Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

March 16, 2010 11:49 ET

Yangarra Closes Overriding Royalty Purchase

CALGARY, ALBERTA--(Marketwire - March 16, 2010) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR TO U.S. PERSONS.

Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSX VENTURE:YAN) is pleased to announce that it has closed the previously announced (see press release dated March 3, 2010) purchase of an overriding royalty ("Royalty") in the Willesden Green area on eleven (11) sections of prospective Cardium and Glauconite lands. The Royalty is a 15% interest on 100% of all the Natural Gas and Natural Gas Liquids (NGL) produced and 5-15% sliding scale interest on 100% of all Oil produced from the lands. All capital expenditures related to the development of the potential and existing reserves and all crown royalty expenses related to production of the petroleum products are paid for by the working interest owners under the terms of the non- convertible overriding royalty agreement.

The property covered by the Royalty is on land in which Yangarra also holds a 31.875% working interest. There are currently three (3) vertical wells on the land position with one (1) vertical Cardium well currently producing oil. A horizontal Cardium well is licensed and scheduled to be drilled on the property (see press release dated March 9, 2010).

Forward-Looking Statements: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information