Vancouver, BC – July 14, 2021 – Yorkton Ventures Inc. has entered into an earn-in agreement under which Yorkton may earn a 100-per-cent interest in the 450-hectare (18 map staked claims) Parkview claims and a 100 -per-cent interest in the 5575-hectare (223 map staked claims) Knights Melange claims located in northeast Central Newfoundland. The projects are adjacent to the Ethos Gold Corp’s Too Good Arm property and to King Global Venture Inc.’s Golden Nugget Property.

Highlights:

• The Parkview project covers 4.5 sq km’s of prospective geology that host numerous gold occurrences on New World Gold mineralization is present in quartz +/- carbonate +/- sulphide +/- visible gold veining and stockwork fracturing of conglomerates, greywacke’s, black shales, mafic volcanic and felsic dykes.
• Rubicon Minerals, Manson Creek and Candente Resources worked the area from 2002 until 2011. The companies discovered numerous (29 documented MODS) gold showings in outcrop throughout the whole 28km long prospective trend, 11 of the 28 showings contain spectacular coarse and fine gold in outcrop or subcrop which assayed up to 510g/t Multiple other gold showings have been found throughout the area but have never been really named or documented, assays from these other showings have assayed up to 12oz/t Au.
• Historic work adjacent (within 180m) to the Parkview claims include grab and chip sampling, A one metre chip sample of silicified felsic dyke assayed 1699 ppb

Adjacent silicified greywacke returned 2423 ppb gold. Narrow centimetre wide quartz veining is present with coarse and fine arsenopyrite present in both rocks (Quinlan, 2001).  Howse 2003, reported that a grab sample (Sample no. 13356) of silicified siltstone containing 4 to 5 percent arsenopyrite and pyrite returned a gold value of 1897 ppb gold. https://gis.gov.nl.ca/mods/ModsCard.asp?NMINOString?temp=n&NMINOString=002E/10/Au%20032 Stefan Kruse of Terrane Geoscience Inc. (in Quinlan 2012 [002E/10/1839] describes the prospect as follows; ” The DZ Zone is characterized by sparse quartz+ankerite veins hosted in an approximately 10 m wide late brittle fault zone. Minor faults within the zone strike both 0-180 degrees and 120-300 degrees. The main fault zone appears to follow the 120-300 degree orientation.

• Other grab samples taken nearby returned the following

Sample No.  EAST        NORTH      Gold (ppb)       Description

13355	662812	5488682	642	qtz breccia; sil. siltstone
13352	662808	5488673	770	altered siltstone
13361	662779	5488692	806	silicified siltstone
13362	662779	5488689	546	silicified siltstone

• The Knights Melange property covers 55.75 sq kms of the very prospective Dunnage Melange within the Dunnage Zone. The Knights Melange property has seen limited exploration. Limited sampling by the vendors, have assays from outcrop assaying up to 5g/t Au within the melange. Other samples in the area have assayed from 1.5g/t Au to 3.5g/t Au. Sampling from the southwest end of the claims have assays up to 0.90g/t Au in a sediment-porphyry contacts.
• Historical assay values have not been independently verified by the company, and a potential investor should not place undue reliance on historical results when making an investment decision, nor should they be used as the sole criterion for making investment decisions. There is no assurance that the company can reproduce such results or that the historical results described therein will be
• The best surface samples are grab/select samples and not necessarily representative of mineralization hosted on the

Parkview/Knights Melange gold property geology overview

The projects lie in the northeast extent of the Exploits subzone (Dunnage zone) of central Newfoundland and is underlaid mostly by the Ordovician Dunnage Melange and the Badger belt. The Exploits subzone area trends 200 km northeast/southwest across the island of Newfoundland and hosts most of the significant gold deposits in the province including Marathon Gold’s Valentine project, which hosts 3.09 million ounces measured and indicated at

• g/t. Gold mineralization on the Parkview/Knights Melange projects are hosted by rocks of the Badger Gold mineralization is associated with arsenopyrite, pyrite, stibnite, chalcopyrite, galena within quartz+/- carbonate-sericite-altered shales, greywacke’s, conglomerates, felsic dykes and mafic volcanic rocks.

