Yangarra Increases Credit Facility to $32 million

CALGARY, Oct. 27, 2011 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSXV:YGR) is pleased to announce that it has entered into an amended and restated credit facility agreement with Alberta Treasury Branches ("ATB") which will increase its credit facilities to $32 million.  The facility will be increased to $25 million immediately, with further monthly increases based on production levels. It is anticipated that the facility will reach $32 million by January 2012. The other terms of the facility remain unchanged.

The additional credit facility space further strengthens the Company's balance sheet and will provide increased flexibility as the Company advances the drilling program in Central Alberta.

Certain information regarding Yangarra set forth in this news release, including management's assessment of future plans, operations and operational results may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserves estimates, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources.  As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.