Mr. Rupert Williams reports

NORTH PEAK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

North Peak Resources Ltd. intends to complete a non-brokered private placement of up to 10 million equity units of the company at a price of 60 cents per unit for gross proceeds of up to $6-million. The company has the option to increase the size of the private placement by up to an additional 1.5 million units, for total gross proceeds of up to $6.9-million.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant will entitle the holder to acquire one common share for a period of 18 months from the date of issuance of the warrant (subject to acceleration) at an exercise price of 90 cents per share.

The warrants will be subject to an acceleration provision: if the common shares trade at or above a volume-weighted average price of $1.50 for a period of 20 consecutive trading days, the company will have the right to accelerate the expiry date of all or part of the outstanding warrants issued pursuant to the private placement to a date that is 30 days from the notice of such acceleration that is provided by way of press release by the company.

The company intends to use the proceeds from the private placement to continue to explore and develop its mining assets, for the continued development of its business, and for general and administrative expenses.

The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.

The company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to the approval of the exchange and compliance with applicable securities laws.

About North Peak Resources Ltd.

The company is a Canadian-based gold exploration and development company. The company is focused on acquiring historical sites with low-cost producing gold and other metals properties with near-term production potential and a greater-than-eight-year mine life in the Northern Hemisphere.

The company has acquired 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).

We seek Safe Harbor.