James G. Evaskevich

December 18, 2008 14:04 ET

James Evaskevich: News Release

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

James G. Evaskevich, President & CEO of Yangarra Resources Ltd., Suite 1530, 715 - 5th Avenue S.W., Calgary, Alberta T2P 2X6, announces that he has acquired ownership of 1,200,000 common shares in the capital of Yangarra Resources Ltd. (the "Corporation") (TSX VENTURE:YAN) by participation in the private placement of common shares of the Corporation with a purchase price of $0.10 per share, (the "Acquisition") which shares Mr. Evaskevich has advised, he holds for investment purposes.

Upon completion of the Acquisition, Mr. Evaskevich owns, directly or indirectly or has control or direction over, an aggregate of 10,318,549 common shares of the Corporation, representing approximately 13.6% of the issued and outstanding common shares of the Corporation.

Mr. Evaskevich also currently has stock options to purchase 1,008,525 common shares of the Corporation. Mr. Evaskevich 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.
    James G. Evaskevich
    President & CEO
    (403) 262-9558 ext. 224