Peloton Closes a Second Tranche of Financing Bringing the Total to $1,036,252.53

Executive Summary

• Peloton Minerals closed the second tranche of its non‑brokered private placement, raising an additional $133,502.76 and bringing total proceeds to $1,036,252.53 – oversubscribing the original $630,000 target.
• Units were priced at CDN $0.09 each (one common share plus one warrant exercisable for three years at $0.12).
• Proceeds are earmarked for lithium exploration at the North Elko Lithium Project in northeastern Nevada and for general working capital.

Key Details

• Total financing to date: $1,036,252.53 (including first tranche).
• Second‑tranche proceeds: $133,502.76.
• Pricing: CDN $0.09 per unit.
• Unit composition: 1 common share + 1 common share purchase warrant (exercise price $0.12, term 3 years).
• Use of proceeds: Lithium exploration at North Elko Lithium Project (NELP) in northern Nevada; working capital.
• Hold period for securities: 4 months and 1 day from issuance.
• Exemptions relied upon: Existing Shareholder Exemption under OSC Rule 45‑501(2.9) and other prospectus exemptions for accredited investors, friends/family of directors/officers (excluding Newfoundland & Labrador).
• Record date for shareholder eligibility: August 15, 2025.
• Shares outstanding after placement: 150,228,177 common shares.
• Exploration portfolio highlights: 100% interest in NELP (prospective for lithium, uranium, critical and rare earth minerals); Gold projects (Golden Trail & Independence Valley) in Nevada; non‑controlling copper porphyry project near Butte, MT.

Notable Quotes

• “The additional capital will enable us to commence drilling at our North Elko Lithium Project this month and advance our exploration program in a key strategic region.” – Edward (Ted) Ellwood, President & CEO.