Peloton Warrant Extension

PELOTON MINERALS CORPORATION

NEWS RELEASE

June 4, 2021 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Peloton Warrant Extension

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

Symbol: PMC ) has modified the expiry time of certain outstanding w arrants of the

Company held by previous private placement investors as follows:

1,160,000 warrants exercisable at a price of CDN$0.15 until 5:00 pm on

July 17, 2021 are now exercisable until 5:00 pm on July 17, 2023.

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 104,086,641

common shares issued and outstanding in the capital of the Company.

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

gold project in Montana, USA.

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

release.