Failure to Comply with This Restriction May Constitute a Violation of United States Securities Laws
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS
www.northpeakresources.com
TSX Venture: NPR
OTCQB: NPRLF
NORTH PEAK ANNOUNCES INITIAL $4.38 MILLION CLOSING FOR
PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT
Calgary, Canada March 16, 2026
North Peak Resources Ltd. (TSX Venture: NPR and OTCQB: NPRLF) (the “Company” or “North
Peak”) is pleased to announce the initial closing of its previously announced non -brokered private
placement for aggregate gross proceeds of C$ 4,380,000 (the “Private Placement”). In connection
with this closing of the Private Placement, on March 13, 2026, 4,380,000 equity units of the Company
(“Units”) were issued at a price of C$1.00 per Unit.
Each Unit is comprised of one (1) common share of the Company (“Common Share”) and one-half
of one (1/2) Common Share purchase warrant of the Company (a “ Warrant”). Each whole Warrant
will entitle the holder to acquire one (1) Common Share for a period of 1 2 months from the date of
issuance of the Warrant (subject to acceleration) (the “Expiry Date”), at an exercise price of C$1.50
per share.
The Warrants are subject to an acceleration provision whereby, if the Common Shares trade at or
above a volume-weighted average price of C$2.00 for a period of 20 consecutive trading days, the
Company will have the right to accelerate the Expiry Date of all or part of the outstanding Warrants
issued pursuant to the Private Placement to a date that is 30 days from the notice of such acceleration
that is provided by way of press release by the Company.
The Company intends to use the proceeds from the Private Placement to continue to progress drilling
at its flagship property Prospect Mountain as it seeks to prove its potential, located in the heart of the
historic gold and polymetallic mining camp of Eureka , Nevada, the continued development of its
business and for general and administrative expenses.
The securities issued in connection with the Private Placement are subject to a four-month hold period,
in accordance with applicable securities laws.
Subject to the final review by the TSX Venture Exchange and in connection with the Private Placement,
the Company has agreed to pay cash finder’s fees ( 6%) to each of the following in respect of the
aggregate sales to subscribers under the Private Placement that were introduced by them: (i)
Haywood Securities Inc. (C$36,000); (ii) Canaccord Genuity Corp. (C$ 29,700); (iii) Integral Wealth
Securities Limited (C$24,000); (iv) Red Cloud Securities Inc. (C$13,800); and (v) Research Capital
Corporation (C$1,500).
In addition, the Company has agreed to issue finder’s warrants (6%) to each of the following in respect
of the number of Units sold by the Company under the Private Placement that were introduced by
them: (i) Haywood Securities Inc. (warrants to purchase 36,000 Common Shares); (ii) Canaccord
Genuity Corp. (warrants to purchase 29,700 Common Shares); (iii) Integral Wealth Securities Limited
(warrants to purchase 24,000 Common Shares); (iv) Red Cloud Securities Inc. (warrants to purchase
13,800 Common Shares); and (v) Research Capital Corporation (warrants to purchase 1,500 Common
Shares). These warrants are non-transferable, have an exercise price of C$1.00 per share and expire
12 months from the date of issuance (subject to acceleration).
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About North Peak Resources
The Company is a Canadian based gold exploration and development company listed on the TSX
Venture Exchange under the symbol “NPR” and the OTCQB under the symbol “NPRLF”. Launched by
the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong track
record of acquiring mining assets, applying modern exploration techniques and taking them into
operational mines.
North Peak’s flagship property is the Prospect Mountain Mine complex (the “Property”) which lies in
the Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt, where three
styles of mineralization have been identified, gold, silver Carlin style mineralization, Carbonate
Replacement gold, silver, lead, zinc mineralization (CRD) and carbonate hosted Porphyry Related
Skarn lead, zinc and gold mineralization associated with cretaceous intrusions. At the Property, the
CRD mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge
line.
A Plan of Operations is in place which covers part of the Property and entitles an operator to pursue
surface exploration (totaling 189 acres), underground mining of up to 365,000 tons per annum and
certain infrastructural works. A more complete description of the Property ’s geology and
mineralization, including at the Wabash area, can be found in the NI 43-101 Technical Report on the
Prospect Mountain Property, Eureka County, Nevada, USA dated and with an effective date April 10,
2023, prepared by David Pym (Msc), CGeol. of LTI Advisory Ltd. and Dr Toby Strauss, CGeol,
EurGeol., of Merlyn Consulting Ltd., which has been filed on SEDAR+ at www.sedarplus.ca under the
profile of the Company and on the Company’s website.
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: [email protected]
Website: www.northpeakresources.com
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
This press release is not an offer of the Company’s securities for sale in the United States. The
Company’s securities may not be offered or sold in the United States absent registration or an
available exemption from the registration requirements of the U .S. Securities Act of 1933, as
amended (the “U.S. Securities Act”) and applicable U.S. state securities laws. The Company
will not make any public offering of its securities in the United States. The Company’s
securities have not been and will not be registered under the U.S. Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING STATEMENTS : This news
release includes certain "forward-looking statements" under applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to, statements with respect to completion of
the proposed Private Placement, the anticipated use of proceeds of the Private Placement, timing and
completion of any exploration on the Company’s properties, estimates of mineralization from drilling,
sampling and geophysical surveys, geological information projected from drilling and sampling results
and the potential quantities and grades of the target zones, the potential for minerals and/or mineral
resources and reserves, intentions, beliefs, and current expectations of the Prospect Mountain Mine
complex and the Company, including with respect to the future business activities and operating
performance of the Company that may be described herein . Forward-looking statements consist of
statements that are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such information can generally be identified by the use
of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and
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“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue
reliance on forward -looking statements, as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward -looking statements will not occur. These
assumptions, risks and uncertainties include, among other things, the state of the economy in general
and capital markets in particular, accuracy of assay results, geological interpretations from drilling
results, timing and amount of capital expenditures; performance of available laboratory and other
related services, future operating costs, and the historical basis for current estimates of potential
quantities and grades of target zones, as well as those risk factors discussed or referred to in the
Company's Management's Discussion and Analysis for the year ended December 31, 2024, and the
period ended September 30, 2025 available at www.sedarplus.ca, many of which are beyond the
control of the Company. Forward -looking statements contained in this press release are expressly
qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company disclaims any intention and assumes no obligation
to update or revise any forward -looking statements, whether as a result of new information, future
events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.