Mr. Jim Evaskevich reports

YANGARRA INCREASES SYNDICATED CREDIT FACILITY TO $120 MILLION

Yangarra Resources Ltd. has increased the syndicated senior credit facility to $120-million. The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada.

The facility now comprises a $110-million extendible revolving term credit facility and a $10-million operating facility. All other commercial terms remain the same with the next borrowing base review scheduled for May 31, 2018.

The increased facility allows Yangarra to shift capital spending, as necessary, from Q1 2018 into Q4 2017 to efficiently take advantage of drilling and completion services.