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, 2013
and the related managements' discussion and analysis ("MD&A"). Copies of these
documents may be found on www.sedar.com.


Highlights



--  Subsequent to fiscal Q1 2014, Yoho completed a transaction to sell its
    assets at Nig, British Columbia to Storm Resources Ltd. ("Storm") for a
    total consideration of $87.9 MM, consisting of $30 MM cash and 13.6 MM
    Storm shares. The $30 MM cash component of the transaction price was
    used to eliminate Yoho's outstanding bank debt. Subsequent to the
    transaction, the Company's credit facilities were revised to total $50
    MM. 
--  Yoho has scheduled its annual general and special meeting of the
    shareholders of Yoho on March 20, 2014. As part of the meeting, Yoho
    shareholders will be asked to vote upon a plan of arrangement which will
    provide, among other things, for a pro rata entitlement of the 13.6 MM
    Storm shares currently held by Yoho. Based on the 50.7 MM Yoho shares
    currently issued and outstanding (on a non-diluted basis), holders of
    Yoho shares will be entitled to receive 0.26864 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's production during fiscal Q1 2014 averaged 1,948 boe per day (30%
    oil and NGL), a 6% decrease from fiscal Q1 2013 production of 2,075 boe
    per day (25% oil and NGL). During fiscal Q1 2014 production at Kaybob,
    Alberta continued to be restricted by high line pressures on the Tony
    Creek lateral pipeline which connects to the SemCams KA gas plant. Yoho
    has completed construction of a compressor at Kaybob which is expected
    to alleviate the production restriction. Production during fiscal Q1 was
    also impacted by shut-in production in non-operated areas, most of which
    has been restored in January 2014. 
--  Yoho generated funds from operations for fiscal Q1 2014 of $2.8 million
    ($0.06 per share basic and diluted) compared to $2.9 MM for fiscal Q1
    2013 ($0.06 per share basic and diluted). The higher proportion of high-
    liquid natural gas produced, particularly from the Company's Duvernay
    property at Kaybob, has increased field net-backs and kept funds from
    operations consistent with the prior year despite slightly lower
    production volumes. 
--  Net exploration and development expenditures for fiscal Q1 2014 were
    $8.1 million, including the acquisition of one section of Duvernay
    mineral rights, which increased Yoho's total Duvernay rights at Kaybob
    to 22.5 net sections. The total net debt was $36.5 million at December
    31, 2013. 



Fiscal Q1 2014 Capital Expenditures

Yoho has completed construction of a compressor facility at Kaybob to alleviate
production restrictions due to high line pressures on the Tony Creek lateral
pipeline which connects to the SemCams KA gas plant. The Company expects the
compressor to be in service at the end of February 2014.


During the three months ended December 31, 2013, Yoho participated in drilling 2
(1.5 net) wells. One of the two wells was drilled in Nig area of Northeast
British Columbia but was not completed. This well was subsequently disposed of
as part of the disposition of the Company's Nig area assets to Storm. On the
other well drilled during fiscal Q1, operational issues were encountered while
running production casing as part of the process to begin completion operations.
Yoho's cost to date for the drilling of the well is approximately $2.5 million;
however, the well operator is currently negotiating the recovery of all of these
costs from the service company involved in the production casing issues. No
benefit for these contingent recoveries has been recognized.


OPERATIONS UPDATE

Kaybob Duvernay

To date during fiscal Q2 2014, Yoho has participated in the drilling of one
(0.33 net) horizontal well in the Kaybob area targeting the Duvernay formation.
Completion operations on this well are expected to begin in the next few weeks.


OUTLOOK

For fiscal 2014, Yoho is currently planning a total capital program of between
$40.0 and $42.0 million. Yoho is currently planning to drill 4 (1.5 net) wells
at Kaybob and has completed installation of a compressor on the Tony Creek
block. In addition, 2 (2.0 net) wells are planned to be drilled at Inga, British
Columbia during fiscal 2014. Yoho estimates that overall production for fiscal
2014 will average approximately 2,100 to 2,200 boe per day with cash flow
estimated between $16.5 and $17.0 million. Average production levels following
the sale of the Nig assets are expected to be restored to original budget levels
by the last quarter of calendar 2014 through the reallocation of capital (from
Yoho's original capital plan) to the Kaybob Duvernay and Inga properties.


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".


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.


Cautionary Statements

Special Note Regarding Forward-Looking Information

Certain information regarding Yoho set forth in this news release, including
(among other things) the Company's estimates of shareholders' entitlement to
Storm Shares, the date of the Company's shareholder meeting, timing for the
compressor at Tony Creek to be in service and those matters set forth under the
heading "Outlook", 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, loss of markets,
volatility of commodity prices, volatility in production rates, 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 third party (including shareholder) and regulatory
approvals, including as may be required to complete the plan of arrangement to
distribute the Storm Shares, 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, fluctuations in foreign
exchange or interest rates, and the uncertainty of estimates and projections of
production, costs and expenses.


With respect to forward-looking statements contained in this news release, Yoho
has made a number of assumptions. The key assumptions underlying the
aforementioned forward-looking statements include assumptions regarding (among
other things): the impact of increasing competition; the general stability of
the economic and political environment in which the Company operates; the timely
receipt of any required third party (including shareholder) and regulatory
approvals; the ability of the Company to obtain qualified staff, equipment and
services in a timely and cost efficient manner; the number of issued and
outstanding common shares, drilling results; the ability of the operator of the
projects which the Company has an interest in operating the field in a safe,
efficient and effective manner; the ability of the operator of the Company's
drilling projects in Kaybob to realize a recovery (in whole or in part) of
certain expenses incurred; the ability of the Company to obtain financing on
acceptable terms; field production rates and decline rates; the ability to
replace and expand oil and natural gas reserves through acquisition, development
of exploration; the timing and costs of pipeline, storage and facility
construction and expansion and the ability of the Company to secure adequate
product transportation; future commodity prices; currency, exchange and interest
rates; the regulatory framework regarding royalties, taxes and environmental
matters in the jurisdictions in which the Company operates; and the ability of
the Company to successfully market its oil and natural gas production. Certain
or all of the forgoing assumptions may prove to be untrue.


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.


Future Oriented Financial Information

This press release, in particular the information in respect of anticipated cash
flows, may contain Future Oriented Financial Information ("FOFI") within the
meaning of applicable Canadian securities laws. The FOFI has been prepared by
management of Yoho to provide an outlook of Yoho's activities and results. The
FOFI has been prepared based on a number of assumptions including the
assumptions discussed under the heading "Special Note Regarding Forward-Looking
Statements" and assumptions with respect to production rates and commodity
prices. The actual results of operations of the Yoho and the resulting financial
results may vary from the amounts set forth herein, and such variation may be
material. Yoho and its management believe that the FOFI has been prepared on a
reasonable basis, reflecting management's best estimates and judgments.


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