Mr. Edward Ellwood reports

PELOTON STAKES 222 NEW MINERAL CLAIMS ADDING TO LITHIUM PROJECT IN NE NEVADA

Peloton Minerals Corp. has staked 222 new mineral claims in the vicinity of the company's Golden Trail, Emigrant Springs and Texas Canyon claim blocks in northeastern Nevada.

When the newly staked claims are filed and recorded with the appropriate agencies, the company's ground position in the area will total 408 claims or about 8,160 acres. Going forward, the company plans to refer to all of these claim blocks as the North Elko lithium project.

The company is planning a number of ground exploration programs and drilling. The company has retained IBK Capital Corp. of Toronto to source lithium exploration capital.

Richard C. Capps, PhD, is the qualified person responsible for approving the technical information contained within this release.

Peloton is a reporting issuer in good standing in the provinces of Ontario and British Columbia, whose common shares are listed on the Canadian Securities Exchange (symbol: PMC) and trade in the United States on the OTCQB (symbol: PMCCF). There are 123,099,458 common shares issued and outstanding in the capital of the company.

Peloton's exploration portfolio includes the North Elko lithium project, a gold exploration project on the Carlin trend, Nevada, a past-producing gold project in Montana under option to a joint venture partner, and a non-controlling interest in a copper porphyry project near Butte, Mont.

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