Loyalist Exploration Announces New Director
Loyalist Exploration Announces New Director
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S.
NEWS AGENCIES
Toronto, Ontario – TheNewswire – May 29, 2025 – Loyalist Exploration Limited (CSE:PNGC)
(“Loyalist” or the “Company”) is pleased to announce the appointment of Bob Bresee as director of the
Company effective today and the resignation of Birks Bovaird, who will join the Company’s Advisory
Committee.
Bob Bresee, C.E.T. is the CEO of Voltage Metals Inc, a Certified Engineering Technologist, and graduate
of the Haileybury School of Mines, and has 45 years in the mining business and a long time resident of
Timmins Ontario. Bob’s experience includes project operating/management, engineering - specializing in
junior mining operations, project evaluation, project budgeting/mine planning/cost control. Experienced in
narrow vein mining and the permitting process in Ontario. Bob is the former project manager on the
Company’s prospective Tully project.
Birks served as a director of Loyalist only for a short time and was required to deboard from Loyalist due to
a conflict his other board seats, Birks has agreed to join the Company’s newly formed Advisory Committee
going forward.
Errol Farr, Loyalist’s President & Chief Executive Officer, commented, “Loyalist is very excited that Bob
Bresee has agreed to join the Board and that Birks will stay on with the Company. Bob’s historical
experience with our Tully property and the Timmins district, will help guide the Company’s exploration and
development strategy designed to enhance value for all Loyalist shareholders.”
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 completing the
acquisition of the Loveland nickel/copper/gold property and the Gold Rush gold/silver property, both located
in the Timmins, Ontario mining district.
For further information please visit the Company's website at loyalistexp.ca or contact:
Loyalist Exploration Limited
Errol Farr, President and CEO
Email: [email protected]
Tel: 647-296-1270
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward -looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified
by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to the Company, the Company provides no
assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forwa rd-
looking information could cause actual events, results, performance, prospects and opportunities to differ materially from th ose
expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, the Company’s completion of the acquisition of the Gold Rush and Loveland
properties, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans,
timing of the commencement of operations and estimates of market conditions, as well as the anticipated size of the Offering, the
Offering price, the anticipated closing date and the completion of the Offering, the anticipated use of the net proceeds from the Offering
and the receipt of all necessary approvals. Factors that could cause actual results to differ materially from such forward -looking
information include, but are not limited to the Company’s inability to complete the financings necessary to complete the acquisitions
of the Gold Rush and Loveland properties, the Company’s inability to complete the acquisitions of the Gold Rush and Loveland
properties on the timelines anticipated or at all, failure to identify mineral resources, failure to convert estimated mineral resources to
reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical
test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in com modity
prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as
announced or at all, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out
in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than as required by law.