Additional Mineral Claims Staked At The North Elko Lithium Project

ONTARIO – Peloton Minerals Corporation has staked an additional 27 mineral claims at its North Elko Lithium Project (NELP) in northeastern Nevada, bringing the total ground position to 444 mineral claims or about 37 square kilometers. The new claims cover additional areas of prospective lithium interest to the east following analysis of hyperspectral data and ground follow-up work. The new claims are on the eastern boundary of the NELP claim block, which is the farthest boundary from Surge Battery Metals who tie onto the western boundary of NELP and who have discovered a significant lithium deposit beside Peloton’s NELP to the west. A map accompanies this release showing an outline of Peloton’s current claim position.

Peloton is presently conducting a multi-faceted exploration program at NELP including geochemical sampling across a 35 square kilometer grid, geological mapping, spectrometer prospecting and sampling, XRD minerology analysis, airborne geophysics, the additional staking, shallow packsack drilling, and permitting for deeper drilling. The exploration program will continue through the summer and into the fall.

President and CEO, Edward (Ted) Ellwood, said, “We are pleased with the early progress of the exploration program as well as the initial data received. We expect many important milestones to be achieved over the course of the summer and fall.”