Yoho Resources Inc.

Yoho Resources Inc.

October 19, 2005 19:11 ET

Yoho Resources Inc. to Commence Trading on the TSX Venture Exchange

CALGARY, ALBERTA--(CCNMatthews - Oct. 19, 2005) - Yoho Resources Inc. (TSX VENTURE:YO) ("Yoho" or the "Company") is pleased to announce that the TSX Venture Exchange ("TSXV") issued a bulletin confirming the listing of the outstanding voting common shares of Yoho on the TSXV effective October 18, 2005. A total of 6,477,855 voting common shares will be listed. Yoho also has 6,237,283 non-voting shares outstanding. The trading of the common shares had been halted since October 18th, at Yoho's request, pending developments on an acquisition which the Company is not proceeding with. The trading of the common shares will commence on the TSXV at the opening on Thursday, October 20, 2005. Yoho's voting common shares will trade under the symbol "YO".

Yoho has updated its 2006 budget to reflect the increase in current market prices for crude oil and natural gas and has provided the information on its website at www.yohoresources.ca.


Certain statements regarding Yoho Resources Inc. include management's assessments of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most of which are beyond Yoho's control. These risks may cause actual financial and operating results, performance, levels of activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.

Such factors include, but are not limited to: the impact of general economic conditions in Canada and the United States; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; competition; the lack of availability of qualified personnel; fluctuations in commodity prices; the results of exploration and development drilling and related activities; imprecision in reserve estimates; the production and growth potential of Yoho's various assets; fluctuations in foreign exchange or interest rates; the ability to access sufficient capital from internal and external sources; and obtaining required approvals of regulatory authorities.

Accordingly, Yoho gives no assurance nor makes any representations or warranty that the expectations conveyed by the forward-looking statements will prove to be correct and actual results may differ materially from those anticipated in the forward looking statements. Yoho undertakes no obligation to publicly update or revise any forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Yoho Resources Inc.
    Wendy S. Woolsey
    Vice President, Finance and CFO
    (403) 537-1771 ext 102
    Website: www.yohoresources.ca