Loyalist files 1.62 MT indicated at 3.16 g/t Au at Tully Gold Project

Toronto, Ontario – August 21, 2026 - TheNewswire – Loyalist Exploration Limited (“Loyalist” or the “Company”) (CSE: PNGC) is pleased to announce that the independent Technical Report (the “Technical Report”) supporting the 2026 Mineral Resource Estimate (“MRE”) for its 100%-owned Tully Gold Project (“Tully” or the “Project”), located in the prolific Timmins Gold Camp of northeastern Ontario, has now been filed on the Company’s SEDAR+ profile.

The Technical Report, which supports the 2026 MRE for the Project, is entitled “NI 43-101 Technical Report and Mineral Resource Estimate, Tully Gold Project, Timmins, Ontario, Canada” and was prepared by Charles Spath, M.Sc., P.Geo., and Eugene Puritch, P.Eng., FEC, CET, of P&E Mining Consultants Inc. (“P&E”), each of whom is an independent Qualified Person as defined by NI 43-101. The Technical Report has an effective date of June 15, 2026 and a report date of August 21, 2026, and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the CIM Definition Standards for Mineral Resources and Mineral Reserves.

On July 7, 2026, Loyalist announced a 2026 Mineral Resource Estimate for the 100%-owned Tully Gold Project, prepared independently by P&E Mining Consultants Inc. in accordance with NI 43-101 and CIM standards. The MRE, effective June 15, 2026, establishes a 164,000 ounce Indicated Mineral Resource (1.62 Mt at 3.16 g/t Au) and a 62,000 ounce Inferred Mineral Resource (0.95 Mt at 2.03 g/t Au). Approximately 73% of the contained gold is classified as Indicated, representing a significant increase in geological confidence.

Table 1. 2026 Tully Gold Project Mineral Resource Estimate with an effective date of June 15, 2026