Private Placement and grant of Options and SARs
PELOTON MINERALS CORPORATION
NEWS RELEASE
November 21, 2025 CSE SYMBOL: PMC
OTCQB Symbol: PMCCF
Notice of Private Placement
Grant of Stock Options and
Share Appreciation Rights Units
London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE
Symbol: PMC; OTCQB Symbol: PMCCF) provides notice of pending private placement, the
grant or renewal of expired stock options, and the grant of Share Appreciation Rights.
The Company intends to close a private placement of units priced at CDN$0.09 per unit for total
proceeds of up to $200,000 over the next few weeks. Each unit consists of one common share and
one common share purchase warrant exercisable for three years at $0.12.
The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and
working capital. The Private Placement will be conducted in reliance upon certain prospectus
exemptions, including the exemption allowing issuers to raise capital by distributing securities to
existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9)
and the various corresponding blanket orders and rules of participating jurisdictions (with the
exception of Newfoundland and Labrador) as well as other available prospectus exemptions,
including sales to accredited investors and close personal friends and business associates of
directors and officers of the Company. The Company has set November 21, 2025, as the record
date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to
the Existing Shareholder Exemption. The securities issued in connection with the Private
Placement are subject to a hold period expiring four months and one day from the issuance of the
securities.
The Company has granted a total of 883,332 stock options to consultants exercisable at $0.11 for
three years. Of these options, 150,000 replaces stock options that had recently expired.
The Company has granted a total of 11,240,531 Share Appreciation Rights Units ( “SAR”) to
directors and officers of the Company. SARs were adopted and approved by shareholders in 2024
as a means of compensation. Each SAR is exercisable at $0.11 per share (the Bsse Price) for five
years and upon exercise, as determined by the holder, entitle the holder to receive the difference
in price between the market price at the date of exercise and the Base Price, either in cash or shares
at the determination of the Company. The SAR s vest one year from today which may be
accelerated for a Participant who dies or who ceases to be an eligible Participant under the
provisions hereof in connection with a Change of Control, take-over bid, reverse take-over or other
similar transaction.
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 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 before the closing of the placement described above.
Peloton’s exploration portfolio includes a 100% interest in 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.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws)
and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995).
Such statements or info rmation are identified with words such as "anticipate", "believe", "expect", "plan", "intend",
"potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook.
Although the Company believes that the expectations reflected in the forward -looking information or statements are
reasonable, prospective investors in the Company’s securities should not place undue reliance on forward -looking
statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-
looking information and statements contained in this news release are as of the date of this news release and the
Company assumes no obligation to update or revise this forward-looking information and statements except as required
by law.