Corrected Extension of Warrant Expiry Date

PELOTON MINERALS CORPORATION

NEWS RELEASE

May 4, 2026 CSE SYMBOL: PMC

OTCQB Symbol: PMCCF

Corrected Extension

of Warrant Expiry Date

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

Symbol: PMC; OTCQB Symbol: PMCCF) will modify the expiry time of certain outstanding

warrants of the Company as follows:

1,798,889 warrants exercisable at a price of CDN$0.12 until 5:00 pm on May 31, 2026

will be exercisable until 5:00 pm on May 31, 2028.

An earlier release issued on May 1, 2026 mistakenly referred to an August, 2026 expiry

for the warrants presently being extended.

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 152,567,062 common shares issued and

outstanding in the capital of the Company.

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

a gold exploration project on the Carlin Trend, 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.