AGM Documents 3

Yoho Resources Inc. Announces Extension of $6 Million Loan and $1 Million Flow Through Private Placement

Calgary, Alberta – July 3, 2007. Yoho Resources Inc. (“Yoho” or the “Company”)
announces that it has entered into an agreement with the private lender under Yoho's $6
million loan to extend the maturity date of the loan from June 29, 2007 to January 3,
2008. This loan was originally entered into on December 29, 2006 with the proceeds
being used to partially fund Yoho's purchase of properties in northeast British Columbia.
The loan bears interest at bank prime rate plus 2%, is repayable in full by Yoho at any
time without penalty, is fully subordinated to Yoho's lending facility with the National
Bank of Canada and matures on January 3, 2008.

In connection with the extension of the maturity date of the loan, Yoho has agreed to
issue to the private lender 210,526 common shares on a "flow through" basis, priced at
$4.75 per share, for gross proceeds of $1 million. The private placement is subject to
TSX Venture Exchange approval and closing is expected to occur in mid July 2007.
Proceeds from the placement will be used to fund Yoho’s ongoing capital expenditures.

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 common shares of Yoho 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.

For more information please contact:

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

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


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