Grant of Stock Option

PELOTON MINERALS CORPORATION

NEWS RELEASE

November 28, 2025 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Grant of Stock Option

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

Symbol: PMC; OTCQB Symbol: PMCCF) has granted a stock option in the amount of 366,666

to a consultant exercisable at $0.11 for three years.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

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 before the closing 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 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 info rmation are identified with words such as "anticipate", "believe", "expect", "plan", "intend",

"potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or

statements regarding an outlook.

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.