Mr. Rupert Williams reports

CIRCULATION EXPLORATION DRILLING PROGRAM AT PROSPECT MOUNTAIN, NEVADA

North Peak Resources Ltd. has released assay results from a systematic air-core drill program across the historic waste rock pile that sits in front of the Diamond mine portal at its Prospect Mountain mine complex.

North Peak undertook an 11-hole air-core drill program on the waste rock pile to better characterize the grade distribution. Although there were a number of historical metallurgical investigations from 2008 and 2010, this work had been done only on material derived from surface sampling of the waste rock pile. Surveys and bulk density measurements in the 2010 study indicated the waste rock pile contains approximately 240,000 short tons of material (see technical report filed on SEDAR+, as described below).

Air-core samples were taken in predominantly five-foot intervals from vertical holes, with the deepest waste rock pile sample being 61 feet from surface. A best assay of 2.34 grams per tonne gold and 68 grams per tonne silver was reported in hole PM25-001S from zero to five feet. Weighted average values for each hole are presented in Table 1, ranging from 1.28 g/t Au and 34 g/t Ag over 10 feet (3.048 metres) in PM25-007S to 0.24 g/t Au and 18.8 g/t Ag over 20 feet (6.097 metres) in PM25-002S. No holes were unmineralized.

"The air-core sampling program has demonstrated that the waste rock pile is mineralized and the company will continue with the metallurgical test work on the bulk sample provided by the recent drilling, including bottle rolls and column leach tests to assess the suitability of the material for toll leaching with third party leach pad operators," commented Rupert Williams, chief executive officer. "The Prospect Mountain mine complex has a permit for 1,000-tonne-per-day underground mining and processing off site; however, the company needs to complete further work to fully outline the extraction and transportation process for this finite project.

"The company's main objective remains to identify economic quantities of gold mineralization within the Prospect Mountain property through a drilling discovery. We have recently finished our 2025 exploration drilling program with 14 holes completed for a total of 4,194 metres (13,760 feet), focusing on four accessible areas and expect assays in Q1 2026. Next year, our proposed exploration program will build on this drill campaign as well as continue to test new cross-fault structures that are believed to drive the mineralization within the Eureka camp," added Mr. Williams.

Review by qualified person, quality control and reports

David Pym, CGeol, consulting geologist for the company, is the qualified person, as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, who reviewed and approved scientific and technical disclosure in this press release. The qualified person has not reviewed the mineral tenure nor independently verified the legal status and ownership of the property or any underlying property agreements.

Drilling and sampling: Drilling was carried out using a track-mounted sonic drilling unit for use in unconsolidated material. Samples were decanted into plastic sleeves and sent to McClelland Laboratories Inc., located at 1016 Greg St., Sparks, Nev., 89431, an independent certified laboratory. Quality assurance/quality control procedures included the insertion of blanks, duplicates and certified reference materials.

Samples are dried crushed and pulverized and assayed for gold using a 30-gram fire assay with an AAS finish and silver using a four-acid digest and AAS. Overlimit samples for gold and silver are automatically reassayed by suitable methods. The samples will be kept for further metallurgical test work on their leach characteristics.

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 and the OTCQB under the symbol NPRLF. Launched by the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong record of acquiring mining assets, applying modern exploration techniques and taking them into operational mines.

North Peak's flagship property is the Prospect Mountain mine complex, which lies in the Battle Mountain-Eureka trend, in an area known as the southern Eureka gold belt, where three styles of mineralization have been identified: gold/silver Carlin-style mineralization, carbonate replacement gold/silver/lead/zinc mineralization (CRD) and carbonate-hosted porphyry-related skarn lead/zinc/gold mineralization associated with cretaceous intrusions. At the property, the CRD mineralization is heavily oxidized to depths of at least 610 metres (2,000 feet) below the top of the ridge line.

A plan of operations is in place, which covers part of the property and entitles an operator to pursue surface exploration (totalling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works. A more complete description of the property's geology and mineralization, including at the Wabash area, can be found in the NI 43-101 technical report on the Prospect Mountain property, Eureka county, Nevada, United States, dated and with an effective date April 10, 2023, prepared by David Pym, MSc, CGeol, of LTI Advisory Ltd. and Dr. Toby Strauss, CGeol, EurGeol, of Merlyn Consulting Ltd., which has been filed on SEDAR+ under the profile of the company and on the company's website.

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