Yellowhead Mining Inc. Announces Engagement of CI Capital Markets Inc. as Lead Agent for a Private Placement

By Yellowhead Mining Inc., PRNE
Monday, March 1, 2010


RICHMOND, Canada, March 2, 2010 - Yellowhead Mining Inc. (the "Company" or "YMI") is pleased to announce
that it has engaged CI Capital Markets Inc. ("CICM") as sole lead agent to
raise a minimum of $2 million and a maximum of $5 million by way of a
marketed, best efforts private placement of special warrants (the "Special
Warrants") from treasury, each Special Warrant being exchangeable into one
common share of the Company ("the Offering").

The Company plans to use proceeds from the private placement to advance
its Harper Creek project towards feasibility and for working capital and
general corporate purposes. The Offering terms will be contingent upon market
conditions and will be subject to due diligence by CICM.

The Offering will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold within the United
, or to or for the account or benefit of, U.S. persons without
registration or pursuant to an applicable exemption from U.S. registration

This press release does not constitute an offer to sell, nor is it a
solicitation of an offer to buy, securities.

Ronald Handford, Chief Executive Officer of YMI, stated, "We are pleased
to develop this relationship with one of the premier independent mining
investment banks in Canada, especially at the time of their launch as a new,
entrepreneurial, employee-owned entity. We believe our Harper Creek project
in British Columbia is well-positioned, considering financial and commodity
markets timing and our favourable infrastructure, operational characteristics
and comparatively low international political risk".

About CI Capital Markets Inc.

Certain employees of CI Capital Markets Inc. ("CICM"), formerly the
Capital Markets group of Blackmont Capital Inc., have entered into a
definitive agreement to buy CICM from CI Financial Corp. The agreement is
effective as of February 1st, 2010, with formal closing to occur shortly,
subject to regulatory approval.

CICM provides quality independent research, experienced equity sales and
trading coverage to institutional clients, and investment banking services to
corporate clients.

About Yellowhead Mining Inc.

Yellowhead Mining is a private Canadian company with a 100%-owned
position (subject to a $500,000 option payment) in the Harper Creek
copper-gold-silver advanced exploration project in south-central British
, approximately 90 kilometres from Kamloops. Harper Creek offers
exceptional potential as one of the largest copper pre-development projects
in Canada.

On Behalf of the Board


Ronald Handford, P.Eng. Chief Executive Officer


No regulatory authority has approved or disapproved the information
contained in this newsletter. This newsletter includes certain statements
that may be deemed "forward-looking statements". All statements in this
newsletter, other than statement of historical facts, that address future
production, reserve potential, exploration drilling, exploitation activities
and events or developments that the Company expects are forward-looking
statements. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, statements
are not guarantees of future performance and actual results or developments
may differ materially from the forward-looking statements. Factors that could
cause actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration successes,
continued availability of capital and financing, general economic, market or
business conditions. Investors should be cautious in that any such statements
are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements.

For further information: Contact: +1-604-273-5597

For further information: Contact: +1-604-273-5597

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