Loyalist Exploration Announces Amendment to Gold Rush Option Agreement

Executive Summary

• Loyalist Exploration entered into an amendment to its March 31 2025 option agreement, granting the company an option to acquire 100% of the Gold Rush property near Timmins, Ontario.
• Cash consideration was reduced from $25,000 to $20,000 (paid on October 9 2025) and the company will issue 500,000 common shares, subject to a four‑month hold period and CSE approval.
• The amendment is contingent upon receipt of all required regulatory approvals; all other terms of the original option agreement remain unchanged.

Key Details

• Property: Gold Rush property – 41 contiguous mineral claims located ~30 km west of Timmins, Ontario, within the Timmins Gold Camp.
• Option Terms (Amended):
• Cash payments: $20,000 total (originally $25,000), paid on October 9 2025.
• Equity consideration: 500,000 common shares to be issued as soon as practicable, subject to CSE approval.
• Share hold period: Four months from issuance date.
• Regulatory Conditions: Amendment requires approval of the Canadian Securities Exchange and any other applicable regulatory bodies.
• Operational Activity: Consulting geologist Curtis Ferron conducting prospecting and data collection on Gold Rush property (today) and Loveland property (tomorrow) to plan future exploration programs.
• Remaining Terms: All other provisions of the original Option Agreement dated March 31 2025 remain unchanged.

Notable Quotes

(No direct quotes were provided in the release.)