Mr. Errol Farr reports

LOYALIST EXPLORATION ANNOUNCES AMENDMENT TO GOLD RUSH OPTION AGREEMENT

Loyalist Exploration Ltd. has entered into an amendment to the option agreement dated March 31, 2025, pursuant to which the company has been granted an option to acquire a 100-per-cent interest in the Gold Rush property, located approximately 30 kilometres west of Timmins, Ont., from a prospector. The property is composed of 41 contiguous mineral claims and is located within the Timmins gold camp. Curtis Ferron, the company's consulting geologist, is spending today on the Gold Rush property and tomorrow on the company's Loveland property doing prospecting and data collection to plan future exploration programs.

The option agreement -- amendment

Pursuant to the amendment, the cash payments due on April 14, 2025, and April 28, 2025, totalling $25,000, have been amended to $20,000 (paid Oct. 9, 2025) and the issuance of 500,000 common shares of the company as soon as practicable (subject to the approval of the Canadian Securities Exchange). All shares issuable pursuant to the amendment are subject to a hold period of four months from the date of issuance. The amendment is subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange. All other terms of the option agreement remain the same. Please see the company's press release dated March 31, 2025.

About Loyalist Exploration Ltd.

Loyalist is a mineral exploration company concentrating on acquiring, exploring and developing quality mineral properties in Canada. Its buy Timmins strategy is focused on the prolific Timmins mining camp. The company is focused on its Tully gold deposit, the Loveland nickel/copper/gold property and its Gold Rush gold/silver property, all located in the Timmins, Ont., mining district.

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