Yoho Resources Inc. Announces Closing of Non-Brokered Private Placement of Flow-Through Shares

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 that it has closed its previously announced non-brokered private
placement (the "Private Placement") of 3,864,735 common shares issued on a
"flow-through" basis as Canadian development expenses pursuant to the provisions
of the Income Tax Act (Canada) (the "Flow-Through Shares") at an issue price of
$2.07 per Flow-Through Share for gross proceeds of approximately $8,000,000.
Directors and officers of Yoho purchased an aggregate of 1,525,235 Flow-Through
Shares pursuant to the Private Placement. 


Proceeds of the Private Placement will be used to fund the Company's development
drilling targeting the Duvernay Formation at Kaybob, Alberta. These expenditures
are expected to qualify as Canadian development expenses and will be renounced
in favour of the subscribers of the Flow-Through Shares effective on or before
December 31, 2012.  


The Flow-Through Shares issued pursuant to the Private Placement will be subject
to a four-month hold period from the closing date. 


Yoho is a Calgary based junior oil and natural gas company with operations
focusing in West Central 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 anticipated use of the proceeds of the Private Placement and the
qualification of the anticipated expenditures as Canadian development expenses.
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
proceeds of the Private Placement 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. Additionally, the expenditures incurred by Yoho
in carrying out its development programs may not be sufficient or appropriate in
satisfying its obligations to buyers of the Flow-Through Shares, in which case
Yoho may be required to indemnify the holders thereof for any losses. 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.

Yoho Resources Inc. (TSXV:YO)
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