VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 23, 2009 -- Yankee Hat Minerals Ltd. ("Yankee Hat" or the "Company") (CDNX:KHT.V - News) Further to the Company's news release of March 11, 2009, we are pleased to announce that the TSX Venture Exchange has accepted filing for a shares for debt transaction. The Company has issued 6,812,000 common shares to extinguish $340,600 of debt.

Following this debt settlement Yankee Hat will have 77,354,538 common shares issued and outstanding.

ON BEHALF OF THE BOARD OF DIRECTORS

P. Bradley Kitchen, President, CEO, and Director

This news release has been prepared by management. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

     Contacts:
     IR Pro Communications (Vancouver)
     Nance Massicotte
     (604) 507-3377 or Toll Free: 1-866-503-3377
     Email: nance@irprocommunications.com
      
     AGORACOM Investor Relations
     Email: KHT@agoracom.com
     Website: http://www.agoracom.com/IR/YankeeHatMinerals