AGM Documents 3

Yoho Resources Inc. Announces Results Of Annual And Special Meetings Of Common Shareholders And Non-Voting Shareholders

Calgary, Alberta – March 2, 2007

Yoho Resources Inc. ("Yoho" or the "Corporation") is pleased to announce the results of its
annual and special meeting of voting common shareholders, as well as the results of its special
meeting of non-voting common shareholders, both of which meetings were held on February 28,
2007.

Results of the Meeting of Common Shareholders

At the meeting of voting common shareholders, all resolutions tabled at the meeting were
approved by an overwhelming majority. In addition to approving the appointment of directors and
auditors, voting common shareholders also approved the Corporation's stock option plan,
approved the creation of a new class of non-voting shares, namely Class B non-voting shares,
approved the conversion of the Corporation's outstanding non-voting shares into voting common
shares and Class B non-voting shares on the basis of 0.4 of a voting common share and 0.6 of a
Class B non-voting share for every one (1) non-voting share and approved the cancellation of
Yoho's then outstanding non-voting shares, all as set forth in Yoho's management proxy circular
dated January 29, 2007. Voting common shareholders who also hold non-voting shares were not
entitled to vote on the non-voting share conversion resolution.

Results of the Meeting of Non-Voting Shareholders

At the meeting of non-voting common shareholders, the non-voting common shareholders
approved the creation of a new class of non-voting shares, namely Class B non-voting shares, the
conversion of the issued and outstanding non-voting common shares into voting common shares
and Class B non-voting shares on the basis of 0.4 of a voting common share and 0.6 of a Class B
non-voting share for every one (1) non-voting share and approved the cancellation of Yoho's then
outstanding non-voting shares, all as set forth in Yoho's management proxy circular dated
January 29, 2007 prepared in respect of the non-voting common shareholder meeting. These
resolutions were approved by 100% of the non-voting shares voted at the meeting.

Timing

As at January 29, 2007, there were 10,931,571 voting common shares and 6,237,583 non-voting
common shares issued and outstanding. Upon effecting the share conversion, Yoho will have
13,426,604 voting common shares and 3,742,550 Class B non-voting shares issued and
outstanding. Subsequent to the conversion, management and directors will hold 22.41% of the
issued and outstanding voting common shares and 19.40% of the issued and outstanding Class B
non-voting shares.

Yoho has filed Articles of Amendment with the Alberta Corporate Registry and the conversion of
the non-voting shares into voting common shares and Class B non-voting shares will become
effective upon Yoho filing all necessary documents with the TSX Venture Exchange ("TSXV").

Yoho Resources Inc. 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
voting common shares of Yoho are listed on the TSXV 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.

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. including 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.