Grant of Options

PELOTON MINERALS CORPORATION

NEWS RELEASE

June 13, 2024 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Grant of Options

London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE

Symbol: PMC OTCQB; Symbol: PMCCF ) has granted a total of 4,900,000 incentive stock

options to directors and consultants of the Company. 2,900,000 of the options were granted to

replace options that expired on June 7, 2024 and are exercisable over five years at an exercise price

of $0.10. 2,000,000 of the options are exercisable over three years at an exercise price of $0.10.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

Peloton is a reporting issuer in good standing in the Provinces of Ontario and British Columbia

whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB

(Symbol: PMCCF). There are 136,598,705 common shares issued and outstanding in the capital

of the Company.

Peloton’s exploration portfolio includes the North Elko Lithium Project, a gold exploration project

on the Carlin Trend, Nevada, a past producing gold project in Montana under option to a JV

partner, 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.