Mr. Brian Hinchcliffe reports

NORTH PEAK AMENDS NON-BROKERED PRIVATE PLACEMENT

North Peak Resources Ltd. is amending the terms of its non-brokered private placement, previously announced on Sept. 30, 2024. The company now intends to issue up to two million common shares of the company at a price of 75 cents per share for gross proceeds of up to $1.5-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 commissions or finders' fees 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 that is listed on the TSX Venture Exchange under the symbol NPR. The company is focused on acquiring historic sites, with low-cost producing gold and other metals properties, with near-term production potential and eight-plus-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, news releases).

The company can give no assurances at this time that its properties and interests will fulfill the company's business development goals described herein. Trading in the securities of the company should be considered highly speculative.

We seek Safe Harbor.