YANGAROO Announces Closing of Private Placement, Opening of New Private Placement to Accommodate Killbear Acquisition Corp. I...

YANGAROO Inc. (TSX VENTURE:YOO)(OTCBB:YOOIF ), the industry's leading secure
digital media distribution company (the "Company"), announces that it has
completed its brokered private placement financing (the "Private Placement") of
common shares (the "Shares") sold at a price of $0.30 per Share, as was
previously announced in a news release dated May 30th, 2014, and on a second
news release on June 12th, 2014 (the "June 12 Release") with the closing of the
first tranche of the Private Placement. The Company raised gross proceeds of CAD
$1,216,000.10 (the "Proceeds"), which the Company will use primarily for working
capital and accelerating growth in the advertising division. The Company issued
4,053,334 Shares pursuant to the Private Placement. No further subscriptions
were accepted following the June 12 Release.


In the June 12 Release, the Company announced that it would continue to offer
Shares under the Private Placement to accommodate a single investor, namely
Killbear Acquisition Corp ("Killbear"), a "capital pool company" in accordance
with the policies of the TSX Venture Exchange (the "Exchange"). Killbear
proposed to subscribe for the Shares under the Private Placement, which would
constitute its qualifying transaction (the "Qualifying Transaction") pursuant to
the policies of the Exchange. On the advice of the Exchange, the Company instead
closed the Private Placement and announces the opening of a new brokered private
placement (the "New Private Placement") for the sole purpose of accommodating
the Qualifying Transaction. 


In respect of the Private Placement, the Company paid agent's
commissions/finder's fees consisting of an aggregate of $85,120.01 plus expenses
and issued 283,734 broker's warrants, which are exercisable for a period of 24
months at an exercise price of $0.30.


All securities issued to purchasers and agents/finders under the Private
Placement are subject to a four-month hold period pursuant to securities
legislation and the policies of the TSX Venture Exchange, beginning as of June
11th, 2014.


In respect of the New Private Placement, the Company proposes to engage Global
Maxfin Capital Inc. (the "Agent") to act as agent. The Company will pay to the
Agent, and any and all sub-agents and/or finders, a total of up to 7% cash
compensation and up to 7% in compensation options (the "Compensation Options"),
based on the proceeds of the New Private Placement, the Compensation Options
entitling the holder to subscribe for common shares of the corporation on the
same terms as the New Private Placement, being $0.30 per Share, for a period of
24 months from closing.


About YANGAROO:

YANGAROO is a company dedicated to digital media management. YANGAROO's patented
Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud
based solution focused on the music and advertising industries. The DMDS
solution provides more accountable, effective, and far less costly digital
management of broadcast quality media via the Internet. It replaces the
physical, satellite and closed network distribution and management of audio and
video content, for music, music videos, and advertising to television, radio,
media, retailers, and other authorized recipients. The YANGAROO Awards platform
is now the industry standard and powers most of North America's major awards
shows.


YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on
the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under
OTCBB: YOOIF. 


The statements contained in this release that are not purely historical are
forward-looking statements and are subject to risks and uncertainties that could
cause such statements to differ materially from actual future events or results.
Such forward-looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
YANGAROO Inc.
Gary Moss
416-534-0607 ext.111
www.yangaroo.com


For Investor Inquiries:
The Howard Group Inc.
Dave Burwell
1 (403) 221-0915
dave@howardgroupinc.com

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