North PEAK Confirms Historic Waste ROCK Pile Mineralisation with Sonic Drilling and Completion of 2025 Reverse Circulation Exploration Drilling Program at Prospect Mountain, Nevada Calgary, Canada December 19, 2025
NORTH PEAK CONFIRMS HISTORIC WASTE ROCK PILE
MINERALISATION WITH SONIC DRILLING AND COMPLETION
OF 2025 REVERSE CIRCULATION EXPLORATION DRILLING
PROGRAM AT PROSPECT MOUNTAIN, NEVADA
Calgary, Canada December 19, 2025
North Peak Resources Ltd. (TSX Venture: NPR and OTCQB: NPRLF ) (the “ Company” or “North
Peak”) announces assay results from a systematic aircore drill program across the historic waste rock pile
that sits in front of the Diamond Mine portal at its Prospect Mountain Mine complex (the “Property”).
North Peak undertook an 11-hole aircore drill program on the waste rock pile to better characterize the
grade distribution. Although there were a number of historical metallurgical investigations from 2008 &
2010 this work had been done only on material derived from surface sampling of the waste rock pile.
Surveys and bulk density measurements in the 2010 study indicated the waste rock pile contains
approximately 240,000 short tons of material (see Technical Report filed on SEDAR+, as described
below).
Aircore samples were taken in predominantly 5ft intervals from vertical holes, with the deepest waste
rock pile sample being 61ft from surface. A best assay of 2.34 g/t Au , 68 g/t Ag was reported in hole
PM25-001S from 0-5ft. Weighted average values for each hole are presented in Table 1, ranging from
1.28 g/t Au, 34 g/t Ag over 10ft (3.048m) in PM25-007S to 0.24 g/t Au, 18.8 g/t Ag over 20ft (6.097m)
in PM25-002S. No holes were unmineralized.
“The aircore sampling program has demonstrated that the waste rock pile is mineralized and the
Company will continue with the metallurgical test work on the bulk sample provided by the recent
drilling, including bottle rolls and column leach tests to assess the suitability of the material for toll
leaching with 3 rd party leach pad operators ,” commented Rupert Williams, CEO . “The Prospect
Mountain Mine complex has a permit for 1,000 tpd underground mining and processing off site, however
the Company needs to complete further work to fully outline the extraction and transportation process for
this finite project.”
“The Company’s main objective remains to identify economic quantities of gold mineralization within the
Prospect Mountain Property through a drilling discovery. We have recently finished our 2025 exploration
drilling program with 14 holes completed, for a total of 4,194m (13,760ft), focusing on four accessible
areas and expect assays in Q1 2026. Next year, our proposed exploration program will build on this drill
campaign as well as continue to test new cross fault structures that are believed to drive the mineralization
within the Eureka camp,” added Rupert Williams, CEO.
www.northpeakresources.com
TSX Venture: NPR
OTCQB: NPRLF
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Hole ID
Depth Depth Au Ag Easting Northing Elevation
(m) (ft) (g/t) (g/t) (m) (m) (m)
PM25-001S 9.15 30 0.94 26.3 165195 8523464 2406
PM25-002S 6.10 20 0.24 18.8 165188 8523415 2406
PM25-003S 6.10 20 0.29 9.2 165190 8523440 2406
PM25-004S 15.85 52 0.95 25.7 165220 8523482 2403
PM25-005S 18.60 61 0.31 13.9 165230 8523462 2407
PM25-006S 4.57 15 0.72 21.00 165232 8523513 2397
PM25-007S 3.05 10 1.28 34.00 165258 8523509 2389
PM25-008S 6.10 20 0.29 13.50 165260 8523488 2390
PM25-009S 11.89 39 0.29 13.50 165268 8523463 2389
PM25-010S 6.10 20 0.67 17.75 165250 8523446 2396
PM25-011S 3.05 10 0.40 19.00 165180 8523502 2410
Table 1: Weighted average composite results for each hole with drill collar positions. Two samples with no recovery
were assigned background values as part of the hole composite . Holes were vertical and intervals are 100% of true
widths. Coordinates in NAD83m, Nevada East grid, EPSG:32107.
Review by Qualified Person, Quality Control and Reports
Mr. David Pym, CGeol., Consulting Geologist for the Company, is the Qualified Person (QP), as
defined under National Instrument 43 -101 - Standards of Disclosure for Mineral Projects , who
reviewed and approved scientific and technical disclosure in this press release. The Qualified Person
has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the
Property or any underlying property agreements.
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Drilling and Sampling: Drilling was carried out using a track mounted sonic drilling unit for use in
unconsolidated material. Samples were decanted into plastic sleeves and sent to McClelland
Laboratories Inc., located at 1016 Greg Street, Sparks, NV 89431, an independent certified laboratory.
QA/QC procedures included the insertion of blanks, duplicates, and certified reference materials.
Samples are dried crushed and pulverised and assayed for gold using a 30g fire assay with an AAS
finish and silver using a 4-acid digest and AAS. Overlimit samples for gold and silver are automatically
re-assayed by suitable methods. The samples will be kept for further metallurgical testwork on their
leach characteristics.
For further information, please contact:
Rupert Williams, CEO
Phone: +1-647-424-2305
Email: [email protected]
Chelsea Hayes, Director
Phone: +1-647-424-2305
Email: [email protected]
About North Peak
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 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 (the
“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 f iled on SEDAR+ at
www.sedarplus.ca under the profile of the Company and on the Company’s website.
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, 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 reserv es,
intentions, be liefs, and current expectations of the Prospect Mountain Mine complex and the
Company, timing and completion of further work to fully outline the extraction and transportation process
for waste rock pile project , 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
“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue
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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, 202 4 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, wheth er 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.