Mr. Terry Kocisko reports

YORBEAU CREATES A BASE METAL COMPANY

Yorbeau Resources Inc. has created a new wholly owned subsidiary named Chibougamau Metals Inc., which will be led by Terry Kocisko as chief executive officer and George Bodnar Jr. as president and chief financial officer. CMI is designed to unlock the value of the Scott Lake property as a dedicated, stand-alone vehicle which will own 100 per cent of the property and focus solely on its development.

The Scott Lake project is located in the Chibougamau area approximately 20 kilometres west of the town of Chibougamau. The property includes three distinct blocks: the Ouje claims, the Thundermin block and the Scott-Diagold block. Management is excited about the opportunities to further delineate the mineralization already outlined in the National Instrument 43-101 report (refer to the company's website) by accelerating exploration. To this end, the company has also engaged the services of SLR Consulting, a globally trusted technical expert in the mining sector, to provide technical recommendations for its future exploration program and update metal resources in view of present commodities' market price. The company looks forward to providing more updates as the file progresses.

Creation of CMI

In connection with its creation, the company intends to explore financing alternatives for CMI. Additional details, including with respect to the company's interest in CMI following completion of any such financing, will be provided as matters progress.

The completion of the transaction and the exact form and consideration of the transfer of the property into CMI are subject to a number of conditions, including the completion of legal and tax structuring analyses; completion of financial analysis; determination of the structure and amount of financing of CMI; determination of final details of the transaction; settlement of the board of directors and management team for CMI; and required regulatory approvals. There can be no assurance that any securities of CMI will be listed on any stock exchange.

About Yorbeau Resources Inc.

Yorbeau Resources is a Canadian public company involved in gold and base metal exploration in Quebec, Canada. The company's focus is on seeking a partner to further explore and develop its Scott Lake zinc-copper deposit near Chibougamau, Que. (refer to Yorbeau's National Instrument 43-101-compliant technical report dated Dec. 6, 2017, titled "Technical Report on the Preliminary Economic Assessment for the Scott Lake Project, Northwestern Quebec, Canada," available on the company's SEDAR+ profile). Yorbeau also intends to focus on continuing exploration on its well-located properties in the Detour, Joutel and Selbaie region of northwestern Quebec. These properties include the Beschefer property which is adjacent to the B-26 base metal deposit now being explored by Abitibi Metals Corp. and the Selbaie West property adjacent to Soquem (Wagosic property), where they are currently intersecting base metal values along the Selbaie mine horizon.

We seek Safe Harbor.