Peloton Warrant Extension

PELOTON MINERALS CORPORATION

NEWS RELEASE

August 30, 2022 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 warrants of the

Company held by previous private placement investors as follows:

5,233,025 warrants exercisable at a price of CDN$0.15 until 5:00 pm on

September 19, 2022 are now exercisable until 5:00 pm on September 19, 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 118,947,459

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

Peloton’s core explora tion 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.