Mr. Errol Farr reports

LOYALIST APPOINTS ERROL FARR AS PRESIDENT AND CEO

Loyalist Exploration Ltd. has appointed Errol Farr, CPA, CMA, as president and chief executive officer. Mr. Farr is a seasoned financial and mining professional with over 35 years of experience in financial management, operations, business optimization and strategy development. He is the former chief financial officer of MagIndustries Inc., where he led its finance department and the development of its 68,000-hectare forestry operation. He is the former CEO of Adex Mining Inc., where he led the exploration and development plans at the Mount Pleasant, tin, indium, zinc, tungsten and molybdenum project, including the prefeasibility studies and metallurgical work. He is the former CFO of Anaconda Mining Inc., a gold producer in Newfoundland, Canada, which successfully operated an open pit mining operation during his five-year tenure. He is currently corporate secretary of Spruce Ridge Resources Ltd., a mining exploration company with projects in Oregon and Newfoundland.

John O'Donnell will move from interim CEO to chairman of the board of directors.

Mr. Farr stated that, "I am pleased to receive this vote of confidence from the board and key shareholders, I look forward to some exciting things to come."

Commenting on the appointment, Steve Balch said, "Errol will play a pivotal role in the restructuring of Loyalist as we look to secure an anchor property to move the company forward."

Commenting on the appointment, John O'Donnell said, "I have had the opportunity of working with Errol over the last few years, and have confidence that his extensive experience will be extremely beneficial to the company as we move towards the next phase of our development."

About Loyalist Exploration Ltd.

Loyalist Exploration is a mineral exploration company focused on acquiring, exploring and developing quality mineral properties in Canada. The company's core values are respect for the community, the landowners, the environment and operating a safe workplace. The company is also committed to best practice standards of corporate governance.

We seek Safe Harbor.