Subject: NR- dissemination request
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PEAK DISCOVERY PROPOSES PRIVATE PLACEMENT
VANCOUVER, April 14, 2026 - Peak Discovery Capital Ltd. (TSXV: PEC.H) (the "Company" or "Peak Discovery") is pleased to announce it will be conducting a non-brokered private placement (the "Offering") of up to 1,666,667 common shares (the "Shares") at a price of $0.12 per Share, raising gross proceeds of up to $200,000.
The Shares will be subject to a hold period legend prohibiting resale for 4 months and a day from the date of their issuance. The terms of the Offering are subject to the applicable securities laws and the acceptance of the TSX Venture Exchange (the "TSXV"). The Company may pay finder's fees in connection with the Offering to qualifying arm's length finders, in accordance with the policies of the TSXV.
The Company entered into a non-binding letter of intent ("LOI") with a potential vend-in party regarding a proposed reverse takeover ("RTO") transaction, which was executed by both parties on February 9, 2026. Under the LOI, the vend-in party would grant the Company contractual rights to conduct exploration activities on a property for which it holds an Exploration Permit ("EP") in Philippine. The LOI was extended on March 26, 2026 and will cease to have force and effect if no definitive agreements are executed by May 30, 2026, or such later date as may be agreed by the parties. The proposed RTO remains subject to due diligence, execution of definitive agreements, regulatory approvals, and other customary conditions. There can be no assurance that the proposed RTO will be completed as contemplated, or at all.
The net proceeds of the Offering will be used to pursue business opportunities including the above-mentioned RTO transaction and for general working capital.
About Peak Discovery Capital Ltd.
The company's principal business is the identification and evaluation of assets or businesses for future merger and acquisition.
For more information, please contact:
Mary Ma
Chief Financial Officer
peakdiscovery@gmail.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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