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 full exercise and closing of the over-allotment option (the
"Over-Allotment Option") granted by the Company to a syndicate of underwriters
led by FirstEnergy Capital Corp. and including Acumen Capital Finance Partners
Limited, Haywood Securities Inc., Paradigm Capital Inc., Peters & Co. Limited
and CIBC World Markets Inc. (collectively, the "Underwriters") whereby an
additional 681,825 common shares of the Company ("Common Shares") have been
issued at an issue price of $3.30 per share, for gross proceeds of $2,250,022.
The Over-Allotment Option was granted to the Underwriters in connection with the
Company's public offering of 4,545,500 Common Shares at an issue price of $3.30
per share (the "Offering") which closed on January 4, 2012. The aggregate gross
proceeds received by the Company pursuant to the Offering and the Over-Allotment
Option is $17,250,172. 


The net proceeds from the Common Shares issued pursuant to the Over-Allotment
Option will be used to initially reduce Yoho's existing bank indebtedness and to
fund Yoho's exploration and development program. 


Yoho is a Calgary based junior oil and natural gas company with operations
focusing in the northwest Peace River Arch of Alberta and northeast British
Columbia. The Common Shares 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 funds received by the
Company pursuant to the Common Shares sold on the exercise of the Over-Allotment
Option. 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 received by the Company from the Common Shares sold on the exercise
of the Over-Allotment Option, 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.

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