Peloton Warrant Extension

PELOTON MINERALS CORPORATION

NEWS RELEASE

July 10, 2020 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:

4,827,999 warrants exercisable at a price of CDN$0.10 until 5:00 pm on

August 31, 2020 are now exercisable until 5:00 pm on August 31, 2022.

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 87,879,618

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

Peloton owns three gold exp loration 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.