AGM Documents 3

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

Calgary, Alberta - September 5, 2012 - Yoho Resources Inc. ("Yoho" or the "Company")
(TSXV: YO) is pleased to announce that it intends to proceed with a non-brokered private
placement (the "Private Placement") to, among others, certain directors and officers of the
Company, of up to 3,864,735 common shares issued on a "flow-through" basis as Canadian
development expenses pursuant to the provisions of the Income Tax Act (Canada) (the "FlowThrough
Shares") at an issue price of $2.07 per Flow-Through Share for gross proceeds of
approximately $8,000,000.

Proceeds of the Private Placement will be used to fund the Company’s development drilling
targeting the Duvernay Formation at Kaybob, Alberta. These expenditures qualify as Canadian
development expenses and will be renounced in favour of the subscribers of the Flow-Through
Shares effective on or before December 31, 2012.

The Flow-Through Shares issued pursuant to the Private Placement will be subject to a fourmonth
hold period from the closing date, which is anticipated to occur on or about September 14,

The Private Placement is subject to approval from the TSX Venture Exchange.

Yoho is a Calgary based junior oil and natural gas company with operations focusing in West
Central Alberta and northeast British Columbia. The Common Shares 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

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",
"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 participants in the Private Placement, the anticipated closing of the
Private Placement and the anticipated use of the proceeds of the Private Placement. 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 closing of the Private
Placement could be delayed if Yoho is not able to obtain the necessary regulatory and stock
exchange approvals on the timelines it has planned. The Private Placement will not be completed
at all if these approvals are not obtained or some other condition to the closing is not satisfied.
Accordingly, there is a risk that the Private Placement will not be completed within the
anticipated time or at all. The intended use of the proceeds of the Private Placement 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.