Mr. Brian Hinchcliffe reports

NORTH PEAK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

North Peak Resources Ltd. intends to complete a non-brokered private placement of up to 2,222,222 common shares of the company at a price of 90 cents per share for gross proceeds of up to $2-million. The company has the option to increase the size of the private placement by up to an additional 333,333 common shares, for total gross proceeds of up to $2.3-million.

The company intends to use the proceeds from the private placement to continue to explore and develop its mining assets, for the continued development of its business and for general and administrative expenses.

The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.

The company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to the approval of the exchange and compliance with applicable securities laws.

About North Peak Resources Ltd.

The company is a Canadian-based gold exploration and development company. The company is focused on acquiring historical sites with low-cost producing gold and other metals properties, near-term production potential and a greater-than-eight-year mine life in the Northern Hemisphere.

The company has acquired an initial 80-per-cent interest in the Prospect Mountain mine complex in Eureka, Nev. (see the company's May 4, 2023, May 23, 2023, and Aug. 25, 2023, press releases).

We seek Safe Harbor.