Mr. Edward Ellwood reports

GRANT OF OPTIONS

Peloton Minerals Corp. has granted a total of 600,000 incentive stock options to consultants of the company. The options are exercisable over three years at an exercise price of nine cents.

About Peloton Minerals Corp.

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 137,265,371 common shares issued and outstanding in the capital of the company.

Peloton's exploration portfolio includes the North Elko lithium project in Elko county, Nevada, a gold exploration project on the Carlin trend, Nevada, and a non-controlling interest in a copper porphyry project near Butte, Mon.