Peloton Minerals Corp. · CSE:PMC
Peloton Minerals — Investor Presentation (March 2026)
33 slides from Peloton Minerals's investor presentation, March 2026
Slide 1: District-Scale Lithium & Critical Minerals Exploration in Nevada, USA
District-Scale Lithium & Critical Minerals Exploration in Nevada, USA North Elko Lithium Project (NELP) March 2026 pelotonminerals.com pelotonminerals.com CSE: PMC OTCQB: PMCCF
Slide 2: Forward-Looking Statement
Forward-Looking Statement Cautionary Statement on Forward-Looking Information & Statements An additional Cautionary Note to Investors – In the event that we use The following presentation may include certain “forward-looking certain terms in this presentation, such as “resource”, “measured statement
Slide 3: Project Snapshot
NORTH ELKO LITHIUM PROJECT (NELP), NEVADA, USA Project Snapshot Project Scale & Ownership U.S. Critical Minerals Exposure 20 sq. miles (53 sq. km) Multiple strategic minerals confirmed in a single Nevada asset. Metallurgical test work underway on recovery pathways. Aligned with U.S. supply security
Slide 4: Capitalization and Market Information
OVERVIEW Capitalization and Market Information Recent Share Price 52 Week Low-High Shares Outstanding Market Capitalization C$0.1050 C$0.0650 152 million C$14 million February 10, 2026 C$0.3050 Ownership Management & Management & Close Holders 30% Close Holders 30% Core Shareholders 30% Other Retail
Slide 5: North Elko Lithium Project (NELP)
NEVADA, USA North Elko Lithium Project (NELP) v NELP is located adjacent to the Surge Battery Metals discovery of the highest grade, district scale lithium in claystone resource in North America. Project Scale & Geology Ownership & Structure District-scale project (20 sq. mi / 53 sq. 100% owned with
Slide 6: Quality U.S. Projects Key to Closing Supply Gap
MARKET DYNAMICS AND SUPPLY FORECAST Quality U.S. Projects Key to Closing Supply Gap U.S. Demand Forecast Thacker Pass (Nevada) Rio Tinto bullish on Lithium +400,000 tonnes $3.9 Billion invested $6.7 Billion purchase China controls ~67% LCE in 2030 of global lithium GM and the U.S. DOE have of Arcadi
Slide 7: Nevada Lithium Clay Districts Drive U.S. Supply
U.S. LITHIUM SUPPLY OPPORTUNITY Nevada Lithium Clay Districts Drive U.S. Supply Market Avg M&I OPEX Mine Partners / Company Stage Cap Grade Resources Est. Life Notes GM (US$1B), Mine Under 2,230 US$6,238 85 C$1.97B 44.5 Mt LCE DOE (US$2.6B) Construction ppm Li p/t LCE years Ford (US$700M), Mine Unde
Slide 8: Surge & Peloton Ground Positions
THE TWO LARGEST POSITIONS IN NORTH EASTERN NEVADA Surge & Peloton Ground Positions Property size: 17 sq. mi (44 sq. km) Property size: 20 sq. mi (53 sq. km) Lithium deposit is in shallow clay Mineralized Clay Bed: underlying bed layers striking toward Peloton with lithium, rubidium, cesium, and othe
Slide 9: Peloton's Systematic Exploration Approach
COMPLETED MILESTONES & TECHNICAL RESULTS Peloton’s Systematic Exploration Approach Completed Since 2024 Strategic Technical Results Hyperspectral Data reprocessing Surface Analysis Geologic Setting and geologic analysis Hyperspectral data confirms clay-bearing NELP sits within an alkaline paleolake
Slide 10: Hyperspectral UV Data
LITHIUM BEARING CLAY LAYER Hyperspectral UV Data Hyperspectral UV data across the Peloton property identifies pixels representing outcrops of a near-surface clay layer containing critical lithium-bearing minerals: smectite, hectorite, and illite. This suggests that a clay layer underlies the entire
Slide 11: Soil Geochemistry (Li)
ELEVATED LITHIUM ANOMALY Soil Geochemistry (Li) Soil geochemistry surveys across the Peloton property have identified an elevated lithium anomaly extending over approximately 9.65 sq. miles (25 sq. km), as well as highly elevated rubidium and cesium. 2026 soil geochemistry survey pending across sout
Slide 12: Two categories of lithium minerals and enrichment
