Mr. Errol Farr reports

LOYALIST ANNOUNCES AMENDMENT TO GOLD RUSH OPTION AGREEMENT TO ACCELERATE THE EARNING OF A 100% INTEREST

Loyalist Exploration Ltd. has entered into an amendment to the option agreement dated March 31, 2025, as amended by the amendment agreement dated Oct. 9, 2025, pursuant to which the company has been granted an accelerated option to acquire a 100-per-cent interest in the Gold Rush property within the next 60 days located approximately 30 kilometres (km) west of Timmins, Ont., from a prospector. The property is composed of 41 contiguous mineral claims and is located within the Timmins gold camp.

The option agreement -- amendment

Pursuant to the amendment, the accelerated option may be exercised by paying (in addition to the payments already made under the option) to the optionor (i) cash in the amount of $10,000, within five business days of the date of execution; (ii) cash in the amount of $20,000 payable within 60 calendar days of the date of execution; and (iii) the issuance of four million common shares in the capital of the company. As of the date hereof, the company has paid to the optionor four million shares and $20,000 in connection with the option. Completion of the amendment and the issuance of the shares to the optionor is subject to the receipt of all necessary regulatory approvals including 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. All other terms of the option agreement remain the same; please see the company's press release dated March 31, 2025.

Errol Farr states: "I am very pleased to be working with Robert Laviolette (the optionor) on the Gold Rush property. This accelerated purchase brings all four of our properties, Tully, DeSantis, Loveland and now Gold Rush to a 100-per-cent ownership position. I believe Robert is showing significant confidence in Loyalists' approach to exploring and developing our properties. As we say 'Buy Timmins, Mine Timmins.'"

Robert Laviolette commented, "I'd like to thank Errol and the team behind him who have been working on building up Loyalist with a great portfolio of projects in the Timmins gold camp."

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 currently focused on its Buy Timmins, Mine Timmins strategy, with the recent acquisitions of the Tully gold property, the Loveland nickel-copper-gold property, the Gold Rush gold-silver property and the DeSantis gold property, all located in the Timmins, Ont., mining district. The company expects to commence a significant mining permit project at Tully and exploration activities on all four properties as well as expanding the company's Timmins-based property portfolio.

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