Mr. Edward Ellwood reports

GRANT OF OPTIONS

Peloton Minerals Corp. has granted a total of 500,000 incentive stock options to a director of the company. These options are exercisable over five years at an exercise price of 11 cents.

Peloton Minerals 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 Minerals' 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.