NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.


Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") is pleased to
announce that it has closed the previously announced disposition (the
"Disposition") of its Montney acreage in the Nig area of Northeast British
Columbia (the "Nig Assets") to Storm Resources Ltd. ("Storm") for total
consideration of approximately $87.9 million (exclusive of customary closing
adjustments), pursuant to the asset purchase and sale agreement dated January
22, 2014 among Yoho, Yoho Resources Partnership (the "Yoho Partnership") and
Storm.


The total consideration of approximately $87.9 million is comprised of
13,629,442 common shares of Storm (the "Storm Shares") having an aggregate
deemed value of approximately $57.9 million, based on the closing price for
Storm's common shares on the TSX Venture Exchange on January 30, 2014 of $4.25
per common share, and $30.0 million in cash (before adjustments) (the "Cash
Consideration"). Yoho has applied the net Cash Consideration received at closing
to retire all current indebtedness under its credit facility. Subsequent to the
Disposition, Yoho's lender has confirmed the revised borrowing capacity under
Yoho's credit facilities will total $50.0 million.


In connection with the Disposition, Yoho and the Yoho Partnership have entered
into an arrangement agreement pursuant to which they will undertake a plan of
arrangement (the "Arrangement") under the Business Corporations Act (Alberta).
Pursuant to the Arrangement, a new class of common shares of Yoho (the "New Yoho
Shares") will be created and each currently issued and outstanding common share
(the "Yoho Shares") of Yoho will then be exchanged for one (1) New Yoho Share
and a portion of the Storm Shares received in the Disposition. Based on the
50,638,687 Yoho Shares issued and outstanding as at the date hereof (on a
non-diluted basis), holders of Yoho Shares shall be entitled to receive one (1)
New Yoho Share and 0.2691 of a Storm Share, for each Yoho Share held at the time
the Arrangement is completed. The final exact allocation of the Storm Shares
will be determined at the time the Arrangement is completed based on the number
of Yoho Shares then issued and outstanding.


Yoho has called an annual and special meeting (the "Meeting") of the
shareholders of Yoho to be held at 9 a.m. on March 20, 2014. At the Meeting, in
addition to the annual and other special business to be considered at the
Meeting, shareholders of Yoho will be asked to consider and vote upon the
Arrangement. The Yoho Board (other than a director who is also a director of
Storm and accordingly has abstained from voting) unanimously recommends that
shareholders of Yoho vote their Yoho Shares in favour of the Arrangement.
Further details on the proposed Arrangement, including relevant Canadian Federal
income tax information, will be included in an information circular - proxy
statement which is expected to be mailed in mid-February 2014 to the
shareholders of Yoho.


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.


READER ADVISORY

This press release contains forward-looking statements as to Yoho's internal
projections, forecasts, expectations or beliefs relating to future events or
future performance, including: anticipated timing for the completion of the
Arrangement, the date of the Meeting, the timing for the mailing of the
information circular - proxy statement in respect of the Meeting and the
estimated pro rata entitlement to Storm Shares represented by a current Yoho
Share. In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "should", "expects", "projects", "plans",
"anticipates" and similar expressions. These statements represent the
expectations or beliefs of management of Yoho. The projections, estimates and
beliefs contained in such forward-looking statements are based on certain
assumptions that management of Yoho believes is reasonable at this time,
including assumptions as to the time required to prepare meeting materials for
the Meeting, the timing of receipt of the necessary regulatory approvals and the
satisfaction of and time necessary to satisfy the conditions to the closing of
the Arrangement, including all necessary court, stock exchange, lender and other
third party approvals and consents. These dates may change for a number of
reasons, including unforeseen delays in preparing meeting materials, inability
to secure necessary regulatory approvals in the time assumed or the need for
additional time to satisfy the conditions to the completion of the Arrangement.
In addition, there are no assurances the Arrangement will be completed. The
completion of the Arrangement also involves known and unknown risks and
uncertainties, including the risks the assumptions set forth herein may not be
accurate, that additional conditions or requirements to complete the Arrangement
will be imposed such that the Arrangement and the Meeting cannot be completed
and held, as applicable, in the manner set forth herein, or at all, which risks
may cause actual results in the future to differ materially from any projections
of future performance or results expressed or implied by such forward-looking
statements. Accordingly, readers should not place undue reliance on the
forward-looking statements and information contained in this press release
concerning these times. Readers are cautioned that the foregoing list of factors
is not exhaustive. Additional information on these and other factors that could
affect Yoho's operations or financial results are included in reports on file
with applicable 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 and information contained in this press release
are made as of the date hereof and Yoho undertakes no obligation 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.


The common shares of Yoho have not and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any
state securities laws and may not be offered or sold in the United States or to
any U.S. person except in certain transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Yoho Resources Inc.
Brian McLachlan
President & Chief Executive Officer
(403) 537-1771 x103


Yoho Resources Inc.
Wendy Woolsey
Vice-President Finance & Chief Financial Officer
(403) 537-1771 x102
www.yohoresources.ca