Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

June 06, 2007 17:12 ET

Yangarra Grants Stock Options

CALGARY, ALBERTA--(Marketwire - June 6, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Yangarra Resources Ltd. ("Yangarra") (TSX VENTURE:YAN) announces it has granted a total of 1,580,000 stock options pursuant to its stock option plan to employees, directors and consultants. Each option entitles the holder to acquire one common share at an exercise price of $0.20 Cdn funds per share. The options will vest in equal tranches over a two year period and will expire on June 6, 2012. Yangarra also announces that it has agreed to amend the terms of its previously granted 75,000 stock options to Barry Kaplan Associates, to reduce the exercise price to $0.20 per share (from $0.75 per share), subject to regulatory approval.

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

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