Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

November 13, 2009 13:37 ET

Yangarra Provides Restructuring Progress Update

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2009) -

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

Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSX VENTURE:YAN) announces on November 10, 2009 that it received court approval for its Proposal to Creditors.

The Company announces that it has renewed its senior credit facility effective October 27, 2009 as previously announced in its press release dated October 8, 2009. Additional agreed terms include a bank fee earned and payable of $150,000 converted into common shares of Yangarra at a value of $0.15 per share, as well as terms providing that the salary of its senior executive continue to be paid by the issuance of common shares of the Company (the "Yangarra shares"), subject to TSX Venture Exchange Inc. ("TSX Venture") approval.

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.

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