Loyalist Exploration Limited announced the appointment of Errol Farr, CPA, CMA as CEO. Mr. Farr is a seasoned financial and mining professional with over 35 years of experience in financial management, operations, business optimization and strategy development. He is the former CFO of MagIndustries Inc., where he led its finance department and the development of its 68,000-hectare forestry operation.

He is the former CEO of Adex Mining Inc., where he led the exploration and development plans at the Mount Pleasant, tin, indium, zinc, tungsten and molybdenum project, including the prefeasibility studies and metallurgical work. He is the former CFO of Anaconda Mining Inc., a gold producer in Newfoundland, Canada, which successfully operated an open pit mining operation during his 5 year tenure. He is currently Corporate Secretary of Spruce Ridge Resources Ltd., a mining exploration company with projects in Oregon and Newfoundland.

John O'Donnell will move from Interim CEO to Chairman of the Board of Directors.