AGM Documents 3

Yoho Resources Inc. Issues Incentive Options

Calgary, Alberta – August 26, 2008

Yoho Resources Inc. (“Yoho” or the “Company”) announces that it has issued 270,000 stock options in
accordance with the Company’s shareholder approved stock option plan. The stock options are
exercisable at $2.78 per share, expire in five years and vest as to one-third on each of the first, second and
third anniversaries of the date of granting. Employees were granted 70,000 options and senior officers
were granted 200,000 options. Including this grant of options, the Company has a total of 1,820,000
options outstanding at an average exercise price of $2.44 per share.

Yoho Resources Inc. is a Calgary based junior oil and natural gas company with operations focusing in
the northwest Peace River Arch and west central 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.