(TheNewswire)

November 21, 2025 – TheNewswire - London, Ontario – Peloton Minerals Corporation (“PMC” or the “Company”) (CSE Symbol: PMC; OTCQB Symbol: PMCCF) provides notice of pending private placement, the grant or renewal of expired stock options, and the grant of Share Appreciation Rights.

The Company intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of up to $200,000 over the next few weeks. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12.

The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working capital. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders (the “Existing Shareholder Exemption”) contained in OSC Rule 45-501 (2.9) and the various corresponding blanket orders and rules of participating jurisdictions (with the exception of Newfoundland and Labrador) as well as other available prospectus exemptions, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. The Company has set November 21, 2025, as the record date for the purpose of determining existing shareholders entitled to purchase Shares pursuant to the Existing Shareholder Exemption. The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities.

The Company has granted a total of 883,332 stock options to consultants exercisable at $0.11 for three years. Of these options, 150,000 replaces stock options that had recently expired.

The Company has granted a total of 11,240,531 Share Appreciation Rights Units (“SAR”) to directors and officers of the Company. SARs were adopted and approved by shareholders in 2024 as a means of compensation. Each SAR is exercisable at $0.11 per share (the Bsse Price) for five years and upon exercise, as determined by the holder, entitle the holder to receive the difference in price between the market price at the date of exercise and the Base Price, either in cash or shares at the determination of the Company.  The SARs vest one year from today which may be accelerated for a Participant who dies or who ceases to be an eligible Participant under the provisions hereof in connection with a Change of Control, take-over bid, reverse take-over or other similar transaction.

For further information please contact:

Edward (Ted) Ellwood, MBA

President & CEO 1-519-964-2836

Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces of British Columbia and Ontario whose common shares are listed on the CSE (Symbol: PMC) and trade in the U.S. on the OTC QB (Symbol: PMCCF) . There are 150,228,177 common shares issued and outstanding in the capital of the Company before the closing of the placement described above.

Peloton’s exploration portfolio includes a 100% interest in the North Elko Lithium Project in northeastern Nevada which is prospective for lithium, uranium, critical and rare earth minerals, as well the Golden Trail and Independence Valley Carlin style gold projects in northeastern Nevada, and a non-controlling interest in a copper porphyry project near Butte, Montana .

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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