Substantial Progress On The Boulder Copper Porphyry Project

ONTARIO – Peloton Minerals Corporation (PMC) reported substantial progress on the Boulder Copper Porphyry Project near Butte, Montana through subsidiary Celerity Mineral Corporation. Since acquiring the Boulder Property in August 2021, Celerity’s executive and technical team has worked to build the foundation to prepare and support Celerity’s plan for a) extensive geophysical work in 2022; b) a public listing in 2022; and c) a 50,000 to 80,000 feet drill program in 2023. Celerity has added key directors, executives, and advisors with the necessary technical and financial experience to execute this plan.

1. 2022 Geophysical Plan - Big Sky Geophysics of Bozeman, Montana has been retained to conduct a thorough review and assessment of considerable historical geophysical data on the Boulder Property including a Furgo DIGHEM and magnetic airborne geophysical survey, a Quantec Titan 24 IP survey and two detailed Matrix IP surveys. This review is expected to guide follow-on geophysical surveys planned for this summer. 2. 2022 Celerity Public Listing - A draft NI 43-101 report has been prepared in anticipation of Celerity plans to file a prospectus and seek a Canadian listing as its own self-funding public company later this year. The report will be finalized upon completion of geophysical surveys planned for this summer. The appropriate legal counsel, auditors and transfer agent have been identified or retained. 3. 2023 Drill Program - An initial application for drilling has been prepared and filed with the US Forestry Service with drilling proposed to start in 2023 if approved. This application mirrors a permit previously issued to a prior operator that has lapsed.

“We are rapidly advancing the Boulder Property and achieving numerous milestones that will culminate in 2023 with a substantial drill program.” stated Corey Safran, President and CEO. “The potential of this copper project is exciting, and it is our opinion, along with the majority of sector analysts, that we are at the very beginning of a transformative period of increasing global demand for copper that current and projected copper supply will have difficulty fulfilling.”