Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

December 19, 2008 14:47 ET

Yangarra Announces Update

CALGARY, ALBERTA--(Marketwire - Dec. 19, 2008) -

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 entered into an agreement with Toscana Capital Corporation to extend its mezzanine credit facility for one year. The terms of the agreement renew the current $4.5 million facility from January 1, 2009 to December 31, 2009. The facility has a coupon rate of 12% annually in addition to customary fees.

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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