Ms. Chelsea Hayes reports

NORTH PEAK ANNOUNCES CEO TRANSITION

North Peak Resources Ltd. has appointed Rupert Williams as chief executive officer and as a director of the company. Brian Hinchcliffe, who had been acting as the company's CEO, will remain as the company's executive chairman and on the board of directors of the company.

Mr. Williams is a financier and, since 2015, has been a director of Smaller Company Capital Ltd. In the past 15 years, Mr. Williams has been instrumental in raising more than 500 million pounds sterling in capital for mining companies and managing key corporate clients. He co-founded Ocean Equities in 2003 to take advantage of rising commodity prices. Mr. William's role at Ocean Equities was to bring in corporate clients and organize fundraisings, both primary and secondary. There, he led a sales team of six with the support of four research analysts concentrating efforts on junior and mid-capitalization mining companies.

"Following our successful drilling campaign at Prospect Mountain last year, we have exciting plans for 2025, and, by welcoming Rupert Williams, with his strong financing experience, management is well positioned to drive the company forward," commented Mr. Hinchcliffe.

"Having been involved in earlier financings for North Peak and as a shareholder, I am excited to join the team," said Mr. Williams. "The board and I would like to thank Brian for leading the company through the early stages of acquiring the Prospect Mountain asset and setting the company up for the next stage of development."

About North Peak Resources Ltd.

The company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol NPR. The company holds an initial 80-per-cent interest in the Prospect Mountain mine complex in Eureka, Nev. (see the company's May 4 and May 23, 2023, and Aug. 25, 2023, press releases).

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