Peloton Completes Maiden Drilling Program
PELOTON MINERALS CORPORATION
NEWS RELEASE
December 10, 2025 CSE SYMBOL: PMC
OTCQB Symbol: PMCCF
Peloton Completes the
Maiden Drilling Program at the
North Elko Lithium Project, Nevada
London, Ontario – Peloton Minerals Corporation (“ Peloton” or the “Company”) (CSE
Symbol: PMC; OTCQB Symbol: PMCCF) ) is pleased to announce the successful completion
of the maiden drilling program on the Company’s 100% owned North Elko Lithium Project
(NELP) located in northeastern Nevada.
The four-hole program, totaling 1,825 feet, successfully achieved all of its objectives: confirming
the near surface presence of clay or clay bearing material (“Clay Layers”) to a vertical depth of at
least 500 feet; confirming the presence of Clay Layers across a widespread area with drill spacing
measuring 7 by 3.5 kilometers in this program; providing data on the orientation and stratigraphy
of the Clay Layers; and obtaining samples to analyze for the presence of lithium or other critical
minerals.
Three of the holes were stopped at a vertical depth of 500 feet while still in clay bearing material.
One of the holes was stopped at 325 feet after intersecting underlying basement rocks. The four
holes were spaced about 7 kilometers (4.3 miles) apart on the NE-SW axis and about 3.5 kilometers
(2 miles) apart on the NW-SE axis. A map accompanies this release.
The samples from the drill holes will be submitted for multi -element assay analysis to determine
the presence of lithium as well as other elements. A split from each sample will also be subject to
X-Ray Diffraction (“XRD”) analysis to better understand the minerology, as well as to determine
whether zeolite minerals are present, which were noted in XRD analysis of surface samples. Assay
results are expected toward the end of January 2026 with XRD analysis t o be conducted over the
winter.
NELP is located immediately adjacent to a high-grade lithium deposit discovered in 2023 by Surge
Battery Metals in north-eastern Nevada. NELP is about 37 square kilometers (14.25 square miles)
in size and is 100% owned with no royalties outstanding. Peloton exploration work to date
comprises an airborne hyperspectral survey , airborne magnetics, radiometric and VLF -EM
surveys, geologic mapping, soil geochemistry over a 32 square kilometre grid, prospecting, XRD
analysis on over 1,000 surface samples, surface tTEM geophysics, and four initial drill holes.
Peloton holds two drilling permits over NELP and presently has 24 drill pad locations permitted
for follow-on programs. All drill pads are located beside existing roads to minimize environmental
disturbance, and more drill pads could be added as programs proceed.
Peloton President and CEO Edward (Ted) Ellwood commented, “The drill program ran about as
efficiently as could be to the credit of our field team. It is exciting to reach the drilling stage and
to complete this milestone.
Map Showing Approximate Drill Locations (stars), the Claim Block Outline
(purple) and Various Roads Traversing the Property (blue).
* Stars are Not to Scale
Drill Photos:
A photo gall ery of recent drilling has been added to the 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 NI 43-101 that has approved the technical
information contained within this release. Dr. Capps is the Company’s Senior Geologist and a
Director.
Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British
Columbia and Ontario whose common shares are listed on the CSE (Symbol: PMC) and trade in
the U.S. on the OTC QB (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, Montana.
CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -
looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information
are identified with words such as "anticipate", "believe", "estimate ”, "expect", “foresee”, "intend", “looking”, “plan”, "potential",
"propose", "project",” suggests”, "outlook" or similar words suggesting future outcomes or statements regarding an outlook.
Such statements include, among others, those concerning the Company’s plans to conduct future exploration programs. Such forward-
looking information or statements are based on several risks, uncertainties, and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding,
among other things, management's expectations regarding its ability to initiate and complete future exploration work as expected .
Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the
Company’s future exploration work; technical, safety or regulatory issues; availability of capital; changes in general economic
conditions and financial markets; the imposition of government restrictions on business which may ultimately affect and delay the
exploration timeline; and changes in prices for metals that the Company is exploring for.
Although the Company believes that the expectations reflected in the forward -looking information or statements are reasonable ,
prospective investors in the Company’s securities should not place undue reliance on forward -looking statements because the
Company can provide no assurance that such expectations will prove to be correct. Forward -looking information and statements
contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise
this forward-looking information and statements except as required by law.