YO

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) is pleased to
announce the closing of its recently announced bought deal financing of
4,545,500 common shares ("Common Shares") at an issue price of $3.30 per Common
Share for aggregate gross proceeds of $15,000,150 (the "Offering"). The Offering
was led by FirstEnergy Capital Corp. and included Acumen Capital Finance
Partners Limited, Haywood Securities Inc., Paradigm Capital Inc., Peters & Co.
Limited and CIBC World Markets Inc. 


Proceeds of the Offering will be used to initially reduce Yoho's existing bank
indebtedness and to accelerate Yoho's exploration and development program.  


Yoho Resources Inc. is a Calgary based junior oil and natural gas company with
operations focusing in northeast British Columbia, West Central Alberta and the
Peace River Arch of Alberta. The common shares of Yoho are listed on the TSX
Venture Exchange under the symbol "YO". 


This press release shall not constitute an offer to sell or a solicitation of an
offer to buy the securities in any jurisdiction. The common shares of Yoho will
not be and have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States, or to a
U.S. person, absent registration or applicable exemption therefrom. 


ADVISORY: This press release contains certain forward-looking information and
statements within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "may", "will",
"project", "should", "believe", "plans", "intends" and similar expressions are
intended to identify forward-looking information or statements. In particular,
but without limiting the forgoing, this press release contains statements
concerning the anticipated use of the net proceeds of the Offering. Although
Yoho believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Yoho can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The intended use of the
net proceeds of the Offering by Yoho might change if the board of directors of
Yoho determines that it would be in the best interests of Yoho to deploy the
proceeds for some other purpose. The forward-looking statements contained in
this press release are made as of the date hereof and Yoho undertakes no
obligations to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.

Grafico Azioni Yoho Resources Inc. (TSXV:YO)
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