Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

March 03, 2005 13:18 ET

Yangarra Resources Inc. Announces Operations Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: YANGARRA RESOURCES INC.

TSX VENTURE SYMBOL: AYX

MARCH 3, 2005 - 13:18 ET

Yangarra Resources Inc. Announces Operations Update

CALGARY, ALBERTA--(CCNMatthews - March 3, 2005) - YANGARRA RESOURCES
INC. (TSX VENTURE:AYX) ("Yangarra) - Yangarra's management has decided
to issue an update of operations, as a result of increased trading in
the shares of Yangarra.

Ferrier

The first well (37.5% W.I.) of a three well program (see press release
dated February 22, 2005) has been completed as an oil well. Flow testing
is currently underway. The second well (50% W.I.) of the three well
program has been drilled and cased. Management analysis of the logs
indicate that the well is successful in both target zones. The third
well in this program (50% W.I.) is expected to spud at the end of this
week.

Medicine Hat

The first well (50% W.I.) of two deep tests is drilled and cased.
Management analysis of the logs indicate success in two of the deep
target zones. The second well (50% W.I.) is currently drilling with logs
expected tonight.

Bayhurst Saskatchewan

The completion program is underway on nine standing gas wells (30% W.I.).

Frac operations are underway today and testing operations will commence
tomorrow.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Yangarra Resources Inc.
    James G. Evaskevich
    President
    (403) 262-9558
    (403) 262-8281 (FAX)
    Email: info@yangarra.ca
    Website: www.yangarra.ca
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.