York Research Corporation Appoints Harvey W. Schultz Director.

NEW YORK--(BUSINESS WIRE)--Nov. 17, 1998--YORK RESEARCH CORPORATION (NASDAQ:YORK), announced today that it has elected Harvey W. Schultz, former Commissioner of the New York City Department of Environmental Protection, to its Board of Directors increasing the size of its Board to four members.

Commenting on the appointment of Mr. Schultz to the Company's Board, Mr. Robert M. Beningson, Chairman and Chief Executive Officer of York Research, stated, "We are pleased that Mr. Schultz has joined our Board. His distinguished career and vast experience in government, utility management, environmental management and project planning, is a perfect complement to the types of projects we are implementing and will be invaluable to York Research as we proceed with our growth plan. We look forward to his contributions."

Mr. Schultz has more than 20 years of government experience and an additional 10 years in the private sector, concentrating on utility management, environmental management and economic development. He currently is President of AMREP Solutions, Inc., a private consulting company specializing in environmental and energy management, real estate support, economic development, land use planning and development and new venture evaluation.

A highlight of Mr. Schultz's government career came in 1986 with his appointment to be Commissioner of the New York City Department of Environmental Protection, the water utility and environmental management and regulatory agency for New York City. For four years, he administered a 5,200 person agency responsible for environmental impact review, hazardous and emergency response, infrastructure improvement projects, wastewater treatment and sewage sludge disposal, drinking water quality and supply, as well as financing and development issues.

Mr. Schultz's senior-level government experience began in 1970 when he was appointed Director of the Economic Development Section of the New York City Department of City Planning. There he helped create sub-centers of business development and was a principal author of the city's Industrial Redevelopment Program.

In 1974 he served as the Director of the Brooklyn Office of City Planning. In 1976 and 1977 Mr. Schultz was Director of Land Use Planning & Environmental Management for the New York City Planning Department involved in all environmental and utility matters.

For eight years, from 1977 through 1985, Mr. Schultz was Executive Assistant to the Brooklyn Borough President. During this time, he supervised all matters that came before the Board of Estimate and reviewed all site selection, ULURP and CEQR applications on a city-wide basis.

Mr. Schultz's private sector experience includes several years as President of Oceanview Associates. He successfully received government approvals for potential construction of 7,500 units of housing on the Queens peninsula within the Arverne Urban Renewal Area.

In 1991 he established HWS Solutions, Inc. a multi-disciplined consulting firm, specializing in planning, environmental management, and economic and real estate development. It was purchased in 1992 by AMREP Corporation.

Mr. Schultz has a Masters Degree in Urban Planning (1968, Hunter College), is a member of the American Institute of Certified Planners, and Chairman of the American Planning Association's Water, Sewer & Sanitation Committee. He is an expert on environmental review under State Environmental Quality Review Act (SEQRA) and City Environmental Quality Review Act (CEQR) requirements.

York develops, constructs and operates cogeneration and renewable energy projects, and through North American Energy Conservation Inc., a subsidiary, markets natural gas in the northeastern United States and Canada.

This press release contains forward-looking statements which are subject to change. The actual results may differ materially from those described in any forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements which speak only as of the date hereof. Additional information concerning potential factors that could affect the Company's financial results are included in the Company's annual Report for the year ended February 28, 1997 and subsequent Quarterly Report.