YO

Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) participated in
the drilling and completion operations at Kaybob for the third horizontal well
targeting the Devonian Duvernay shale formation under an existing joint venture
with Celtic Exploration Ltd. ("Celtic") and Trilogy Energy. 


Celtic managed the drilling and completion operations of the well located at
13-36-060-20W5 which was drilled to a measured depth of 5,157 metres. The
horizontal lateral was 1,727 metres in length within the Duvernay shale
formation. The well was drilled and cased over 42 days at a cost of
approximately $4.5 million. Well completion operations commenced in December
2011. The well was fracture stimulated in 25 stages and approximately 2,480
tonnes of sand and 150,100 barrels of slick water were used to stimulate the
well. The total estimated cost of the completion is approximately $5.8 million.
As a result, the total cost estimated by the operator to drill, complete and
test the well is approximately $10.3 million.


The well was tested in-line through the KA Gas Plant. During clean-up, the well
flowed at a maximum rate of 7.1 MMCF per day. The well was shut-in in order to
run 2 3/8 inch production tubing. The well was returned to production and held
at a constant rate of 3.6 MMCF per day, at a static casing pressure of 12,500
kPa (1,812 psi). At the end of the test, in addition to the sweet natural gas
production, the well was producing field condensate (56 degrees API) at a rate
of 339 barrels per day (92 barrels per MMCF of raw gas). 


The operator has shut-in the well and plans to leave the well shut-in for
approximately one month to allow the water to absorb into the formation. At the
time of shut-in, approximately 44,700 barrels (30%) of load water had been
recovered.


Also in the Kaybob area, Yoho operated the drilling of a fourth horizontal well
targeting the Devonian Duvernay shale formation at a 50% working interest. The
well is located at 13-22-062-21W5 and was drilled to a measured depth of 4,861
metres with a 1,461 metre horizontal section within the Duvernay shale
formation. The well was drilled and cased over 39 days at a cost of
approximately $4.9 million. Well completion operations are currently underway.


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


Cautionary Statements

Forward-looking information and statements

This news 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", "schedule", "plans", "intends" and similar expressions are
intended to identify forward-looking information or statements. In particular,
but without limiting the forgoing, this news release contains forward-looking
information and statements pertaining to the following: the estimated volumes
associated with certain of Yoho's wells; Yoho's and its partner's development
plans on certain of their properties; estimates of timing for tie-in of certain
gas wells and completion operations on certain of its gas wells.


In addition, forward-looking statements or information are based on a number of
material factors, expectations or assumptions of Yoho which have been used to
develop such statements and information but which may prove to be incorrect.
Although Yoho believes that the expectations reflected in such forward-looking
statements or information are reasonable, undue reliance should not be placed on
forward-looking statements because Yoho can give no assurance that such
expectations will prove to be correct. In addition to other factors and
assumptions which may be identified herein, assumptions have been made
regarding, among other things: the information provided to Yoho by the operator
is accurate and correct; the impact of increasing competition; the general
stability of the economic and political environment in which Yoho operates; the
timely receipt of any required regulatory approvals; the ability of Yoho to
obtain qualified staff, equipment and services in a timely and cost efficient
manner; drilling results; the ability of the operator of the projects in which
Yoho has an interest in to operate the field in a safe, efficient and effective
manner; the ability of Yoho to obtain financing on acceptable terms; field
production rates and decline rates; the ability to replace and expand oil and
natural gas reserves through acquisition, development and exploration; the
timing and cost of pipeline, storage and facility construction and expansion and
the ability of Yoho and its partners to secure adequate product transportation;
future commodity prices; currency, exchange and interest rates; regulatory
framework regarding royalties, taxes and environmental matters in the
jurisdictions in which Yoho operates; and the ability of Yoho to successfully
market its oil and natural gas products.


The forward-looking information and statements included in this news release are
not guarantees of future performance and should not be unduly relied upon. Such
information and statements; including the assumptions made in respect thereof,
involve known and unknown risks, uncertainties and other factors that may cause
actual results or events to defer materially from those anticipated in such
forward-looking information or statements including, without limitation: changes
in commodity prices; changes in the demand for or supply of Yoho's products;
unanticipated operating results or production declines; changes in tax or
environmental laws, royalty rates or other regulatory matters; changes in
development plans of Yoho or by third party operators of Yoho's properties,
increased debt levels or debt service requirements; inaccurate estimation of
Yoho's oil and gas reserve and resource volumes; limited, unfavourable or a lack
of access to capital markets; increased costs; a lack of inadequate insurance
coverage; the impact of competitors; and certain other risks detailed from
time-to-time in Yoho's public disclosure documents, (including, without
limitation, those risks identified in this news release and Yoho's Annual
Information Form.


The forward-looking information and statements contained in this news release
speak only as of the date of this news release, and Yoho does not assume any
obligation to publicly update or revise any of the included forward-looking
statements or information, whether as a result of new information, future events
or otherwise, except as may be required by applicable securities laws.


The forward-looking statements contained in this document are made as at the
date of this news release and Yoho does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.

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