Mr. Rupert Williams reports

NORTH PEAK ANNOUNCES TSXV APPROVAL OF WARRANT EXPIRY DATE EXTENSIONS

Further to North Peak Resources Ltd.'s news release of July 14, 2026, the TSX Venture Exchange has approved the company's application to extend by three months the expiry dates of an aggregate of 4,515,831 outstanding common share purchase warrants of the company. Specifically, the TSX-V has approved the extension of the expiry dates of:

• 4,307,498 warrants from Oct. 17, 2026, to Jan. 17, 2027;
• 208,333 warrants from Oct. 24, 2026, to Jan. 24, 2027.

The warrants were issued in connection with a non-brokered private placement of equity units of the company that closed in two tranches on April 17, 2025, and April 24, 2025. See the company's news releases dated April 21,2025, and April 25, 2025, for further details.

Other than the extensions of their respective expiry dates, all other terms and conditions of the warrants remain unchanged, including the exercise price of 90 cents per common share. None of the warrants extended were issued to an agent, broker or finder as compensation for services.

A total of 390,000 warrants are held by persons who are related parties of the company. Accordingly, the extension of those warrants constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and TSX-V Policy 5.9, Protection of Minority Shareholders in Special Transactions. The company relies on the exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that the fair market value of the transaction, insofar as it involves related parties, does not exceed 25 per cent of the company's market capitalization. The company will file a material change report in respect of the related party transaction.

The company will file a material change report in respect of the related party transaction. The material change report will be filed less than 21 days before the effective date of the warrant extensions because the extensions were subject to approval of the TSX-V and did not become definitive until such approval was received. The proposed extensions, including the participation of related parties, were previously disclosed by the company on July 14, 2026. The company considers the shorter period to be reasonable and necessary in the circumstances.

About North Peak Resources Ltd.

The company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol NPR and the OTCQB under the symbol NPRLF. Launched by the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong record of acquiring mining assets, applying modern exploration techniques and taking them into operational mines.

North Peak's flagship property is the Prospect Mountain mine complex, which lies in the Battle Mountain-Eureka trend, in an area known as the Southern Eureka gold belt, where three styles of mineralization have been identified, gold, silver Carlin-style mineralization, carbonate replacement gold, silver, lead and zinc mineralization (CRD (carbonate replacement deposit)), and carbonate-hosted porphyry-related skarn lead, zinc and gold mineralization associated with cretaceous intrusions. At the property, the CRD mineralization is heavily oxidized to depths of at least 610 metres (2,000 feet) below the top of the ridge line.

A plan of operations is in place which covers part of the property and entitles an operator to pursue surface exploration (totalling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works. A more complete description of the property's geology and mineralization, including at the Wabash area, can be found in the National Instrument 43-101 technical report on the Prospect Mountain property, Eureka county, Nevada, U.S., dated and with an effective date April 10, 2023, prepared by David Pym (MSc), CGeol, of LTI Advisory Ltd., and Dr Toby Strauss, CGeol, EurGeol, of Merlyn Consulting Ltd., which has been filed on SEDAR+ under the profile of the company and on the company's website.

We seek Safe Harbor.