Peloton has Registered 200 Additional Claims to Cover a Large Underlying Clay Layer Shown to be Mineralized by Recent Drilling

Core Insights - Peloton Minerals Corporation has expanded its North Elko Lithium Project by registering an additional 200 mineral claims, bringing the total to 642 claims covering 53 square kilometers (20 square miles) [1] Exploration and Findings - The claim block expansion aims to cover a large underlying stratigraphy identified through surface geophysics, confirmed to be clay bearing ("claystone") [2] - The claystone strata covers an area of at least 50 square kilometers (19 square miles) with a minimum thickness of 480 feet in three drill holes, indicating significant mineralization potential [2] - Recent drilling revealed anomalous values of lithium, rubidium, and cesium, with the southern-most hole averaging 618 ppm lithium over the bottom 155 feet [3] Future Plans - The company plans to focus on identifying horizons within the claystone strata that may have higher concentrations of lithium, rubidium, or cesium [4] - A series of studies will be conducted to refine targets for a follow-on drilling program scheduled for this summer, including initial metallurgical work to assess mineral recoverability [4] Technical and Operational Details - The exploration work to date includes airborne hyperspectral imaging, geologic mapping, soil geochemistry, and surface geophysics, with two drill permits and 24 drill pads approved [6] - Four drill holes have been completed, with depths reaching up to 500 feet [6] Company Overview - Peloton Minerals Corporation is a reporting issuer in British Columbia and Ontario, with common shares listed on the CSE and trading on the OTC QB [7] - The company's exploration portfolio includes the North Elko Lithium Project and other mineral projects in Nevada and Montana [8]