Peloton corrects cesium assay disclosure in Jan. 28 NR

Executive Summary

• Peloton Minerals Corp. issued a clarification regarding assay results from its January 28, 2026 news release, correcting an inadvertent error where cerium and cesium assay values were reversed.
• The company confirmed that the rubidium and lithium values reported in the original release were correct and remain unchanged.
• Peloton has implemented additional verification steps in its disclosure procedures to prevent similar transcription errors between laboratory analytical reports and public disclosures.

Key Details

• Nature of Error: The original disclosure inadvertently swapped the assay results for cesium and cerium.
• Corrected Cesium Assays: The actual cesium assays range from 1 part per million (ppm) to 70 ppm, with an average of 16.7 ppm across all four drill holes.
• Corrected Cerium Assays: The values previously attributed to cesium were actually the cerium assays (specific values not restated in this clarification, but the swap is acknowledged).
• Unchanged Values: Rubidium and lithium values reported in the original release were transcribed correctly and remain unchanged.
• Qualified Person: Richard C. Capps, PhD, Senior Geologist and Director, approved the technical information under National Instrument 43-101.
• Company Context: Peloton Minerals is a reporting issuer in BC and Ontario, listed on the CSE (PMC) and OTCQB (PMCCF), with 152,567,062 common shares outstanding. Its portfolio includes the North Elko lithium project, Golden Trail and Independence Valley gold projects, and a non-controlling interest in a copper porphyry project in Montana.

Notable Quotes

• "Following an internal review of the analytical data and disclosure, the company determined that the cesium assays reported in the release were made in error. The assays attributable to cesium were in fact the cerium assays."
• "The company has reviewed its disclosure procedures and will implement additional verification steps to ensure consistency between laboratory analytical reports and public disclosure."