Mr. Errol Farr reports

LOYALIST ANNOUNCES PROPOSED NAME CHANGE AND NEW STOCK SYMBOL

Loyalist Exploration Ltd. intends to change its name to Loyalist Mining Inc. to better reflect the direction of its business. The company also intends to change its stock symbol to LOYM to accompany the name change.

Shareholders will be asked to consider and, if thought appropriate, pass a special resolution approving the name change at the company's upcoming annual general and special meeting scheduled for Dec. 4, 2026. A special resolution requires approval by not less than two-thirds of the votes cast by shareholders who vote in respect of the resolution at the meeting. The stock symbol change remains subject to the approval of the Canadian Securities Exchange. Further details on the name change and stock symbol change, including the effective date and new Cusip number, will be announced in due course.

The company's board of directors has fixed the close of business on Oct. 29, 2026, as the record date for the determination of shareholders entitled to receive notice of, and to attend and vote at, the meeting.

About Loyalist Exploration Ltd.

Loyalist is a Canadian mineral exploration and development company focused on creating long-term shareholder value through the advancement of high-quality mineral projects in Timmins, Ont.

The company's flagship 100-per-cent-owned Tully gold project, located in the prolific Timmins gold camp of Northeastern Ontario, is a growing underground gold project with significant exploration upside and excellent development potential. Supported by a high-confidence indicated and inferred mineral resource estimate, favourable infrastructure, and a modern geological model, Tully provides a strong platform for continued development and expansion.

Loyalist's strategy is to systematically advance the Tully gold project to production while growing the deposit and continuing to evaluate opportunities to expand its portfolio of high-quality mineral assets.

The company also looks forward to advancing exploration activities on its three other Timmins-based projects -- DeSantis, Gold Rush and Loveland.

The company is committed to maintaining the highest standards of technical excellence and responsible development throughout all stages of project advancement.

We seek Safe Harbor.