Peloton Minerals Closes Private Placement for Lithium Exploration

London, Ontario — December 31, 2025 — Leads & Copy — Peloton Minerals Corporation (CSE: PMC; OTCQB: PMCCF) has completed a non-brokered private placement financing, announced on November 21, 2025.

The company received $134,100.00 from 1,490,000 units priced at CDN$0.09 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12.

Peloton paid fees equal to eight percent of the funds raised and issued ten percent of the units issued in the form of broker warrants exercisable into a unit of the offering at the offering price for sixty months.

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

The proceeds from the private placement will be allocated to lithium exploration in northern Nevada and for general working capital purposes. Peloton concluded the maiden drilling program on its North Elko Lithium Project in November-December 2025, as announced December 10, 2025, and anticipates results toward the end of January 2026.

The private placement was executed in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (excluding Newfoundland and Labrador). It also utilized other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of company directors and officers. The company set November 21, 2025, as the record date for determining existing shareholders entitled to purchase shares under the Existing Shareholder Exemption.

Securities issued related to the private placement are subject to a hold period expiring four months and one day from the issuance date.

Edward (Ted) Ellwood, MBA President & CEO 1-519-697-2313

Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British Columbia and Ontario. Its common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF). The company has 151,718,177 common shares issued and outstanding, including the second tranche of the placement described above.

Peloton’s exploration portfolio includes a 100% interest in the North Elko Lithium Project in northeastern Nevada, which is prospective for lithium, uranium, critical and rare earth minerals, as well as 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, Montana.

Source: Peloton Minerals Corporation