Yorkton Completes Acquisition of Newfoundland Gold Projects

Vancouver, BC – August 11, 2021 – Yorkton Ventures Inc. reports that it has completed two strategic property acquisitions in Newfoundland, previously announced on July 14, 2021. The Company has paid $50,000 cash and issued 400,000 shares with a hold period expiring on December 12, 2021 pursuant to the agreement to earn a 100- per-cent interest in the 450-hectare (18 map staked claims) Parkview claims; and, the Company has paid $70,000 cash and issued 600,000 shares with a hold period expiring on December 12, 2021 pursuant to the agreement to earn 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.


  • 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 gold.

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 There is no assurance that the company can reproduce such results or that the historical results described therein will be realized.
  • 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

1.75 g/t. Gold mineralization on the Parkview/Knights Melange projects are hosted by rocks of the Badger Group. 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.

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.