Peloton Option Grant

PELOTON MINERALS CORPORATION

NEWS RELEASE

September 14, 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 recently granted a total of 500,000 incentive

stock options to directors of the Company. These options are exercisable until June 7, 2024 at an

exercise price of $0. 10. These stock options replace 500,000 stock options exercisable at $0.0 8

that expired July 2, 2019.

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 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 95,814,247 common shares issued and

outstanding in the capital of the Company before the issuance of the shares describ ed in this

release.

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

exploration 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.