Mr. Ben Lui reports

YORKTON EQUITY GROUP INC. ANNOUNCES ACQUISITION OF THE CRYSTALLINA, A 184-UNIT MULTI-FAMILY RESIDENTIAL COMPLEX IN EDMONTON, ALBERTA

On Oct. 16, 2025, after completing a thorough due diligence and evaluation process, Yorkton Equity Group Inc. removed all buyer's conditions on a purchase and sale agreement (PSA) for the acquisition of The Crystallina, a 184-unit multifamily residential complex in Edmonton constructed in 2016 and comprising 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 neighbourhood at 17904, 17908, 17912 and 17916 -- 78 St. NW, Edmonton, Alta., with a purchase price of $46.0-million.

Under the terms of the PSA, as amended, the company had until Oct. 2, 2025, to waive or satisfy certain due diligence conditions and until Oct. 31, 2025, to waive or satisfy the financing condition to complete the transaction. On Oct. 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 Jan. 15, 2026.

A Canada Mortgage and Housing Corp. (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 50-year amortization period and an interest rate to be fixed prior to closing, not to exceed 4 per cent per annum. The company has already paid non-refundable deposits totalling $1-million, consisting of $100,000 on July 11, 2025, and $900,000 on Oct. 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 per cent of the committed loan amount to a licensed mortgage broker for services in arranging the mortgage financing upon closing of the loan.

The property comprises 51 one-bedroom with one-bathroom suites, 97 two-bedroom with one-bathroom suites and 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 128 underground stalls, in addition to 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 chief executive officer 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, Alta., 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."

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. The company's current geographical focus is in Alberta and British Columbia with diversified and growing economies, and strong population in-migration. The company's business objectives are to achieve growing net operating income (NOI) and asset values in its multifamily rental property portfolio in strategic markets across Western Canada.

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

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