Loyalist Exploration Announces Resignation of Director
Loyalist Exploration Announces Resignation of Director
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.
NEWS AGENCIES
Toronto, Ontario – TheNewswire – March 20, 2025 – Loyalist Exploration Limited (CSE:PNGC)
(“Loyalist” or the “Company”) announces that John O’Donnell has resigned from the board of directors
and his position as Chairman of the Company to spend more time on his other businesses.
The Board of Directors would like to thank Mr. O’Donnell for his valuable contributions and wishes him
every success in his future endeavors.
The Board is currently evaluating alternatives with respect to appointing a new independent director to fill
the vacancy caused by Mr. O’Donnell’s resignation.
Errol Farr, Loyalist’s President & Chief Executive Officer, commented, “I have known John for the past five
years, and I will miss his significant contributions and sage advice over my service to Loyalist.”
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 completing the
acquisition of the Loveland nickel/copper/gold property and the Gold Rush gold/silver property, both located
in the Timmins, Ontario mining district.
For further information please visit the Company's website at loyalistexp.ca or contact:
Loyalist Exploration Limited
Errol Farr, President and CEO
Email: [email protected]
Tel: 647-296-1270
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward -looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified
by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to the Company, the Company pro vides no
assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially from th ose
expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, the Company’s completion of the acquisition of the Gold Rush and Loveland
properties, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans,
timing of the commencement of operations and estimates of market conditions, as well as the anticipated size of the Offering, the
Offering price, the anticipated closing date and the completion of the Offering, the anticipated use of the net proceeds from the Offering
and the receipt of all necessary approvals. Factors that could cause actual results to differ materially from such forward -looking
information include, but are not limited to the Company’s inability to complete the financings necessary to complete the acquisitions
of the Gold Rush and Loveland properties, the Company’s inability to complete the acquisitions of the Gold Rush and Loveland
properties on the timelines anticipated or at all, failure to identify mineral resources, failure to convert estimated mineral resources to
reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical
test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in com modity
prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as
announced or at all, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out
in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than as required by law.