Yoho Resources Inc. ("Yoho" or the "Company") (TSX VENTURE:YO) has filed today
on SEDAR the financial statements for the three months ended December 31, 2012
and the related managements' discussion and analysis. Copies of these documents
may be found on www.sedar.com.


Highlights



--  Yoho's production during fiscal Q1 2013 averaged 2,075 boe per day. With
    recent drilling success at Kaybob, Yoho has an incremental 1,500 boe per
    day of production scheduled to come on-stream in March 2013. 
--  Yoho generated funds from operations for fiscal Q1 2013 of $2.9 million
    ($0.06 per share basic and diluted). 
--  Field net-backs for the Company's Duvernay wells were $39.61 per boe
    during fiscal Q1 2013. 
--  Net exploration and development expenditures for Q1 fiscal 2013 were
    $14.1 million. During the first quarter, Yoho drilled 2 (1.5 net) high
    liquids yield natural gas wells. 
--  The Company maintained a flexible balance sheet with total net debt of
    $29.2 million at December 31, 2012. The bank credit facility was
    increased in January 2013 to $56 million from $52 million. 



Operations Update

At Kaybob, the recently drilled Duvernay wells at Tony Creek (press release
February 4, 2013) along with the 13-22 well at Tony Creek are expected to be
placed on-stream during March 2013. Production startup from the Tony Creek block
has been delayed by approximately 6 to 8 weeks due to unforeseen pipeline
repairs to the third party main lateral which leads into the SemCams facility
which the Tony Creek wells are tied into. The two recently drilled wells further
solidify Yoho's view that the Company's entire land base at Kaybob is
prospective for production from the Duvernay formation. Yoho currently has an
inventory of 145 net Duvernay development locations at Kaybob. The high liquids
content of the Company's natural gas production (100 - 160 barrels per Mmcf)
from the Duvernay formation makes this play's economics extremely attractive at
current commodity prices. The liquids blend is 60% to 65% C5+ with the balance
comprised of propane and butane. The three wells at Tony Creek, expected to be
on-stream by mid-March 2013, will add an estimated 1,500 boe per day (2,300 boe
per day gross) of production (initial stabilized rate - first month average
production rate) which is expected to increase Yoho's production to over 3,000
boe per day. Yoho expects to continue to produce these wells until May 2013, at
which time they will be shut-in for approximately one month due to turnaround
and maintenance at the third-party processing facility which the wells are tied
into. Production from the wells will resume as soon as the turnaround is
completed.


Outlook

For fiscal 2013, Yoho is currently planning a total capital program of between
$35.0 and $38.0 million. The majority of the exploration program and related
capital budget is allocated to the Duvernay at Kaybob. With the recent delays in
bringing production on-stream and the scheduled turnaround at the SemCams KA gas
plant in May 2013, it is estimated that Yoho's average production for fiscal
2013 will be approximately 2,700 to 2,800 boe per day. For the remainder of
fiscal 2013, Yoho plans to drill 4 (2 net) horizontal wells from two separate
pads sites at Kaybob. Activity levels for fiscal 2013 will continue to be
monitored to align capital expenditures with expected cash flow and available
credit lines. There are no impending land expiry issues at Kaybob in fiscal
2013. Yoho has the cash flow and available bank lines to fund planned activity
in 2013 and exit the year without impairing the balance sheet. 


About Yoho 

Yoho Resources Inc. is a Calgary based junior oil and natural gas company with
operations focusing in West Central 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. 


