Yangaroo Adopts Shareholders Rights Plan



    TORONTO, Aug. 20 /CNW/ - YANGAROO Inc. (TSX-V:YOO, OTCBB:YOOIF)
("YANGAROO" or "the Company") President and CEO, John Heaven, announced today
that the Company's Board of Directors (the "Board") has adopted a Shareholder
Rights Plan (the "Rights Plan"), subject to regulatory approval. The Rights
Plan has been adopted to ensure the fair treatment of shareholders in
connection with any take-over bid for common shares of YANGAROO. The Rights
Plan seeks to provide shareholders with adequate time to properly assess a
takeover bid without undue pressure. It also provides the Board with more time
to fully consider an unsolicited take-over bid and to explore other
alternatives to maximize shareholder value.
    The Rights Plan is not intended to prevent take-over bids that treat
shareholders fairly. Under the Rights Plan, those bids that meet certain
requirements intended to protect the interests of all shareholders are deemed
to be "Permitted Bids". Permitted Bids must be made by way of a take-over bid
circular prepared in compliance with applicable securities laws and, among
other conditions, must remain open for 60 days. In the event a take-over bid
does not meet the Permitted Bid Requirements of the Rights Plan, the rights
will entitle shareholders, other than any shareholder or shareholders making
the takeover bid, to purchase additional common shares of the Company at a
substantial discount to the market price of the common shares at that time.
    The Rights Plan is not being adopted in response to any proposal to
acquire control of the Company. The full text of the Rights Plan is available
on SEDAR. The Company is seeking the approval of the TSX Venture Exchange
after which the Rights Plan will be presented for ratification by the
shareholders at YANGAROO's Annual Meeting to be held in June, 2009. If
approved by the shareholders, the Rights Plan will have an initial term of
three years.

    
    On Behalf of the Board:

    "John Heaven"
    President & CEO
    

    ABOUT YANGAROO

    YANGAROO's patented Digital Media Distribution System (DMDS) is a leading
secure B2B digital delivery solution for the music and advertising industries.
DMDS is a web-based delivery system that pioneers secure digital file
distribution by incorporating biometrics, high-value encryption and
watermarking. DMDS replaces the physical distribution of musical recordings
and advertising to radio, media, retailers and other authorized recipients
with more accountable, effective and far less costly digital delivery of
broadcast quality media via the Internet.
    YANGAROO's DMDS has made over five million deliveries of over 11,000
songs from more than 600 record labels to destinations which include radio
stations representing over 35 US broadcast chains. The number of deliveries
made by US record labels via YANGAROO's DMDS increased by 266% in 2007, to 1.3
million.
    DMDS is the only system that can digitally deliver music across the U.S.,
Canada and the UK. YANGAROO has offices in Toronto, New York, Los Angeles, and
London, UK. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the
symbol YOO and in the U.S. under OTCBB:YOOIF. For further information, please
contact John Heaven at 905-763-3553 or visit www.yangaroo.com.

    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.

    %SEDAR: 00018809E




For further information:

For further information: John Heaven, President & CEO, YANGAROO Inc.,
(905) 763-3553, www.yangaroo.com; Press contact: Matthew Caldecutt/Gina
Preoteasa, Trylon SMR, (212) 725-2295,
matthew@trylonsmr.com/gina@trylonsmr.com

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