Peloton Option Grant

PELOTON MINERALS CORPORATION

NEWS RELEASE

October 16, 2020 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Peloton Option Grant

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

Symbol: PMC ; OTCQB Symbol: PMCCF ) has granted a total of 150,000 incentive stock

options to a consultant of the Company. These options are exercisable over five years at an exercise

price of $0.12.

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 Province s 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 100,780,914 common shares issued and

outstanding in the capital of the Company.

Peloton owns three gold exploration projects located in Elko County, Nevada. The Company also

has a gold project in Montana, USA which is now under option to Frederick Private Equity

Corporation and African Metals Corporation.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this

release.