Cautionary Statements

Special Note Regarding Forward-Looking Information

In the interest of providing readers with information regarding Yoho, including
management's assessment of the future plans and operations of Yoho, certain
statements contained in this news release constitute forward-looking statements
or information (collectively "forward-looking statements") within the meaning of
applicable securities legislation. Forward-looking statements are typically
identified by words such as "anticipate", "continue", "estimate", "expect",
"forecast", "may", "will", "project", "could", "plan", "intend", "should",
"believe", "outlook", "potential", "target" and similar words suggesting future
events or future performance. In particular but without limiting the foregoing,
this news release contains forward-looking statements pertaining to the
following: the Company's expectations regarding additional production to come
on-stream in March 2013; the Company's forecast average production levels for
fiscal 2013 as well as forecast production levels upon bringing on-stream
recently completed wells; the Company's anticipated capital program budget and
its expectations on the sufficiency of funding the same; the timing of repairs
and maintenance projects on certain facilities and other infrastructures in the
Kaybob area; and the Company's view on the prospectivity of its Kaybob land
holdings. 


With respect to forward-looking statements contained in this document, Yoho has
made a number of assumptions. The key assumptions underlying the aforementioned
forward-looking statements include assumptions that: (i) facilities the timing
of the repairs and other maintenance items for certain facilities and other
infrastructure in the Kaybob area will conducted as currently expected by Yoho;
(ii) that well decline rates and other production levels will be consistent with
Yoho's expectations and forecasts; (iii) that commodity prices will be
maintained such that the economics of Yoho's projects described in this press
release will continue to justify management's belief of the economics on the
play; and (iv) that Yoho's land base is consistent and contiguous for the
Duvernay formation in the manner previously found based on prior drilling
activities. Certain or all of the forgoing assumptions may prove to be untrue.


Certain information regarding Yoho set forth in this document may constitute
forward-looking statements under applicable securities laws and necessarily
involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond Yoho's control, including without limitation, risks
associated with oil and gas exploration, development, exploitation, production,
marketing and transportation, reliance on third parties, loss of markets,
volatility of commodity prices, environmental risks, inability to obtain
drilling rigs or other services, capital expenditure costs, including drilling,
completion and facility costs, unexpected decline rates in wells, wells not
performing as expected, delays resulting from or inability to obtain required
regulatory approvals and ability to access sufficient capital from internal and
external sources, the impact of general economic conditions in Canada, the
United States and overseas, industry conditions, changes in laws and regulations
(including the adoption of new environmental laws and regulations) and changes
in how they are interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management and fluctuations in foreign
exchange or interest rates. Readers are cautioned that the foregoing list of
factors is not exhaustive.


Yoho's actual results, performance or achievement could differ materially from
those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits that the Company will derive therefrom. All subsequent
forward-looking statements, whether written or oral, attributable to the Company
or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Additional information on these and other factors
that could affect Yoho's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com) or Yoho's website
(www.yohoresources.ca).


The forward-looking statements contained in this document are made as at the
date of this news release and Yoho does not undertake any obligation to update
publicly or to revise any of the included forward-looking statements, whether as
a result of new information, future events or otherwise, except as may be
required by applicable securities laws.


BOE Equivalency 

Barrel of oil equivalents or boes may be misleading, particularly if used in
isolation. A boe conversion ratio of 6 Mcf: 1 bbl is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. Given the value ratio based
on the current price of crude oil as compared to natural gas is significantly
different from the energy equivalency of 6 mcf: 1 bbl, utilizing a conversion
ratio of 6 Mcf: 1 bbl may be a misleading indication of value.


Selected Definitions:



bbl       means barrel                                                      
boe       means barrel of oil equivalent of natural gas and crude oil on the
          basis of 1 boe for 6 Mcf of natural gas (this conversion factor is
          an industry accepted norm and is not based on either energy       
          content or current prices)                                        
boe/d     barrel of oil equivalent per day                                  
e3m3      means thousands of cubic metres                                   
kPa       means kilopascals                                                 
m3        means cubic metres                                                
Mcf       means thousand cubic feet                                         
MMcf      means million cubic feet                                          



FOR FURTHER INFORMATION PLEASE CONTACT: 
Yoho Resources Inc.
Wendy S. Woolsey, CA
Vice President, Finance and CFO
(403) 537-1771
www.yohoresources.ca