Loyalist Exploration Amends terms Loveland Acquisition
Loyalist Exploration Amends terms Loveland Acquisition
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.
NEWS AGENCIES
Toronto, Ontario – TheNewswire – June 2, 2025 – Loyalist Exploration Limited. (CSE: PNGC)
(“Loyalist” or the “Company”) is pleased to provide the following corporate update.
The Loveland Project
The Company wishes to announce that the closing date of definitive agreement (the “Agreement”) between
STLLR Gold Inc. and the Company has been extended to June 30, 2025. In consideration for the extension,
the Company has agreed to increase the number of shares issuable on closing of the Agreement from 9 to
million issuable if closing occurs on or before June 15, 2025 and 10 million if the closing occurs between
June 16, 2025 and June 30, 2025. All other terms remain the same (see press release dated February 27,
2025).
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 focused on acquiring, exploring, and
developing quality mineral properties in Canada.
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 forwa rd-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those
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, statements, 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,
the Option of the Gold Rush Property; the acquisition of the Loveland Project, the Notes, 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 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.