Yangarra Resources Ltd.
TSX VENTURE : YAN

Yangarra Resources Ltd.

July 28, 2005 13:07 ET

Yangarra Resources Inc. Update

CALGARY, ALBERTA--(CCNMatthews - July 28, 2005) - YANGARRA RESOURCES INC. (TSX VENTURE:AYX) ("Yangarra") announces that its current net aggregate production is 450 Boe/d (with natural gas converted on the basis of 6,000 cubic feet per barrel of oil equivalent). Field conditions have finally dried up, which has allowed Yangarra to workover several wells that were suspended. Production volumes consist of 141 Boe/d of gas from Medicine Hat and 60 Boe/d natural gas liquids, 204 Boe/d of gas, and 55 bbls/d of light sweet crude oil from Ferrier, for combined net production of 450 Boe/d.

Yangarra also reports that 3 wells remain to be tied in at Ferrier with expected stabilized production of 50 Boe/d of incremental production. This additional production is scheduled to be on stream by October 31 2005.

Yangarra also announces the resignation of Jake Pronk from the position of COO, Director and Chairman of the Board to pursue other interests. The Board of Directors wishes to thank Mr. Pronk for his efforts over the past 2 years and wish him well in his new venture.

This press release may contain forward-looking statements based on management's current projections, beliefs and opinions at the date of this press release. Actual results could differ materially from those anticipated in these statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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