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

(TheNewswire)

December 10, 2025 – TheNewswire - London, Ontario – Peloton MineralsCorporation (“Peloton” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol:PMCCF)) is pleased to announce the successful completion of themaiden drilling program on the Company’s 100% owned North ElkoLithium Project (NELP) located in northeastern Nevada.

The four-hole program, totaling 1,825 feet, successfully achieved allof its objectives: confirming the near surface presence of clay orclay bearing material (“Clay Layers”) to a vertical depth of atleast 500 feet; confirming the presence of Clay Layers across awidespread area with drill spacing measuring 7 by 3.5 kilometers inthis program; providing data on the orientation and stratigraphy ofthe Clay Layers; and obtaining samples to analyze for the presence oflithium or other critical minerals.

Three of the holes were stopped at a vertical depth of 500 feet whilestill in clay bearing material. One of the holes was stopped at 325feet after intersecting underlying basement rocks. The four holes werespaced about 7 kilometers (4.3 miles) apart on the NE-SW axis andabout 3.5 kilometers (2 miles) apart on the NW-SE axis. A mapaccompanies this release.

The samples from the drill holes will be submitted for multi-elementassay analysis to determine the presence of lithium as well as otherelements. A split from each sample will also be subject to X-RayDiffraction (“XRD”) analysis to better understand the minerology,as well as to determine whether zeolite minerals are present, whichwere noted in XRD analysis of surface samples.  Assay results areexpected toward the end of January 2026 with XRD analysis to beconducted over the winter.

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 comprises an airborne hyperspectral survey, airborne magnetics,radiometric and VLF-EM surveys, geologic mapping, soil geochemistryover a 32 square kilometre grid, prospecting, XRD analysis on over1,000 surface samples, surface tTEM geophysics, and four initial drillholes.

Peloton holds two drilling permits over NELP and presently has 24drill pad locations permitted for follow-on programs. All drill padsare located beside existing roads to minimize environmentaldisturbance, and more drill pads could be added as programs proceed.

Peloton President and CEO Edward (Ted) Ellwood commented , “The drill program ran about asefficiently as could be to the credit of our field team. It isexciting to reach the drilling stage and to complete thismilestone.

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

Drill Photos:

A photo gallery of recent drilling has been added tothe bottom of the NELP page on the Company’s website at: https://pelotonminerals.com/projects/north-elko-lithium-project

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 the NorthElko Lithium Project in northeastern Nevada which is prospective forlithium, uranium, critical and rare earth minerals, as well the GoldenTrail and Independence Valley Carlin style gold projects innortheastern Nevada, and a non-controlling interest in a copperporphyry 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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