EDMONTON, ALBERTA - October 24, 2025 (NEWMEDIAWIRE) - Yorkton Equity Group Inc. (TSX.V YEG) (“Yorkton” or the “Company”) is very pleased to announce that on October 16, 2025, after completing a thorough due diligence and evaluation process, the Company removed all buyer’s conditions on a purchase and sale agreement (“PSA”) for the acquisition of “The Crystallina”, a one hundred and eighty-four (184) unit multi-family residential complex in Edmonton constructed in 2016 and comprising of three condominium quality buildings and a free standing amenity building with a fitness centre, social room and leasing office, situated on approximately 3.81 acres of land located in the desirable Crystallina Nera East neighborhood at 17904, 17908, 17912 and 17916 - 78 Street NW, Edmonton, Alberta (the “Property”) with a purchase price of $46.0 million.

Under the terms of the PSA, as amended, the Company had until October 2, 2025 to waive or satisfy certain due diligence conditions and until October 31, 2025, to waive or satisfy the financing condition to complete the transaction. On October 16, 2025, the Company waived the financing condition of the PSA, and all buyer conditions were removed. The closing date for the acquisition of the Property is expected to be January 15, 2026.

A Canada Mortgage and Housing Corporation (“CMHC”) insured mortgage of approximately $44.3 million, inclusive of financing costs, has been approved by CMHC for the Property. A Commitment Letter with a lender has been secured, providing for a fifty (50)-year amortization period and an interest rate to be fixed prior to closing, not to exceed 4% per annum. The Company has already paid non-refundable deposits totaling $1,000,000, consisting of $100,000 on July 11, 2025 and $900,000 on October 20, 2025. The remaining amount of the purchase price, subject to the usual adjustments, will be paid on the closing date by a combination of cash and the CMHC insured bank mortgage. The Company is expected to pay a fee of 0.50% of the committed loan amount to a licensed mortgage broker for services in arranging the mortgage financing upon closing of the loan.

The Property is comprised of fifty-one (51) one-bedroom with one-bathroom suites, ninety-seven (97) two-bedroom with one-bathroom suites, and thirty-six (36) two-bedroom with two-bathroom suites. The average suite size is 803 square feet and the total net rentable space is 147,826 square feet. Each suite is of condominium-quality and features an open-concept design, quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry. Each of the three apartment buildings features underground parking, with a total of one hundred and twenty-eight (128) underground stalls, in addition to one hundred and fifty (150) surface parking stalls. Additional amenities include a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, a community garden and a pet run.

“The acquisition of The Crystallina marks another exciting step forward in Yorkton’s growth strategy,” comments Ben Lui, President and CEO of Yorkton. “Following our recent acquisitions of The Dwell, with 188 units, and The Fuse, with 125 units, The Crystallina further expands our portfolio of premium, condominium-grade rental properties in Edmonton, Alberta, where rental housing demand remains robust, supported by strong economic conditions, continued in-migration, and attractive affordability. We are very pleased with the continued momentum in our expansion and look forward to providing a further update upon closing.”

Overhead View of Complex

Images and Suites of Amenities

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 Alberta and British Columbia with diversified and growing economies, and strong population in-migration. Our business objectives are to achieve growing Net Operating Income (“NOI”) and asset values in our multi-family rental property portfolio in strategic markets across Western Canada.

The management team at Yorkton Equity Group Inc. has well over 30 years of prior 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.sedarplus.ca.

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
Telephone: (780) 409-8228
Email: investors@yorktonequitygroup.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 press 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.

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