Yorkton Signs Letter of Intent in respect to gold project in Quebec

LOI for Mining Project

January 17, 2020 / Vancouver, BC Yorkton Ventures Inc (“Yorkton”) (YVI:TSX-V) reports that it has signed a non-binding letter of intent (“LOI”) for the purchase, from an arms length party, of an advanced exploration property in southeastern Quebec for a number of payments over time equal to $1,700,000, subject to a 60 day due diligence period (the “Due Diligence Period”).

The agreement is subject to Yorkton completing a legal, technical and environmental due diligence on the property. If the due diligence is not satisfactory to Yorkton at its sole discretion, they shall have the right to terminate the LOI. The LOI and the transaction are subject to:

  1. (i) Satisfactory completion of the due diligence on the property by Yorkton,
  2. (ii) All required corporate and regulatory approvals having been obtained; and
  3. (iii) Execution of a definitive

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

On behalf of Yorkton Ventures Inc.
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 it 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 Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the re-instatement of trading and the identification, negotiation and completion of a transaction sufficient to meet listing requirements of the TSX Venture Exchange. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the TSX Venture Exchange; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.