Toronto, Ontario – TheNewswire – October 30, 2025 – Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) is pleased to announce the appointment of Michael Cachia as director of the Company effective today.

 

Michael Cachia is a Chartered Professional Accountant with an extensive history of providing services to entities in the natural resource sector and he is a partner in a Toronto based firm of Chartered Professional Accountants. Michael will serve as the Audit Committee Chairman. He is a director and the audit chair of Enerev5 Metals Inc. He is also a director of Western Kidd Resources Inc., a private mineral exploration company located in the Timmins camp.

 

The Company also wishes to announce the formal creation of the Company’s Advisory Committee with its formal charter being approved by the Board of Directors today. The formation of the Advisory Committee commences with the appointment of Kevin Filo to the Advisory Committee, along with Birks Bovaird and Jean Roy.

 

Kevin Filo is a founder, Director and the Corporate Secretary of Mink Ventures Corporation (TSXV: MINK), a Timmins based nickel, copper, cobalt explorer. Mr. Filo obtained an Honours Bachelor of Science (HBSc,1980) degree in geology from Laurentian University in Sudbury, Ontario, and has been professional geologist for over 35 years. Mr. Filo is President of Filo Exploration Services Limited, a private geological consulting firm, established in 1983. Over the last fifteen years Mr. Filo also acted as President and Vice President of a number of successful private exploration project generator companies. From December 2018 until April 2022 Mr. Filo was VP Corporate Development for Pelangio Exploration and prior to this he was part of the Pelangio Mines Inc. acquisition team that acquired the former Placer Dome Canada Detour Lake Mine on Pelangio’s behalf. This project eventually became an established Canadian gold producer now operated by Agnico Eagle Mines.

 

The Company also wishes to announce the Company has issued a total of 15,000,000 restricted share units (the “RSUs”) to certain officers and directors and advisors of the Company in accordance with the Company’s Long Term Incentive Plan. Each RSU entitles the holder to acquire one Common Share on vesting. The RSUs will vest fully on the one-year anniversary of the grant date.

   

Errol Farr, Loyalist’s President & Chief Executive Officer, commented, “Loyalist is very excited that that Michael Cachia has agreed to join the Board and that Kevin will join the Advisory Committee. I have known Michael for a number of years and his dedication and tireless work ethic have been an inspiration. Kevin’s historical experience with our Tully property and the Timmins district, will help guide the Company’s exploration and development strategy designed to enhance value for all Loyalist shareholders.”

 

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) have reviewed or accept responsibility for the adequacy or accuracy of this release.

 

About Loyalist Exploration Limited

Loyalist Exploration Limited is a mineral exploration company concentrating on acquiring, exploring, and developing quality mineral properties in Canada. The Company is currently focused on its “Buy Timmins” strategy, with the recent acquisitions of the Tully Gold property, the Loveland nickel/copper/gold property and the Gold Rush gold/silver property, all located in the Timmins, Ontario mining district. The Company expects to commence a significant permitting project at Tully and exploration activities on all three properties as well as expanding the Company’s Timmins based property portfolio.

 

For further information please visit the Company's website at loyalistexp.ca or contact:

Loyalist Exploration Limited

 

Errol Farr, President and CEO

Email: efarr001@icloud.com

Tel: 647-296-1270

 

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook and include statements regarding the proposed work on the projects. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES