Loyalist Exploration Announces Engagement of Blue Heron for Permit Planning

Executive Summary

• Loyalist Exploration announced the acquisition of a 100% interest in the Tully Gold Project on October 3, 2025.
• The company engaged Blue Heron Solutions for Environmental Management to develop baseline studies and permitting schedules for underground mining at Tully.
• Historical (non‑NI 43‑101) mineral resource estimates were disclosed, showing up to 107,000 ounces of gold (capped) with potential upside to 144,000 ounces (uncapped).

Key Details

• Acquisition: 100% interest in the Tully Gold Project (458 ha mining lease, ~25 km NE of Timmins) acquired on October 3, 2025.
• Environmental Management: Blue Heron Solutions hired to prepare environmental baseline studies and assist with underground mining permit timelines; may also participate in permitting process.
• Future Work: Loyalist will retain a mining consulting firm to produce a current NI 43‑101 compliant Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA).
• Historical Resource Highlights (non‑NI 43‑101):
• Capped Indicated: 358 kt @ 6.56 g/t Au → 76,000 oz
• Capped Inferred: 184 kt @ 5.17 g/t Au → 31,000 oz
• Uncapped Indicated: 362 kt @ 8.70 g/t Au → 101,000 oz
• Uncapped Inferred: 186 kt @ 7.17 g/t Au → 43,000 oz
• Total Historical Gold Estimate: 107,000 oz (capped) / up to 144,000 oz (uncapped).
• Geology Summary: Shallowly inclined quartz‑carbonate veins within a 30 m wide mafic volcanic unit; higher‑grade core extends ~600 m strike and 400 m down‑dip.
• Historical Drilling Database: 356 holes, 91,623 m total length, 718 vein intercepts used for the historical MRE.
• Qualified Person: Curtis Ferron, P.Geo., independent consultant, reviewed and approved technical content.
• CEO Quote: “We are very pleased to commence the initial work on determining the environmental and permitting timelines to a production decision on Tully… now is the time to take advantage of the potential resources at Tully.”

Notable Quotes

“We are very pleased to commence the initial work on determining the environmental and permitting timelines to a production decision on Tully with Blue Heron. With gold prices at all‑time highs, now is the time to take advantage of the potential resources at Tully and execute on the Company’s Buy Timmins strategy.” – Errol Farr, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.