Peloton Clarifies Certain Assay Results

Executive Summary

• Peloton Minerals clarifies that previously reported cesium (Cs) assay values were mistakenly listed as cerium (Ce); the correct Cs concentrations range from 1 ppm to 70 ppm with an average of 16.7 ppm across four drill holes.
• Rubidium (Rb) and lithium (Li) assay results disclosed in the original release remain accurate and unchanged.
• The company will add extra verification steps to prevent future discrepancies between laboratory reports and public disclosures.

Key Details

• Original press release (Jan 28 2026) incorrectly labeled cerium assays as cesium; the corrected Cs values are 1–70 ppm, average 16.7 ppm across all four holes.
• Rb and Li assay figures from the original announcement were transcribed correctly and are not affected by this correction.
• Qualified Person for the technical information: Dr. Richard C. Capps, PhD, Senior Geologist & Director (NI 43‑101).
• President & CEO Edward “Ted” Ellwood confirmed the error and outlined forthcoming procedural enhancements to ensure data integrity.
• No changes to project scope or resource estimates were indicated; the clarification solely addresses assay labeling.

Notable Quotes

“We have identified an inadvertent reversal of cerium and cesium assays in our prior disclosure and are implementing additional verification steps to ensure consistency between laboratory analytical reports and public disclosure.” – Edward (Ted) Ellwood, President & CEO, Peloton Minerals Corporation