Yorbeau Resources Inc. announced a private placement of 12,500,000 flow-through class A common shares at a price of CAD 0.045 per share for gross proceeds of CAD 562,500 and 12,500,000 non-flow-through class A common shares at a price of CAD 0.035 per share for gross proceeds of CAD 437,500 for aggregate gross proceeds of CAD 1,000,000 on October 3, 2022. The transaction involves participation from five insiders who subscribed for a total of 18,250,000 class A common shares having an aggregate subscription price of CAD 730,000.