AGM Documents 3

Yoho Resources Inc. Announces Operational Update for the 2006 Fiscal Year

Calgary, Alberta – February 9, 2006 - Yoho Resources Inc. (“Yoho” or the “Company”) is
pleased to announce results of its drilling program to date. Yoho is currently half-way
through its capital program for its 2006 fiscal year (October 2005 to September 2006). The
Board of Directors has approved an increase in the capital budget for fiscal 2006 from $17.7
million to $20 million.

Yoho has participated in 15 (6.2 net) wells, with a 71% success ratio on a net basis. There
are additional 17 (8.5 net) wells remaining to be drilled in the fiscal 2006 capital program.

2006 Drilling Results
 

Gross

Net

Oil

5

2.7

Gas

5

1.7

D&A

3

1.3

Other

2

0.5

Total

15

6.2



Current production is approximately 475 BOEPD with an estimated 450 BOEPD currently
behind pipe as a result of the success of our 2006 drilling program. Of the production
behind pipe, 250 BOEPD is expected to be on-stream before March 1 with an additional 100
BOEPD on-stream by April 2006. The balance is expected to be put on-stream early in Q4
2006 (July-September).

During the first four months of fiscal 2006, Yoho has added 13,200 net acres to its
undeveloped land inventory. The undeveloped land base is currently 39,600 net acres,
which provides the Company with a solid inventory of drillable projects. Yoho has also
added 160 km of 2D seismic and 60 kmof 3D seismic to its data base.

The breakdown of the budgeted capital expenditures is as follows:

 

To Date

Remaining

Land

$    2,300,000

$  1,000,000

Seismic

1,800,000

500,000

Drilling & completion

4,000,000

5,400,000

Equipment, tie-ins and facilities

1,900,000

800,000

Acquisitions

--

2,000,000

Other

133,000

267,000

 

$ 10,133,000

$ 9,867,000

Yoho’s first quarter (September to December 2005) financial results are expected to be
released by February 28, 2006.

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

For more information please contact:

Wendy S. Woolsey
Vice President, Finance and CFO
Yoho Resources Inc.
Phone: (403) 537-1771
www.yohoresources.ca

The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release.



CAUTIONARY STATEMENTS

Certain statements regarding Yoho Resources Inc. include management’s assessments of future plans and
operations, may constitute forward-looking statements under applicable securities laws and necessarily involve
known and unknown risks and uncertainties, most of which are beyond Yoho's control. These risks may cause
actual financial and operating results, performance, levels of activity and achievements to differ materially from
those expressed in, or implied by, such forward-looking statements.

Such factors include, but are not limited to: the impact of general economic conditions in Canada and the United
States; industry conditions including changes in laws and regulations including adoption of new environmental laws
and regulations, and changes in how they are interpreted and enforced; competition; the lack of availability of
qualified personnel; fluctuations in commodity prices; the results of exploration and development drilling and
related activities; imprecision in reserve estimates; the production and growth potential of Yoho's various assets;
fluctuations in foreign exchange or interest rates; the ability to access sufficient capital from internal and external
sources; and obtaining required approvals of regulatory authorities.

Accordingly, Yoho gives no assurance nor makes any representations or warranty that the expectations conveyed
by the forward-looking statements will prove to be correct and actual results may differ materially from those
anticipated in the forward looking statements. Yoho undertakes no obligation to publicly update or revise any
forward-looking statements.

Disclosure provided herein in respect of barrels of oil equivalent (boe) may be misleading, particularly if used in
isolation. A boe conversion ratio of 6 mcf to 1 bbl is based on an energy equivalency conversion method primarily
at the burner tip and does not represent a value equivalency at the wellhead.