North Peak Commences 2026 Drilling Campaign at Prospect Mountain, Eureka, Nevada

North Peak Resources Ltd. announced the commencement of its 2026 drilling campaign at its 100%-owned Prospect Mountain Mine Complex in Eureka, Nevada. One reverse circulation (RC) drill rig is currently operational, with a second RC rig and a diamond drill rig scheduled to arrive in September. The exploration program targets five distinct geological areas, with a planned ~7,000 feet of drilling expected to continue through November.

Infrastructure progress includes 13 completed drill pads and a new access road under construction to reach seven additional pads. A water well and frac tank are operational, securing a reliable, cost-effective water supply for drilling operations and dust mitigation. This development follows a clear operational progression: securing all necessary permits in May 2026, installing an on-site water supply in July 2026, and now initiating the drill program.

North Peak Resources Ltd. (NPR) has commenced drilling, a development consistent with previous management guidance and the May 2026 permit announcement. The program represents an expected, incremental step in the company's 2026 exploration plan rather than a market-moving surprise.

The initiative builds on the success of 2024 and 2025 campaigns, which identified new mineralized zones and expanded known oxide gold mineralization. No new financial or strategic surprises are introduced; the company is executing on previously announced plans funded by the March 2026 private placement.

North Peak Resources Ltd. (NPR) is a pre-revenue gold exploration and development company focused on the Prospect Mountain Mine Complex in Nevada. The flagship property is fully permitted for a 1,000-tonnes-per-day underground operation and features existing infrastructure including power, water, road access, and approximately 11 miles of underground tunnels. The Eureka mining camp has a historic production of over 3.1 million ounces of gold, with a broader camp endowment estimated at approximately 8 million ounces. The company's strategy involves leveraging existing permits and infrastructure to advance exploration while evaluating near-term toll-leaching opportunities from historic waste dumps.