Mr. Errol Farr reports

LOYALIST EXPLORATION ANNOUNCES CLOSING OF THE SECOND AND FINAL TRANCHE OF ITS NON-BROKERED FINANCING

Loyalist Exploration Ltd. has sold 2.85 million units of the company for aggregate gross proceeds of $57,000 in the second and final tranche of its non-brokered private placement of a total of $710,000 of units at a price of two cents per unit.

Errol Farr, chief executive officer of Loyalist, stated: "With the successful completion of our $700,000 financing and the acquisition of the Tully property, Loyalist reached another key milestone. We're now building out our team to drive exploration and development across our portfolio as we continue to execute on our 'Buy Timmins' strategy."

Each unit of the financing consists of one common share in the capital of the company and one Loyalist share purchase warrant exercisable at a price of five cents for 48 months following the date of issuance. Proceeds from the total financing has financed the Tully gold project acquisition (see press release Oct. 3, 2025) and support general working capital.

In connection with the offering, the company paid finders' fees of $4,560 and issued 228,000 finders' warrants exercisable at a price of five cents for 48 months following the date of issuance.

The company also announces that, further to its news release of Oct. 3, 2025, it has completed the issuance of 272,740 Loyalist shares to Fulcrum Metals PLC.

All of the securities issued and issuable in connection with the offering and the acquisition are subject to a hold period expiring four months and one day after the date of issuance of the securities. Completion of the offering and the acquisition is subject to the receipt of all required regulatory approvals, including the approval of the Canadian Securities Exchange.

About Loyalist Exploration Ltd.

Loyalist Exploration is a mineral exploration company concentrating on acquiring, exploring and developing quality mineral properties in Canada. The company is focused on the Loveland nickel/copper/gold property and the recently announced Gold Rush gold/silver property, both located in the Timmins, Ont., mining district.

We seek Safe Harbor.