Yangarra Appoints Chief Financial Officer and Grants Stock Options

CALGARY, Nov. 25 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSX Venture: "YGR") is pleased to announce the appointment of James Glessing as Chief Financial Officer, effective December 1, 2010.

Mr. Glessing, a Chartered Accountant has a number of years of progressively senior experience in the financial sector within the Oil & Gas industry. His previous experience includes varying financial roles with Deloitte and Canadian Natural Resources. Mr. Glessing was controller at BlackRock Ventures which was acquired by Shell Canada in 2006. Most recently, he served as CFO and Vice President Finance at North Peace Energy Corp. which was acquired by Southern Pacific Resource Corp.  At North Peace Energy he was responsible for all financial matters and was an integral member of the management team from the establishment of public trading, through the development and financing of the company's thermal pilot project and up until the corporate sale.

As Yangarra's Chief Financial Officer, Mr. Glessing will be a key member of Yangarra's executive team and will participate in overall corporate strategic planning.

"With his background working with public Canadian energy companies and his diverse financial skill set, James is a valuable asset to the Yangarra team," James Evaskevich, CEO said. "We look forward to his contributions as Yangarra continues to grow and progress."

Ms. Penny Payne will resign from the position of CFO for the Company, but will continue to provide consulting services to Yangarra on an ongoing basis for the preparation of financial reporting and tax matters. The Company and the Board of Directors wishes to thank Ms. Payne and is indebted for her previous work in the CFO role.

Yangarra also announces it has granted options to purchase 1,955,000 common shares at an exercise price of $0.86 (Cdn funds) per share, pursuant to its stock option plan.  All the options vest immediately and will expire on November 23, 2015.  Mr. Glessing was granted an option on 400,000 shares, other officers were granted options on 345,000 shares, directors were granted options on 200,000 shares, and the balance of the options were issued to employees and consultants.

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.  

For further information:

James Evaskevich, President at [phone]