Loyalist Exploration Extends Closing Date for Tully Gold Property Acquisition

Toronto, Ontario — July 8, 2025 — NewsWall — Loyalist Exploration Limited (CSE:PNGC) has extended the closing date to no later than September 30, 2025, for its arm’s length transaction with Fulcrum Metals Plc to acquire the Tully Gold property, located approximately 25 kilometres (“km”) northwest of Timmins, Ontario.

The amendment agreement includes future consideration of $50,000 payable in cash or shares, at Loyalist’s discretion, upon raising an additional $500,000 beyond concurrent financing.

The Tully Property features a historical mineral resource of 144,000 ounces gold (uncapped) reported by Francis Minerals Ltd., 2013, and consists of a 458-hectare combined mining lease and mineral claims.

Errol Farr, Loyalist’s President & Chief Executive Officer commented, “With the recent acquisition of the Company’s Loveland and Gold Rush properties, we are continuing our “Buy Timmins” strategy with the addition of the highly prospective Tully project. We thank the Fulcrum team for their agreement to the extension and belief that the assets that Loyalist is acquiring will create significant shareholder value over time.”

Ryan Mee, Chief Executive Officer of Fulcrum, commented, “I am very pleased to announce the signing of the LOI with Loyalist over the highly prospective Tully Gold Project in Timmins, Ontario. This transaction aligns perfectly with our broader strategy to divest exploration assets and focus on the development of our gold tailings projects in Kirkland Lake and the potential commercial opportunities open to us.”

Contact:
Errol Farr, President and CEO
Email: efarr001@icloud.com
Tel: 647-296-1270

Source: Loyalist Exploration Limited