Peloton Warrant Extension

PELOTON MINERALS CORPORATION

NEWS RELEASE

December 6, 2019 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:

a. 3,636,364 warrants exercisable at a price of CDN$0.10 until 5 :00 pm

on December 21 , 2019 are now exercisable until 5:00 pm on

December 21, 2021;

b. 886,667 warrants exercisable at a price of CDN$0.125 until 5:00 pm on

December 29, 2019 are now exercisable until 5:00 pm on December

29, 2021.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

Peloton Minerals Corporation is a reporting issuer in good standi ng in the Province s of

British Col umbia 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 84,621,354

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

Peloton owns three gold exploration 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.