Loyalist Exploration Completes Acquisition of Tully Property and First Tranche Financing

October 3, 2025 — Loyalist Exploration Limited has successfully completed the acquisition of the Tully property from Fulcrum Metals plc, located approximately 25 km northwest of Timmins, Ontario. The acquisition involved a cash payment of $500,000 and the issuance of 78,700,000 common shares of Loyalist, with Fulcrum retaining a 2.0% Net Smelter Royalty. Loyalist also completed the sale of 32,650,000 units of the Company for gross proceeds of $653,000 in the first tranche of its non-brokered private placement.

Errol Farr, CEO of Loyalist, expressed pride in the support received and highlighted the transformative nature of the Tully acquisition alongside the Gold Rush and Loveland properties. Ryan Mee, CEO of Fulcrum, noted confidence in Loyalist's technical team and their ability to advance the Tully project.

The proceeds from the financing will support the Tully acquisition and general working capital. The securities issued are subject to a hold period, and completion of the acquisition is subject to regulatory approvals.

Stephen Balch, P.Geo., independent director for Loyalist, has reviewed and approved the technical content of this release.

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

Source: Loyalist Exploration Limited