Gordon A. Bowerman

February 22, 2008 16:27 ET

Gordon A. Bowerman.: News Release

CALGARY, ALBERTA--(Marketwire - Feb. 22, 2008) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Gordon A. Bowerman, Chairman & Director of Yangarra Resources Ltd., Suite 1530, 715 - 5th Avenue S.W., Calgary, Alberta T2P 2X6, announces that he has acquired ownership of 36,500 common shares in the capital of Yangarra Resources Ltd. (the "Corporation") (TSX VENTURE:YAN) over the facilities of TSX Venture Exchange Inc. (the "Acquisition") which, Mr. Bowerman has advised, he holds for investment purposes.

Upon completion of the Acquisition, Mr. Bowerman owns an aggregate of 7,558,546 common shares of the Corporation, representing approximately 11.8% of the issued and outstanding common shares of the Corporation.

Mr. Bowerman also currently has warrants to purchase 1,650,000 common shares and stock options to purchase 413,250 common shares of the Corporation. Mr. Bowerman has indicated he may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over the common shares or other securities of the Corporation, through market transactions, private agreements, treasury issuances or otherwise.

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

Contact Information

  • Yangarra Resources Ltd.
    Gordon Bowerman
    (403) 262-9558 ext. 232