Peloton Warrant Extension

PELOTON MINERALS CORPORATION

NEWS RELEASE

February 18, 2022 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Peloton Warrant Extension

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

Symbol: PMC) has:

1.) modified the expiry time of certain outstanding warrants of the Company held by

previous private placement investors as follows:

1,060,625 warrants exercisable at a price of CDN$0.15 until 5:00 pm on March

15, 2022 are now exercisable until 5:00 pm on March 15, 2024.

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 113,334,421

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

Peloton’s core exploration portfolio includes a Copper Porphyry project near Butte,

Montana and three Carlin Style Gold exploration projects in Elko County, Nevada.

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

release.