Peloton Commences the Maiden Drilling Program at the North Elko Lithium Project, Nevada

(TheNewswire)

November 18, 2025 – TheNewswire - London, Ontario – Peloton MineralsCorporation (“Peloton” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol:PMCCF)) is pleased to announce that the maiden drilling programhas commenced on the Company’s North Elko Lithium Project (NELP)located in northeastern Nevada.

The exploration drilling targets subsurface lithium-bearing claystonelayers and potentially other critical minerals. The overall targetarea is about 30 square kilometers (11.5 square miles) in dimensionand has been identified through a series of systematic surfaceexploration programs conducted over the past two field seasons.

Four widely spaced holes will be drilled in this initial program to adepth of about 500 feet each, to test the orientation, stratigraphyand potential mineralization contained within clay layers at the fourdrill locations. The four holes will be spaced about 7 kilometers (4.3miles) apart on the NE-SW axis and about 3.5 kilometers (2 miles)apart on the NW-SE axis.  A map accompanies this release showing theapproximate drill hole locations.  Drilling is expected to take aboutthree weeks and assays will take about another six weeks afterdrilling is complete.

Peloton holds two drilling permits over the property and presently has24 drill pad locations permitted for follow-on programs. All drillpads are located beside existing roads to minimize environmentaldisturbance, and more drill pads could be added as programs proceed.

NELP is located immediately adjacent to a high-grade lithium depositdiscovered in 2023 by Surge Battery Metals in north-eastern Nevada.NELP is about 37 square kilometers (14.25 square miles) in size and is100% owned with no royalties outstanding. Peloton exploration work todate is comprised of an airborne hyperspectral survey, airbornemagnetics, radiometric and VLF-EM surveys, geologic mapping, soilgeochemistry over a 32 square kilometre grid, prospecting, XRDanalysis on over 1,000 surface samples, and surface tTEM geophysics.

Peloton President and CEO Edward (Ted) Ellwood commented , “We are pleased to reach the initialdrilling stage after extensive surface work, and are excited aboutgetting the drilling program underway”

Map Showing Approximate DrillLocations (stars), the Claim Block Outline (purple) and Various RoadsTraversing the Property (blue).

* Stars are Not to Scale

Click Image To View Full Size

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-697-2313

Richard C. Capps, PhD, is the qualified person under NI43-101 that has approved the technical information contained withinthis release. Dr. Capps is the Company’s Senior Geologist and aDirector.

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 150,228,177 commonshares issued and outstanding in the capital of the Company.

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 and Independence Valley Carlinstyle gold projects in northeastern Nevada, and a non-controllinginterest in a copper porphyry project near Butte, 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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