High Grade Material Remains At Prospect Mountain Within Dean Cave Area

CALGARY - North Peak Resources Ltd. reported on the underground and surface dump historical occurrences at its Prospect Mountain property in Eureka, Nevada. Following the 2024 drill program at the Wabash/Williams historic mining areas, which confirmed that considerable high grade oxide mineralization remains around the historic stopes, the Company is evaluating some of the accessible historical underground stopes and caves for similar potential within the historical Diamond Mine.

Initial channel sampling of insitu gossanous material from the Dean Cave area on the 500' level of the historical Diamond mine yielded 46.5 g/t (1.36 oz/t) Au, 569 g/t (16.6 oz/t) Ag, 4.09% Pb, 3.12% Zn over 15 cm. Dump grab samples from the historical Kit Carson mine included 5.3 g/t Au, 39 g/t Ag, 7.03% Pb, 1.92% Zn and 3.32 g/t Au, 692 g/t Ag, 1.82% Pb, 2.59% Zn. Lundgren Stope area yielded best assay of 0.74 g/t Au, 252 g/t Ag, 0.28 % Cu, 0.09% Pb, 2.23% Zn. Historical 4th July mine yielded a copper rich sample of 0.11 g/t Au, 5.2 g/t Ag, 1.74% Cu, 0.24%Pb, 2% Zn

"We are pleased with the latest results from our sampling program across the mountain aiming to identify new mineralization around existing workings and in structural target areas. Our exploration strategy is to leverage our existing infrastructure of 11 miles of underground tunnels to help delineate targets within our three explorations zones. The exploration zones are near surface potentially open-pittable oxide material, underground accessible oxide material around historical underground workings and the sulphide material just below the workings," said, Rupert Williams, CEO. "We are in the final stages of securing all necessary approvals ahead of a drill program planned for this summer which will focus on near surface oxide material."

Mineralization in Carbonate Replacement Deposits often occurs in vertical chimneys and layer parallel mantos. The Dean Cave area is one of a series of historical high grade chimney stopes in the northern part of the historical Diamond Mine, which include the DMEA/Deadbroke chimney and the East Cave chimney. The Deadbroke/DMEA chimney extends from surface down to at least 400m and the Dean and East Cave chimneys have only been exploited from underground and extend for at least 100m upwards from the historic 650' level of the mine. At depth the faults appear truncated by the west dipping Dominic fault, which may displace their depth extents. The chimney zones occur along an E/NE trending fracture zone parallel to the Silver Connor Fault near the intersection with steeply dipping NW fault zones associated with the Banner McIntosh fault system and an unnamed NW fault and represent an underground oxide exploration target with high potential for further mineralization, both towards surface and to depth. The Dean Cave stopes for which there are production records averaged 0.229 oz/t (7.8 g/t) Au, 5.83 oz/t (200 g/t) Ag from 291 ore cars.