PNGC.CN · 2024-04-12 12:00:00

Loyalist Exploration Limited Announces Proposed Private Placement

Financings

Loyalist Exploration Limited

NEWS RELEASE

Toronto, Ontario - (TheNewswire – April 12, 2024) - Loyalist Exploration Limited

(CSE: PNGC) ("Loyalist" or the "Company") is pleased to announce a proposed non-

brokered private placement financing of up to 15,000,000 common shares (the “Shares”) of the

Company at a price of $0.01 per Share for proceeds of up to $150,000 (the “Offering”). The

proceeds of the Offering will be used for working capital and general and administrative

purposes.

In connection with the Offering, the Company may pay finder’s fees equal to 7% of the gross

proceeds in cash and issue non-transferable warrants (the “Finder Warrants”) to various

registered dealers or finders, equal to 7% of the Shares sold through such registered dealers or

finders in the Offering. Each Finder Warrant will entitle the holder thereof to purchase one (1)

Loyalist common share at a price of $0.05 per share for a period of thirty-six (36) months from

the closing date of the offering.

The Private Placement will be conducted in reliance upon certain prospectus exemptions.

The Shares issued in connection with the Private Placement are subject to a hold period expiring

four months and one day from the issuance of the securities.

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

Tel: 647-296-1270

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.

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.

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.