Mr. Edward Ellwood reports

PELOTON STAKES 200 ADDITIONAL CLAIMS AT THE NORTH ELKO LITHIUM PROJECT BRINGING THE TOTAL GROUND POSITION TO 53 SQUARE KILOMETERS OR 20 SQUARE MILES

Peloton Minerals Corp. has staked and is filing for recording an additional 200 mineral claims at its 100-per-cent-owned North Elko lithium project (NELP) located in northeastern Nevada, bringing the total to 642 mineral claims, or 53 square kilometres (20 square miles).

The new claims are across and contiguous with the former southern boundary of NELP and completely cover Bell Canyon and Bell Canyon Road. Peloton's recent drilling included one hole beside the western portion of Bell Canyon Road. That hole intersected lithium values that were increasing at depth, with the bottom 155 feet of the hole averaging 618 parts per million, and last sample at the bottom of the hole returning 1,150 ppm lithium. The hole bottomed in claystone mineralization and will be drilled deeper on the next drill program.

Peloton selected the Bell Canyon drill location as it is on strike from the northwest-oriented lithium zone that Surge Battery Metals Inc. has discovered on its adjacent property, tTEM geophysics and a drill log obtained from public state records for a water well hole drilled in 1965 that showed a sequence of clay layers that were similar to what Surge has publicly reported from their drilling.

Peloton will now conduct a series of studies using or combining the numerous data sets that the company has obtained from airborne, surface and subsurface work, to refine drill targets for a follow-on program this summer. This work will also include first pass metallurgical work to determine the potential recoverability of cesium and rubidium that was encountered in initial drilling. Cesium and rubidium assays were remarkably consistent in all four drill holes from top to bottom of the holes which were widely spaced (seven kilometres by 3.5 kilometres). The average of all 352 drill samples was 77 parts per million cesium and 121 ppm rubidium. Information about these elements is available on-line.

Upon finalizing the type and scope of the work and studies to be completed this winter the company will issue a more detailed outline. This work is in preparation for a follow-on drill program this summer.

Qualified person

Richard C. Capps, PhD, is the qualified person under National Instrument 43-101 that has approved the technical information contained within this release. Dr. Capps is the company's senior geologist and a director.

About Peloton Minerals Corp.

Peloton Minerals is a reporting issuer in good standing in the provinces of British Columbia and Ontario whose common shares are listed on the Canadian Securities Exchange (symbol: PMC) and trade in the United States on the OTCQB (symbol: PMCCF). There are 152,567,062 common shares issued and outstanding in the capital of the company.

Peloton's exploration portfolio includes the North Elko lithium project in northeastern Nevada, which is prospective for lithium, uranium, critical and rare-earth minerals, as well the Golden Trail and Independence Valley Carlin style gold projects in northeastern Nevada, and a non-controlling interest in a copper porphyry project near Butte, Mon.

We seek Safe Harbor.