Notice of Private Placement Grant of Stock Options and Share Appreciation Rights Units

Core Points - Peloton Minerals Corporation is planning a private placement of units priced at CDN$0.09 per unit, aiming to raise up to $200,000 [2] - Each unit will consist of one common share and one common share purchase warrant, exercisable for three years at $0.12 [2] - The proceeds from the private placement will be allocated for lithium exploration in northern Nevada and for working capital [3] Private Placement Details - The private placement will utilize certain prospectus exemptions, including the Existing Shareholder Exemption, allowing capital raising through securities distribution to existing shareholders [3] - The record date for determining existing shareholders entitled to purchase shares is set for November 21, 2025 [3] - Securities issued in connection with the private placement will be subject to a hold period of four months and one day from issuance [3] Stock Options and Share Appreciation Rights - The company has granted a total of 883,332 stock options to consultants, exercisable at $0.11 for three years, with 150,000 options replacing recently expired ones [4] - A total of 11,240,531 Share Appreciation Rights Units (SAR) have been granted to directors and officers, exercisable at $0.11 per share for five years [5] - SARs allow holders to receive the difference in price between the market price at exercise and the base price, either in cash or shares [5] Company Overview - Peloton Minerals Corporation holds a 100% interest in the North Elko Lithium Project in northeastern Nevada, which is prospective for lithium and other minerals [7] - The company also has interests in gold projects and a non-controlling interest in a copper porphyry project near Butte, Montana [8] - The company is a reporting issuer in good standing in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [6]