Loyalist Closes an Additional $30,000 Tranche of Concurrent Financing

(TheNewswire)

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRESERVICES FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario – TheNewswire –
July 11, 2025 – Loyalist Exploration Limited PNGC(“Loyalist”or the “Company”)is pleased to announce that the Company hasclosed an additional $30,000 of its open, non-brokered privateplacement, to augment the Company’s financing of its now 100% ownedLoveland Cu/Ni and Au project in Timmins Ontario.

Closing of Financing

The Company has issued 3,000,000 units of the Company(“Units”) foraggregate gross proceeds of $30,000 (the “Third Tranche”) of its upsizednon-brokered private placement of $1,500,000 of Units (the“Offering”), at aprice of $0.01 per Unit (the “OfferingPrice”). Each Unit consists of one commonshare of the Company and one common share purchase warrant exercisableat a price of $0.05 for thirty-six months following the date ofissuance.

In connection with the Offering, the Company paidfinder’s fees of $2,400 and issued 300,000 finder’s warrants toacquire one Unit of the Offering at the Offering Price for a period ofsixty months from the closing date of the Financing.

The proceeds from the financing will be used to augmentthe Company’s 100% owned, Loveland Property as well as generalworking capital purposes.

All of the securities issued and issuable in connectionwith the Offering and the Acquisition are subject to a hold periodexpiring four months and one day after the date of issuance of thesecurities. Completion of the Offering and the Acquisition is subjectto the receipt of all required regulatory approvals, including theapproval of the Canadian Securities Exchange.

The securities offered have not been registered underthe United States Securities Act of 1933, as amended, and may not beoffered or sold in the United States or to, or for the account orbenefit of, U.S. persons absent registration or an applicableexemption from registration requirements. This release does notconstitute an offer for sale of securities in the UnitedStates.

Neither the Canadian SecuritiesExchange nor its Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) have reviewed or acceptresponsibility for the adequacy or accuracy of this release.

About Loyalist ExplorationLimited

Loyalist Exploration Limited is a mineral explorationcompany concentrating on acquiring, exploring, and developing qualitymineral properties in Canada. The Company is focused on the Lovelandnickel/copper/gold property and the Gold Rush gold/silver property, aswell as completing due diligence and financing of the Tully goldproperty,  all located in the Timmins, Ontario mining district.

For further information please visitthe Company's website at loyalistexp.ca or contact:

Loyalist Exploration Limited

Errol Farr, President and CEO

Email: efarr001@icloud.com

Tel: 647-296-1270

This news release contains "forward-lookinginformation" (within the meaning of applicable Canadiansecurities laws) and "forward-looking statements" (withinthe meaning of the U.S. Private Securities Litigation Reform Act of1995). Such statements or information are identified with words suchas "anticipate", "believe", "expect","plan", "intend", "potential","estimate", "propose", "project","outlook", "foresee" or similar words suggestingfuture outcomes or statements regarding an outlook and includestatements regarding the planned completion ofthe acquisitions of the Loveland and Gold Rush properties and theproposed work on the projects. Although the Company believes that theexpectations reflected in the forward-looking information orstatements are reasonable, prospective investors in the Company’ssecurities should not place undue reliance on forward-lookingstatements because the Company can provide no assurance that suchexpectations will prove to be correct. Forward-looking information andstatements contained in this news release are as of the date of thisnews release and the Company assumes no obligation to update or revisethis forward-looking information and statements except as required bylaw.

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