Re-grant of Expired Options

PELOTON MINERALS CORPORATION

NEWS RELEASE

December 19, 2025 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Re-grant of Expired Options

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

Symbol: PMC OTCQB; Symbol: PMCCF) has re-granted a tota l of 2,100,000 incentive stock

options to directors of the Company to repl ace options that expired on December 18, 2025. The

options are exercisable over five years at an exercise price of $0.115.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

Peloton Minerals Corporation is a reporting issu er in good standing in the Provinces 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 150,228,177 common shares issued and

outstanding in the capital of the Company.

Peloton’s exploration portfolio includes the North Elko Lithium Project in northeastern Nevada

which is prospective for lithium, uranium, critical and rare earth minerals, as well the Golden Trail

and Independence Valley Carlin style gold projects in northeastern Nevada, and a non-controlling

interest in a copper porphyry project near Butte, Montana.

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

release.