Mr. Ben Lui reports

YORKTON EQUITY GROUP INC. ANNOUNCES UNSECURED RELATED PARTY LOAN

Yorkton Equity Group Inc. has issued an unsecured grid promissory note to borrow up to a maximum amount of $1.7-million from Lui Holdings Corp. (the lender). The promissory note shall mature 24 months from the date of issuance. The principal amount outstanding of the promissory note shall bear interest at a rate of 5 per cent per annum for the first 30 days and 10 per cent per annum from the 31st day until the maturity date or upon the early repayment of the promissory note in full, whichever comes first. The company shall have the right at any time to pay all or any portion of the balance owing on the promissory note without notice, bonus or penalty.

Yorkton intends to use the proceeds from the promissory note for the acquisition of The Fuse, a 125-unit multifamily residential complex in Edmonton, Alta., as announced on Oct. 2, 2023, and general working capital.

Ben Lui, the president and chief executive officer, director, and majority shareholder of the company, also controls the lender. Accordingly, the promissory note is considered a related party transaction under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions and the policies of the TSX Venture Exchange, and Mr. Lui has abstained from voting on the promissory note in his capacity as a director of the company.

The company is exempt from the formal valuation requirement under MI 61-101 as its common shares are listed for trading on the TSX-V. The company is also exempt from the minority approval requirement under MI 61-101 as the promissory note has been provided on reasonable commercial terms that are not less advantageous to the company than if it were obtained from an arm's-length party. Further, the promissory note is not convertible into or repayable in securities of the company.

About Yorkton Equity Group Inc.

Yorkton Equity Group 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 multifamily rental properties with significant upside potential. Its current geographical focus is in Alberta and British Columbia with diversified and growing economies, and strong population in-migration. Yorkton's business objectives are to achieve growing net operating income (NOI) as well as the asset values in its multifamily rental property portfolio in strategic markets across Western Canada.

We seek Safe Harbor.