AGM Documents 3

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

Calgary, Alberta – June 23, 2006 - Yoho Resources Inc. ("Yoho" or the “Company”)
announced today that it has closed a non-brokered private placement of 824,000 flow-through
common shares at $6.65 per share, to accredited investors and other qualified purchasers, for
total gross proceeds of $5,479,600. The shares issued pursuant to the financing are subject to
a four month hold period expiring on October 24, 2006. Insiders of the Company have
subscribed for 387,000 (47%) of the flow-through common shares issued. Proceeds of the
financing will be used to fund ongoing exploration activities.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE U.S.

For more information please contact:

Wendy S. Woolsey
Vice President, Finance and CFO
Yoho Resources Inc.
Phone: (403) 537-1771 ext 102

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



SPECIAL NOTE REGARDING FORWARD-LOOKING 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.