Mr. Edward Ellwood reports

RE-GRANT OF EXPIRED OPTIONS

Peloton Minerals Corp. has regranted a total of 2.1 million incentive stock options to directors of the company to replace options that expired on Dec. 18, 2025. The options are exercisable over five years at an exercise price of 11.5 cents.

About Peloton Minerals Corp.

Peloton Minerals is a reporting issuer in good standing in the provinces of British Columbia and Ontario 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 150,228,177 common shares issued and outstanding in the capital of the company.

Peloton's exploration portfolio includes the North Elko lithium project in northeastern Nevada which is prospective for lithium, uranium, critical and rare-earth minerals, as well the Golden Trail and Independence Valley Carlin-style gold projects in northeastern Nevada, and a non-controlling interest in a copper porphyry project near Butte, Mon.