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TMCNet:  Yangaroo Clarifies Prior Press Release

[December 12, 2012]

Yangaroo Clarifies Prior Press Release

TORONTO, Dec. 12, 2012, 2012 (Canada NewsWire via COMTEX) -- YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media management company, is clarifying its press release dated December 6, 2012. The previously announced private placement is securing a maximum of $350,000 in units, not the previously stated maximum of $200,000 in units. All other details regarding the private placement remain the same.

About YANGAROO: YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform powers many of North America's major awards shows.

YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas.

YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF.

The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: YANGAROO Inc.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/December2012/12/c8372.html SOURCE: YANGAROO Inc.

Gary Moss at 416-534-0607 ext.111 or visitwww.yangaroo.com.

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