Loyalist Exploration Limited Announces Retirement of Chairman

Loyalist Exploration Limited

NEWS RELEASE

Loyalist Exploration Limited Announces Retirement of Chairman

Toronto, Ontario--(TheNewswire – January 2, 2024) - Loyalist Exploration Limited

(CSE: PNGC) ("Loyalist" or the "Company") wishes to announce that David Drinkwater, the

Chairman of the Board and a director of the Company has retired from his positions as Chair of the

Board and a director of the Company. Mr. Drinkwater said, “I have enjoyed my tenure , but it is time for

me to retire.” John F. O’Donnell, Interim Chief Executive Officer, thanked Mr. Drinkwater for his past

service to the Company and told him , “I have enjoyed our brief association and will miss your

steady hand at the helm” during the transition of the Company.

About Loyalist Exploration Limited

PNG Copper Inc. is a mineral exploration company focused on acquiring, exploring, and

developing quality mineral properties in Canada. The Company's core values are respect for the

Community, the Landowners, the environment and operating a safe workplace for its employees.

The Company is also committed to best practice standards of Corporate Governance.

For further information please visit the Company's website at pngcopper.ca or contact:

Loyalist Exploration Limited

John O’Donnell, Interim Chief Executive Officer

Email: [email protected]

Tel: 1 647-966-3100

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or

accuracy of this release.