Loyalist Exploration Engages P&E Mining Consultants for Tully Gold Project

Toronto, Ontario — April 16, 2026 — Leads & Copy — Loyalist Exploration Limited (CSE: PNGC) has entered into a professional services agreement with P&E Mining Consultants Inc. to advance the Tully Gold Project, located approximately 25 km northeast of Timmins in the Timmins-Porcupine Gold Camp.

Under the agreement, P&E will deliver a phased scope of work consisting of an internal mineral resource estimate (Phase 1), a NI 43-101 compliant external mineral resource estimate (Phase 2), and a preliminary economic assessment (PEA) technical report (Phase 3).

Loyalist has completed its internal work preparing for the engagement, including reviewing the exploration database, block model, creating level plans, and developing preliminary mine planning concepts. This work supports Loyalist’s “Buy Timmins, Mine Timmins” strategy, which focuses on consolidating and advancing assets in the Timmins Mining District toward development and production.

Eugene Puritch, President of P&E Mining Consultants Inc., will lead the engagement as a Qualified Person under National Instrument 43-101.

Errol Farr, President and CEO of Loyalist, said the company is excited to partner with P&E to advance the Tully Gold Project. He added that by completing an updated Mineral Resource Estimate and PEA, Loyalist aims to better define the economic potential of this high-grade gold asset and unlock value for shareholders as it progresses permitting and exploration activities in the Timmins camp.

The engagement is structured in phases, with Loyalist providing approval to proceed to each subsequent phase based on results and corporate priorities.

The Tully Gold Project comprises a 458-hectare mining lease located in a mining district with infrastructure. It hosts a historical mineral resource estimate of 107,000 ounces of gold (capped), comprising 358,000 tonnes grading 6.56 g/t Au (indicated) for 76,000 oz Au and 184,000 tonnes grading 5.17 g/t Au (inferred) for 31,000 oz Au, as estimated by Francis Minerals Ltd. and dated December 15, 2013. The estimate is not NI 43-101 compliant and has not been verified by a Qualified Person. The project features high-grade gold drill intersections and is advancing toward permitting, with additional exploration planned for 2026.

Loyalist is focused on acquiring, exploring, and developing mineral properties in Canada. The company’s strategy includes the Tully Gold Property, the Loveland nickel-copper-gold property, the Gold Rush Gold-Silver Property, and the DeSantis Gold Property, all located in the Timmins, Ontario Mining District. The company has commenced a mining permit project at Tully and will commence exploration activities on all four properties, as well as expanding its Timmins-based property portfolio.

P&E is an independent consulting firm based in Brampton, Ontario, specializing in geological and mine engineering services.

Curtis Ferron, principal geology consultant for Loyalist, has reviewed and approved the technical content of this press release.

Source: Loyalist Exploration Limited