Loyalist Exploration Announces Letter of Intent to Amalgamate to Acquire Newfoundland Properties and Proposed Private Placement

Toronto, Ontario - TheNewswire – June 5, 2024 - Loyalist Exploration Limited (CSE: PNGC) ("Loyalist" or the "Company") announces that on June 4, 2024, it signed a Letter of Intent (the “LOI”) to amalgamate (the “Amalgamation”) with Millbrook Minerals Inc. (“Millbrook”), a private company incorporated under the Canada Business Corporations Act, and its intention to complete an initial private placement of up to $350,000 (the “Offering”). Millbrook is the 100% owner of three mining…