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Press release from Marketwire

Yoho Resources Inc. Issues Incentive Options

Thursday, December 20, 2012

Yoho Resources Inc. Issues Incentive Options17:50 EST Thursday, December 20, 2012CALGARY, ALBERTA--(Marketwire - Dec. 20, 2012) -NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") announces that it has issued 860,000 stock options in accordance with the Company's shareholder approved stock option plan. The stock options are exercisable at $2.80 per share, expire in five years and vest as to one-third on each of the first, second and third anniversaries of the date of granting. Employees were granted 300,000 options and senior officers and directors were granted 560,000 options. 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 TSXV 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. FOR FURTHER INFORMATION PLEASE CONTACT: 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. Contact Information: Yoho Resources Inc.Wendy S. WoolseyVice President, Finance and CFO(403) 537-1771www.yohoresources.ca