Edmonton, Alberta – TheNewswire - December 20th, 2021 – Yorkton Equity Group Inc. (“YEG”, the “Company” or “Yorkton”) (TSXV:YEG) is pleased to announce the appointment of Mr. William Harper as the Company’s Acting Chief Financial Officer.  After graduating from the University of British Columbia with a B.Sc. degree, Mr. Harper obtained the Chartered Accountant (CA) designation and currently is a member of the Chartered Professional Accountants (CPA) of British Columbia.  Mr. Harper is currently an experienced Chief Financial Officer of another public company listed on the TSX Venture Exchange and he has also previously served in a Vancouver based CPA firm as an Audit Manager working with public and private companies across a wide spectrum of industries, including in the real estate sector.  William brings with him a broad wealth of public company compliance and financial reporting expertise. Effective December 20th, 2021, he will replace Ms. DeEtte Mack who has served as Acting Chief Financial Officer since March 2021.

Mr. Ben Lui CEO remarked “We are confident that William as our company Acting CFO adds considerable expertise to our management team, and he can make a significant contribution to the continued rapid growth of our business.  We would like to extend our appreciation to Ms. Mack for her contributions to the Company and providing for a smooth transition of her role.”

About Yorkton

Yorkton Equity Group Inc. is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with growing assets, through the accretive acquisitions, organic growth, and the active management of multi-family rental properties with significant upside potential. Our geographical focus is in primary and secondary markets across Canada with diversified, growing economies, and strong population in-migration, with a current focus in British Columbia. Our business objectives are to achieve growing Net Operating Income (NOI) and Net Asset Value (NAV) in our affordable mid-market multi-family rental property portfolio by deploying a risk averse business model to create the ultimate value proposition for our shareholders. Yorkton Equity Group Inc. is built on the solid foundations of the Yorkton Group of companies with strong financial capacity, and well over 30 years of real estate experience.

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. - Investor Relations: (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.