AGM Documents 3

Yoho Resources Inc. Announces Closing of Bought Deal Financing

Calgary, Alberta - January 4, 2012 - Yoho Resources Inc. ("Yoho" or the "Company")
(TSXV: YO) is pleased to announce the closing of its recently announced bought deal financing
of 4,545,500 common shares ("Common Shares") at an issue price of $3.30 per Common Share
for aggregate gross proceeds of $15,000,150 (the "Offering"). The Offering was led by
FirstEnergy Capital Corp. and included Acumen Capital Finance Partners Limited, Haywood
Securities Inc., Paradigm Capital Inc., Peters & Co. Limited and CIBC World Markets Inc.

Proceeds of the Offering will be used to initially reduce Yoho's existing bank indebtedness and to
accelerate Yoho's exploration and development program.

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

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

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

ADVISORY: This press release contains certain forward–looking information and statements
within the meaning of applicable securities laws. The use of any of the words "expect", 2
"anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify forward-looking information or
statements. In particular, but without limiting the forgoing, this press release contains statements
concerning the anticipated use of the net proceeds of the Offering. Although Yoho believes that
the expectations reflected in these forward–looking statements are reasonable, undue reliance
should not be placed on them because Yoho can give no assurance that they will prove to be
correct. Since forward–looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The intended use of the net proceeds of the
Offering by Yoho might change if the board of directors of Yoho determines that it would be in
the best interests of Yoho to deploy the proceeds for some other purpose. The forward–looking
statements contained in this press release are made as of the date hereof and Yoho undertakes no
obligations to update publicly or revise any forward–looking statements or information, whether
as a result of new information, future events or otherwise, unless so required by applicable
securities laws.