Mr. Rupert Williams reports

NORTH PEAK RESOURCES ANNOUNCES AGREEMENT TO REPURCHASE 1 MILLION COMMON SHARES FOR CANCELLATION

North Peak Resources Ltd. has entered into an agreement dated effective April 29, 2026, to purchase for cancellation one million of its common shares from Solarljos LLC at a price of 80 cents per share, for aggregate consideration of $800,000.

Completion of the transaction is subject to the acceptance by the TSX Venture Exchange. The shares will be cancelled upon completion of the transaction.

Solarljos is controlled by the Erickson family of Nevada, which includes Dr. Ty Erickson, a director of the company. The Erickson family owned and developed the prospect Mountain mine complex near Eureka, Nev., until selling it to the company in 2023.

The company believes the current share price does not reflect the underlying value of its assets and the purchase and cancellation of these shares is consistent with the company's conviction in the long-term value of the property.

"The Erickson family has been, and remains, valued and supportive shareholders of North Peak Resources. We are grateful for the legacy that Einar Erickson built and for the family's continued belief in the potential of the property. The agreement to purchase these shares reflects our own confidence in the value of our asset and we are pleased to support the Erickson family's important humanitarian endeavours," stated Rupert Williams, chief executive officer.

The Erickson family has a long-standing commitment to humanitarian work in Africa. Dr. Erickson is a highly regarded surgeon, educator and adviser to humanitarian organizations, with a particular focus on delivering obstetric fistula repair care in complex and volatile environments. Proceeds from this sale of shares will support the continuation of this work for several years.

Following completion of the purchase and cancellation of the shares, Solarljos is expected to hold seven million shares, representing approximately 14.3 per cent of the issued and outstanding shares. Solarljos is expected to file an early warning report in accordance with applicable securities laws following completion of the transaction.

The transaction constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the transaction does not exceed 25 per cent of the company's market capitalization.

Dr. Erickson disclosed his interest in the transaction and abstained from voting on the approval of the transaction. The transaction was reviewed and approved by the disinterested directors of the company.

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, zinc mineralization (CRD) 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 NI 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.

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