIRE) --
Yankee Hat Minerals Ltd. (TSX VENTURE: KHT) ("Yankee Hat" or the
"Company") is very pleased to announce that it has entered into an option
agreement with ATAC Resources Ltd. to acquire up to a 51% undivided
interest in the WAU tungsten-polymetallic project, located in central
Yukon.

The WAU property is an advanced tungsten-polymetallic
(gold-lead-zinc-silver) project that is drill ready. It is located in
central Yukon, about 50 km northeast of the Keno Hill silver camp, and
consists of 40 contiguous mineral claims covering approximately 800
hectares (approximately 2,000 acres).

The property hosts a number of tungsten-bearing skarn occurrences, as
well as recently discovered zones with strongly elevated gold-arsenic and
lead-zinc-silver soil geochemistry. Within the Yukon and neighbouring
Northwest Territories, the largest and richest tungsten deposits are
skarn related. The Cantung mine located on the southeast border of the
Yukon, for example, is a skarn related deposit and is the western world's
largest operating tungsten mine.

Exploration at WAU in 2007 by ATAC Resources Ltd. consisted of extensive
soil sampling, geological mapping, prospecting and property wide,
helicopter-borne, VTEM and magnetic surveys. As a result of the work,
several showings and geochemical and geophysical anomalies have been
identified that are ready to be drill tested. A drill has been secured
for a 2008 exploration program, which is scheduled to begin in June.

"The WAU project epitomizes the new face of Yankee Hat," stated Brad
Kitchen, President and CEO. "It is an advanced stage exploration prospect
focusing on commodities in very high global demand." He added, "The
demand for tungsten is currently robust, and is anticipated to increase.
Over just the past eight years the price of a Metric Tonne Unit of
tungsten has increased over five-fold and analysts are calling for
further increases in prices in the future. Yankee Hat's experienced
exploration team, industry partners and strong capital foundation will
allow us to exploit the foreseeable global demands for tungsten, through
a concentrated effort of exploration and discovery, to generate superior
returns for our shareholders."

Under the terms of the option agreement, Yankee Hat will issue a total of
6,666,666 common shares of the Company in three installments to earn a
50% undivided interest in the project. The Optionor, ATAC Resources Ltd.
will receive one-third of the shares upon TSX Venture Exchange approval
of the acquisition (the "Approval"), one-third on the first anniversary
after Approval, and the final installment upon the second anniversary
after Approval. In addition, the Company must incur the following
exploration expenditures:

- $500,000 on or before December 31, 2008;

- an additional $500,000 on or before December 31, 2009 and;

- an additional $1,000,000 on or before December 31, 2010.

After issuing the common shares and making the above expenditures, Yankee
Hat will then have the option to acquire an additional 1% interest in the
Property (for a total of a 51% interest) for a $1,000,000 cash payment to
the Optionor. The transaction is subject to Exchange approval.

The acquisition of the WAU Project is consistent with the Company's
strategy of acquiring advanced stage exploration projects, focusing on
minerals that have strong underlying commodity price fundamentals.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, Director

This news release has been prepared by management. This document contains
certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the Company's control which may cause
actual results, performance or achievements of the Company to be
materially different from the results, performance or achievements
implied by these forward looking statements. We seek safe harbour.

TSX Venture
Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release.

Contacts:
Yankee Hat Minerals Ltd.
Brad Kitchen
President, Director
(604) 637-3114

Bay Street Connect
Gus Garisto
(416) 805-3106

Copyright 2008, Market Wire, All rights reserved.

-0-