Parkview earn-in agreement

Yorkton can earn a 100-per-cent interest in the Parkview claims by making the following cash and share payments (conditional upon TSX Venture Exchange acceptance of the earn-in agreement with respect to the Parkview claim and the issuance of shares thereunder):

• Cash payment of $50,000 and the issuance of 400,000 shares on TSX-V approval of the earn-in agreement with respect to the Parkview claim and the issuance of shares thereunder;
• Cash payment of $50,000 and issuance of 300,000 shares on or before 14^th month anniversary of TSX-V approval;
• Cash payment of $50,000 and issuance of 400,000 shares on or before 2^nd year anniversary of TSX-V approval;
• Cash payment of $50,000 and issuance of 600,000 shares on or before 3^rd year anniversary of TSX-V approval.

Upon acquiring a 100-per-cent interest in the Parkview claim, Yorkton will grant the Vendors a 2-per-cent NSR (net smelter return) royalty, of which the first 1 per cent can be repurchased by Yorkton for $1-million. Pursuant to the earn-in agreement with respect to the Parkview claim, Yorkton has agreed, beginning after July 12, 2026, until the earlier of the date that Yorkton begins commercial production on the Parkview claim or Yorkton makes a buyout payment to the vendor (discussed below), to make a yearly prepayment of $25,000 of the NSR royalty payable in cash or shares, at the sole election of Yorkton (such shares to be valued at the greater of the 20-day VWAP (volume- weighted average price) of Yorkton’s shares on the TSX-V and the lowest price permitted pursuant to the policies of the TSX-V), subject to approval by the TSX-V at the time of the election of Yorkton to make a prepayment in shares, which prepaid amount will be set off against amounts owing to the vendor by Yorkton under the NSR royalty. Yorkton may buy out its prepayment obligation at any time by making a $150,000 payment in cash to the vendor, which buyout payment will be set off against amounts owing to the vendor under the NSR royalty. The NSR royalty is

subject to a right of first refusal in favour of Yorkton in the event of a proposed sale, transfer or other disposal of the NSR royalty, or any portion thereof, by the vendor.

Knights-Melange earn-in agreement

Yorkton can earn a 100-per-cent interest in the Knights-Melange claims by making the following cash and share payments (conditional upon TSX Venture Exchange acceptance of the earn-in agreement with respect to the Knights- Melange claim and the issuance of shares thereunder):

• Cash payment of $70,000 and the issuance of 600,000 shares on TSX-V approval of the earn-in agreement with respect to the Knights-Melange claim and the issuance of shares thereunder;
• Cash payment of $50,000 and issuance of 400,000 shares on or before 14^th month anniversary of TSX-V approval;
• Cash payment of $50,000 and issuance of 400,000 shares on or before 2^nd year anniversary of TSX-V approval;
• Cash payment of $50,000 and issuance of 400,000 shares on or before 3^rd year anniversary of TSX-V approval.

Upon acquiring a 100-per-cent interest in the Knights-Melange claim, Yorkton will grant the Vendors a 2-per-cent NSR (net smelter return) royalty, of which the first 1 per cent can be repurchased by Yorkton for $1-million. Pursuant to the earn-in agreement with respect to the Knights-Melange claim, Yorkton has agreed, beginning after July 12, 2026, until the earlier of the date that Yorkton begins commercial production on the Knights-Melange claim or Yorkton makes a buyout payment to the vendor (discussed below), to make a yearly prepayment of $25,000 of the NSR royalty payable in cash or shares, at the sole election of Yorkton (such shares to be valued at the greater of the 20-day VWAP (volume-weighted average price) of Yorkton’s shares on the TSX-V and the lowest price permitted pursuant to the policies of the TSX-V), subject to approval by the TSX-V at the time of the election of Yorkton to make a prepayment in shares, which prepaid amount will be set off against amounts owing to the vendor by Yorkton under the NSR royalty. Yorkton may buy out its prepayment obligation at any time by making a $150,000 payment in cash to the vendor, which buyout payment will be set off against amounts owing to the vendor under the NSR royalty. The NSR royalty is subject to a right of first refusal in favour of Yorkton in the event of a proposed sale, transfer or other disposal of the NSR royalty, or any portion thereof, by the vendor.

There are no work commitments required pursuant to the Knights-Melange claim option agreement for Yorkton to earn its interest in the Knights-Melange claim.

Andrew Lee Smith, PGeo, chief executive officer, a qualified person under the definitions of National Instrument 43-101, has reviewed and approved the technical contents of this news release.

For more information please visit www.sedar.com or contact:

Andrew Lee Smith
Chief Executive Officer

Investor Contact:
E: investors@yorktonventures.com
888 – 1027 Davie Street, Vancouver, BC V6E 4L2 Canada

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.

Cautionary Statement Regarding Forward-Looking Information

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.

The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.