Loyalist Exploration Announces Exercise of Gold Rush Option Agreement

Executive Summary

• Loyalist Exploration Limited has exercised its option to acquire a 100% interest in the Gold Rush property, a 41-claim mineral package located in the Timmins Gold Camp of Ontario.
• The acquisition was finalized pursuant to an amended option agreement, with the Company remitting 8,000,000 common shares and $50,000 in cash to the optionor.
• Final completion of the transaction remains contingent upon securing all required regulatory approvals, specifically including approval from the Canadian Securities Exchange.

Key Details

• Property Name & Location: Gold Rush Property, located approximately 30 km west of Timmins, Ontario, within the Timmins Gold Camp
• Claim Composition: 41 contiguous mineral claims
• Transaction Type: Exercise of option to acquire 100% interest
• Consideration Paid: 8,000,000 common shares of Loyalist Exploration Limited + $50,000 CAD in cash
• Agreement Timeline: Original Option Agreement dated March 31, 2025; subsequently amended on October 9, 2025 and April 7, 2026
• Regulatory Conditions: Completion is subject to all necessary regulatory approvals, including explicit approval from the Canadian Securities Exchange
• Strategic Context: Acquisition aligns with the Company's "Buy Timmins" strategy, complementing recent portfolio additions including the Tully, Loveland, and DeSantis properties
• Forward-Looking Risks: Completion depends on securing necessary financings, meeting anticipated timelines, and obtaining governmental/environmental approvals; failure to secure these could impact the acquisition