Edmonton, Alberta – TheNewswire - September 30, 2022 – Yorkton Equity Group Inc. (“YEG” or the “Company”) (TSXV:YEG). announces that that it has changed its auditor from RSM Alberta LLP, Chartered Professional Accounts (“RSM”) to Kenway Mack Slusarchuk Stewart LLP, Chartered Professional Accounts (“KMSS”) effective as at September 21, 2022.

There have been no reservations in the reports of RSM on the Company’s financial statements relating to the period during which RSM was the Company’s auditor nor have there been any reportable events, as that term is defined in regulatory policies.

The shareholders of the Company approved the appointment of KMSS as the new auditors of the Company at the Company’s most recent annual general and special meeting held on September 21, 2022.  The change in auditor has also been approved by the Company's board of directors and its audit committee.  

Both RSM and KMSS have provided the Company with written confirmation of the information contained in the Notice of Change of Auditor which are filed on SEDAR at sedar.com under the Company’s profile.

About Yorkton

Yorkton Equity Group Inc. is a growth-oriented real estate investment company committed to providing shareholders with growing assets through accretive acquisitions, organic growth, and the active management of multi-family rental properties with significant upside potential. Our current geographical focus is in secondary markets in British Columbia and Alberta with diversified and growing economies, and strong population in-migration. Our business objectives are to achieve growing Net Operating Income (“NOI”) as well as Net Asset Value (“NAV”) in our multi-family rental property portfolio in strategic markets across Canada.

The management team at Yorkton Equity Group Inc. has well over 30 years of real estate experience in acquiring and managing rental assets.

Further information about Yorkton is available on the Company’s website at www.yorktonequitygroup.com and the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information on Yorkton, please contact:

Ben Lui, CEO - Corporate Office: (780) 409-8228

Yorkton Equity Group Inc. – Shareholder Communications: (780) 907-5263

Email: investors@yorktongroup.com

Forward-looking information

This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of Yorkton. Forward-looking information is based on certain key expectations and assumptions made by the management of Yorkton. Although Yorkton believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Yorkton can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. Yorkton disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States and may not be offered or sold in the United States or to the account or benefit of a person in the United States absent an exemption from the registration requirement.