Mr. Errol Farr reports

LOYALIST EXPLORATION AMENDS TERMS LOVELAND ACQUISITION AND ISSUANCE OF NOTES

Loyalist Exploration Ltd. has provided the following corporate update.

The Loveland project

The company wishes to announce that the closing date of definitive agreement between STLLR Gold Inc. and the company has been extended to May 31, 2025. In consideration for the extension, the company has agreed to increase the number of shares issuable on closing of the agreement from eight million to nine million. All other terms remain the same (see press release dated Feb. 27, 2025).

Promissory notes

The company also announces that it has issued $37,000 in promissory notes in the month of April to existing shareholders and associates of the company. The notes carry a 20-per-cent commitment fee plus 10-per-cent interest. Interest will commence on the earlier of one year from the date of issuance of the notes or following the closing of the company's current financing. It is the intention of the company to repay the notes on closing. The company may also increase the number of notes issued depending on the requirements of the business.

About Loyalist Exploration Ltd.

Loyalist Exploration is a mineral exploration company focused on acquiring, exploring and developing quality mineral properties in Canada.

We seek Safe Harbor.