Warrants Extended - Options Granted

PELOTON MINERALS CORPORATION

NEWS RELEASE

June 10, 2022 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Peloton Warrant Extension and Grant of Options

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

Symbol: PMC) has:

1.) modified the expiry time of certain outstanding warrants of the Company held by

previous private placement investors as follows:

733,529 warrants exercisable at a price of CDN$0.15 until 5:00 pm on July 12,

2022 are now exercisable until 5:00 pm on July 12, 2024;

2.) granted a total of 2,550,000 incentive stock options to directors and consultants of

the Company. These options are exercisable over five years at an exercise price

of $0.10. This grant of options replaces on the same terms stock options that

expired unexercised.

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 113,334,421

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

Peloton’s core exploration portfolio includes a Copper Porphyry project near Butte,

Montana and three Carlin Style Gold exploration projects in Elko County, Nevada.

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

release.