PEAK Minerals Closes Acquisition of 1494741 B.c. Ltd.

PEAK MINERALS CLOSES ACQUISITION OF

1494741 B.C. LTD.

Not for distribution to United States newswire services or for

dissemination in the United States.

Vancouver, British Columbia , March 17, 2025, Peak Minerals Ltd. ( CSE:PEK) (the “Company”) is

pleased to announce that further to its news releases dated November 8, 2024, and February 21, 2025, it

has completed the acquisition (the “Acquisition”) of a 100% interest in 1494741 B.C. Ltd. (“149 BC”). The

Acquisition was completed pursuant to a definitive agreement (the “ Agreement”) dated February 21,

2025, whereby the Company acquired all of the outstanding equity interests of 149 BC, an arm’s length

private exploration stage company which holds the interests in certain gold concessions located in the

Tapanahony area within the Silipanwini District in the Republic of Suriname (the “Tapanahony Project”).

The Tapanahony Project covers 29,000 hectares of significant artisanal mining and historical exploration.

The database acquired as part of the acquisition of 149 BC includes airborne geophysics, multiple phases

of semi-quantitative panning of drainages, large auger grids. Management is of the view that there are

multiple gold targets within the area of the Tapanahony Project that range from large gold-in-soil anomalies

to those that have limited drilling. In the view of management, Suriname has been the foc al point of

successful gold exploration for decades and is internationally recognized as mining friendly.

Pursuant to the Agreement, the Company issued 6,000,000 common shares in the capital of the Company

(each, a “Consideration Share”) to the shareholders of 149 BC on a pro rata basis in proportion to their

former respective holdings of 149 BC in exchange for all the issued and outstanding common shares of

149 BC at a deemed price of $0.25 per Consideration Share for total deemed consideration of $ 1,500,000.

The Acquisition is an arm’s length transaction. No finder’s fee was paid in connection with the Acquisition.

The Consideration Shares are subject to a four -month hold period pursuant to the securities laws in

Canada.

The Company will issue an additional 6,000,000 Consideration Shares to the shareholders of 149 BC on

a pro rata basis in proportion to their former respective holdings of 149 BC upon completion of drilling of

an aggregate of 5,000 meters by a Sranan subsidiary of 149 BC on the Tapanahony Project (the

“Milestone”).

Following closing of the Acquisition, Oscar Louzada, a former shareholder of 149 BC, was appointed CEO

of the Company, replacing incumbent CEO Jonathan Yan. Mr. Yan will remain a director of the Company.

The Company anticipates filing a technical report prepared in accordance with National Instrument 43-101

– Standards of Disclosure for Mineral Projects with respect to the Tapanahony Project by June 30, 2025.

None of the securities issued in connection with the Acquisition wil l be registered under the United States

Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United

States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

This press release shal l not constitute an offer to se ll or a solicitation of an offer to buy nor sha ll there be

any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

About Peak Minerals

Peak Minerals Ltd. is engaged in the business of mineral exploration and the acquisition of mineral property

assets in Canada. Its objective is to locate and develop economic precious and base metal properties of

merit and to conduct its exploration on the Aida Project. The Aida Property consists of 5 mineral claims

covering an area of 2,335.42 ha located on the Shuswap Highland within the Kamloops Mining Division.

On Behalf of the Board of Directors

Jonathan Yan

Director

For further information, please contact:

Oscar Louzada

Chief Executive Officer

+31 6 25438975

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE

CONTENT OF THIS PRESS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

Certain statements made and information contained herein may constitute “forward- looking information”

and “forward-looking statements” within the meaning of applicable Canadian and United States securities

legislation. These statements and information are based on facts currently available to the C ompany and

there is no assurance that the actual results will meet management’s expectations. Forward- looking

statements and information may be identified by such terms as “anticipates,” “believes,” “targets,”

“estimates,” “plans,” “expects,” “may,” “will,” “could” or “would.” Forward-looking statements and information

in this news release include statements with respect to the Acquisition, including the terms, closing, timing

and perceived benefits, and the aims of the Tapanahony Project, and the filing of a technical report for the

Tapanahony Project .

Forward-looking statements and information contained herein are based on certain factors and

assumptions regarding, among other things, the estimation of mineral resources and reserves, the

realization of resource and reserve estimates, metal prices, taxat ion, the estimation, timing and amount of

future exploration and development, capital and operating costs, the availability of financing, the receipt of

regulatory approvals, environmental risks, title disputes and other matters. While the Company considers

its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not

guarantees of future performance and readers should not place undue importance on such statements as

actual events and results may differ materiall y from those described herein. The Company does not

undertake to update any forward-looking statements or information except as may be required by applicable

securities laws.