Peloton Closes Private Placement

(TheNewswire)

December 31, 2025 – TheNewswire - London, Ontario – Peloton MineralsCorporation (“Peloton” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol:PMCCF)) has closed a non-brokered private placement financingpreviously announced as planned on November 21, 2025. The Companyreceived $134,100.00 from 1,490,000 units priced atCDN$0.09 per unit. Each unit consists of one common share and onecommon share purchase warrant exercisable for three years at $0.12.The Company paid fees equal to eight percent of the funds raised andissued ten percent of the units issued in the form of broker warrantsexercisable into a unit of the offering at the offering price forsixty months.

This placement is the third tranche under the same pricing terms,bringing the total to $1,170,352.53.  Price protection on these termsexpires immediately after this closing.

The proceeds of the private placement will be usedfor lithium exploration in northern Nevada and working capital.Peloton completed the maiden drilling program on its 100% owned NorthElko Lithium Project in November-December, 2025, as announced December 10,2025, and expects results toward the end of January, 2026.

The private placement was conducted in reliance uponcertain prospectus exemptions, including theexemption allowing issuers to raise capital by distributing securitiesto existing shareholders (the “ExistingShareholder Exemption”) contained in OSC Rule45-501 (2.9) and the various correspondingblanket orders and rules of participating jurisdictions (with theexception of Newfoundland and Labrador) as wellas other available prospectus exemptions, including sales toaccredited investors and close personal friendsand business associates of directors and officers of the Company. TheCompany set November 21, 2025, as the record date for the purpose ofdetermining existing shareholders entitled topurchase Shares pursuant to the Existing Shareholder Exemption.

The securities issued in connection with the PrivatePlacement are subject to a hold period expiring four months and oneday from the issuance of the securities.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO       1-519-697-2313

Peloton Minerals Corporation is a reporting issuer in good standing inthe Provinces of British Columbia and Ontario whose common shares arelisted on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF). There are 151,718,177 commonshares issued and outstanding in the capital of the Company includingthe second tranche of the placement described above.

Peloton’s exploration portfolio includes a 100%interest in the North Elko Lithium Project in northeastern Nevadawhich is prospective for lithium, uranium, critical and rare earthminerals, as well the Golden Trail andIndependence Valley Carlin style gold projects in northeastern Nevada,and a non-controlling interest in a copper porphyry project nearButte, Montana.

CSE has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release.

This news releasecontains "forward-looking information" (within the meaningof applicable Canadian securities laws) and "forward-lookingstatements" (within the meaning of the U.S. Private SecuritiesLitigation Reform Act of 1995). Such statements or information areidentified with words such as "anticipate","believe", "estimate”, "expect",“foresee”, "intend", “looking”, “plan”,"potential", "propose", "project",”suggests”, "outlook" or similar words suggesting futureoutcomes or statements regarding an outlook.  

Such statementsinclude, among others, those concerning the Company’s plans toconduct future exploration programs. Such forward-lookinginformation or statements are based on several risks, uncertainties,and assumptions which may cause actual results or other expectationsto differ materially from those anticipated and which may prove to beincorrect. Assumptions have been made regarding, among other things,management's expectations regarding its ability to initiate andcomplete future exploration work as expected. Actual results coulddiffer materially due to a number of factors, including, withoutlimitation, operational risks in the completion of the Company’sfuture exploration work; technical, safety or regulatory issues;availability of capital; changes in general economic conditions and financial markets; theimposition of government restrictions on business which may ultimatelyaffect and delay the exploration timeline; and changes in prices formetals that the Company is exploring for.  

Although the Companybelieves that the expectations reflected in the forward-lookinginformation or statements are reasonable, prospective investors in theCompany’s securities should not place undue reliance onforward-looking statements because the Company can provide noassurance that such expectations will prove to be correct.Forward-looking information and statements contained in this newsrelease are as of the date of this news release and the Companyassumes no obligation to update or revise this forward-lookinginformation and statements except as required by law.

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