PNGC.CN · 2023-10-16 12:00:00

PNG Copper Inc. Changes Name to Loyalist Exploration Limited

Corporate Actions

PNG COPPER INC.

NEWS RELEASE

Toronto, Ontario--(TheNewswire – October 16, 2023) - PNG COPPER INC. (CSE: PNGC)

("PNGC" or the "Company") The Company filed articles of amendment to change its name to

Loyalist Exploration Limited and will commence trading on the CSE under its new name on

October 19, 2023. It will retain the trading symbol " PNGC". Its new CUSIP number is

54900M109.

There is no change in the share capital structure, just the change of name which was

overwhelmingly approved by the shareholders at the recent annual meeting of shareholders. The

purpose of the name change is to adopt a name that is not tied to a specific geographic area, and

one that better lends itself to branding as the company enters a new phase of focus.

About PNG Copper Inc.

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 f or 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

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.