YANGAROO Inc. Announces Filing of an Amended and Restated Information Circular

TORONTO, Nov. 16, 2011 /CNW/ - YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry's leading secure digital media distribution company, announced today that it has filed an amended and restated information circular (the "Amended Circular") with respect to its Annual General and Special Meeting to be held Wednesday, November 30, 2011 (the "Meeting"). The Amended Circular shall replace and supersede the information circular of the Company dated October 31, 2011 (the "Circular") in respect of the Meeting. The Circular has been amended so as to include additional information with respect to Scott Wambolt, President and CEO and a director of the Company, and Anthony Miller, director of the Company, that was not included in the original Circular as the result of an administrative error and of which the Company was not aware at the time the Circular was filed. The amendments to the Circular relate only to the correction of Scott Wambolt's and Anthony Miller's share ownership from Nil to 2,333,333 and 140,000 shares, respectively, in the table under the heading "Election of Directors" and consequential amendments to adjust for the correction of this section. The Amended Circular otherwise remains unchanged from the Circular, which was previously mailed to shareholders. A copy of the Amended Circular is available for viewing under the Company's profile on SEDAR at www.sedar.com.

YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS replaces the physical distribution of audio and video content for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients with more accountable, effective, and far less costly digital delivery of broadcast quality media via the Internet. The DMDS Awards platform powers many of the North America's major awards shows.

Named one of Canada's Top 100 Tech Companies by Canadian Business, 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.


For further information:

please contact Scott Wambolt at 416-534-0607 ext.111 or visit www.yangaroo.com.

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