PNGC.CN · 2025-12-17 12:00:00

Loyalist Exploration Welcomes David Drinkwater as New Director

Management Changes

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.

NEWS AGENCIES

Toronto, Ontario – TheNewswire – December 17, 2025 – Loyalist Exploration Limited (CSE:PNGC)

(“Loyalist” or the “Company”) is pleased to announce the appointment of David Drinkwater as director of

the Company effective today. The Company also wishes to announce that Stephen Balch has stepped

down as a director, but will join the Advisory Committee as a valued contributor.

David Drinkwater has extensive business and legal experience across many industries with a broad focus

including corporate finance and mergers and acquisitions and acting as a board member of various public

companies. He was Chairman of Loyalist from June 2019 to December 2023.

Errol Farr, Loyalist’s President & Chief Executive Officer, commented, “Loyalist is very excited that David

has agreed to come back to the board of Loyalist. His Blue-Chip resume, connections to the town of

Timmins and extensive business and legal experience are the ideal assets Loyalist is looking for. I would

like to thank Stephen Balch for his contributions to Loyalist over the years. Without his presence we would

not be here today. Stephen has expressed a desire to step back due to his many other commitments. I look

forward to working with David on the board and having Steve as a mentor going forward”.

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 its “Buy Timmins”

strategy, with the recent acquisitions of the Tully gold property, the Loveland nickel/copper/gold property

and the Gold Rush gold/silver property, and the DeSantis gold property, all located in the Timmins, Ontario

mining district. The Company expects to commence a significant mining permit project at Tully and

exploration activities on all four properties as well as expanding the Company’s Timmins based property

portfolio.

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

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 info rmation 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 and include

statements regarding the proposed work on the projects. 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.