Peloton Option Grant

PELOTON MINERALS CORPORATION

NEWS RELEASE

June 7, 2019 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 recently granted a total of 2,600,000 incentive

stock options to directors and a consultant of the Company. Thes e options are exercisable over

five years at an exercise price of $0. 10. 1,050,000 of these stock options replace 1,050,000 stock

options exercisable at $0.065 that expired May 29, 2019. The consultant receiving 200,000 options

on these terms is Graham Murray who provides market making services to the Company.

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 78,604,800 common shares issued and

outstanding in the capital of the Company.

Peloton owns three gold exploration projects located in Elko County, Nevada, including

Independence Valley which is now under option to Kinross Gold USA. 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.