Russell Fromm Announces Filing of Early Waring Report Related to Acquisition of Common Shares of Loyalist Exploration Limited

PRESS RELEASE

Russell Fromm Announces Filing of Early Waring Report Related to Acquisition of Common

Shares of Loyalist Exploration Limited

Timmins, Ontario – July 23, 2025 – Russell Fromm (the “Acquiror”) announces that he has filed an early

warning report (the “Report”) announcing the acquisition (the “Acquisition”) of an aggregate of 5,9443,000

(the “Acquired Securities”) in the capital of Loyalist Exploration Limited (the “Issuer”) on the facilities of the

Canadian Securities Exchange. Prior to the Acquisition, the Acquiror beneficially owned or controlled, directly

or indirectly, an aggregate of 24,175,000 Shares and 12,200,000 Share purchase warrants (“ Warrants”), of

which 11,500,000 Warrants are subject to a provision whereby the holder may not exercise such Warrants if

such exercise would result in the holder beneficially owning or controlling, directly or indirectly, an aggregate

of 10% or more of the issued and outstanding common shares of the Issuer on a non-diluted or partially diluted

basis, representing approximately 9.18% of the Issuer’s issued and outstanding Common Shares on an undiluted

basis and approximately 9.42% of the Issuer’s issued and outstanding on a partially diluted basis. Following the

Acquisition, the Acquiror beneficially owns or controls, directly or indirectly, an aggregate of 30,118,000

Shares and 12,200,000 Warrants, representing approximately 11.44% of the Issuer’s issued and outstanding

Common Shares on an undiluted basis and approximately 11.67% of the Issuer’s issued and outstanding on a

partially diluted basis.

The Acquired Securities were acquired for investment purposes. Depending on market and other conditions, Mr.

Fromm may from time to time in the future increase or decrease their ownership, control or direction over

securities of the Issuer, through market transactions, private agreements, or otherwise.

In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National

Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an

early warning report respecting the acquisition of securities by the Acquiror will be filed under the Issuer’s

SEDAR+ Profile at www.sedarplus.ca.