X-RAY DIFFRACTION ANALYSIS Two categories of lithium minerals and enrichment* Lithium Bearing Alteration Minerals Primary Lithium Magma Minerals (hectorite, illite, others) (alkaline rhyolites & melts) Highly alkaline (high pH) hot water circulates within the Primary lithium-bearing magma extrudes i
Slide 13: Airborne Magnetics
NW ORIENTED STRUCTURES IDENTIFIED Airborne Magnetics Airborne magnetic survey data combined with hyperspectral imaging, Surge drill holes, and Peloton drill pads reveals prominent northwest- oriented structures. pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 13
Slide 14: tTEM Was Used Successfully by Surge and LAC to Map Clay Layers
tTEM GEOPHYSICAL SURVEY tTEM Was Used Successfully by Surge and LAC to Map Clay Layers Buried by Upper Stratigraphy The tTEM unit is towed behind Blue lines represent roads an ATV or truck and reads surveyed using tTEM straight down to a depth of geophysics across a 20 about 300 feet. sq. miles (53
Slide 15: Near-Surface Clay Layer Identified Over 4.4 Miles Strike Length
tTEM GEOPHYSICAL SURVEY Near-Surface Clay Layer Identified Over 4.4 Miles (7km) Strike Length Through the Heart of the Property Cross Section of the Surveyed Road Location of the Surveyed Road Highlighted in Green pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 15
Slide 16: 2025 Maiden Drill Program Success
FOUR STRATEGIC, WIDELY SPACED DRILL HOLES ACROSS 50 SQ KM OF MINERALIZED CLAY 2025 Maiden Drill Program Success Scale Confirmation Mineralized clay bed confirmed to 500ft depth across an area 4 miles x 2 miles (7km x 3.5km) Lithium Potential Establishes that NELP is fertile for lithium as well as ot
Slide 17: Surge Lithium Zone is Oriented NW – SE and Open to the SE
SURGE DRILLING IS STEPPING TOWARD PELOTON HOLE 3 Surge Lithium Zone is Oriented NW – SE and Open to the SE Surge drilling is stepping toward Peloton Hole 3 • Hole 3 intersected up to 1155 ppm Li on strike from the Surge Li deposit • Hole 3 was stopped at 500 feet, still in clay mineralization peloto
Slide 18: NELP Claim Outline Superimposed on LAC Resource
NELP CLAIM SIZE VS. THACKER PASS NELP Claim Outline Superimposed on LAC Resource* Peloton's NELP claims cover a significant land position of 20 sq. miles (53 sq. km), providing substantial exploration upside. Thacker Pass (LAC) is shown for scale reference as North America's largest known lithium de
Slide 19: Corporate Inquiries
Corporate Inquiries Edward (Ted) Ellwood Bayline Capital Partners Auditor: President & CEO Aaron Unger RSM, Chartered Accountants T: (416) 480-0160 T: 519-697-2313 Partner Tedellwood@gmail.com T: 416-818-0050 aunger@baylinecapitalpartners.com Investment Banker / Advisors: Legal: Paul Teodorovici IBK
Slide 20: Appendix
Appendix Detailed Technical Information available at www.pelotonminerals.com
Slide 21: Board of Directors and Management
EXPERIENCED TEAM Board of Directors and Management John F. O’Donnell LLB, Chairman of the Board BA (Economics) Edward (Ted) L. Ellwood President & CEO, Director MBA 200 years of combined experience Eric Plexman CFO & Corporate Secretary, Director playing respective roles in resource exploration, dis
Slide 22: Drilling November – December 2025
DRILLING NOVEMBER – DECEMBER 2025 pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 22
Slide 23: Drilling November – December 2025
DRILLING NOVEMBER – DECEMBER 2025 pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 23
Slide 24: Geologic Mapping Shows Prospective Area Bounded by Slip Faults
GEOLOGIC MAPPING Geologic Mapping Shows* Prospective Area Bounded by Slip Faults on the East and West * Compilation: ▪ Elko County Digital Geology Map ▪ Nevada Bureau of Mines and Geology ▪ Peloton Geologic Mapping pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 24
Slide 25: Soil Geochemistry
ELEVATED RUBIDIUM AND CESIUM ACROSS SURVEY AREA Soil Geochemistry Rubidium (Rb) Cesium (Cs) v 2026 soil geochemistry survey pending across southern claim blocks (staked post- northern survey completion) pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 25
Slide 26: Rubidium & Cesium
OVERVIEW Rubidium & Cesium US currently obtains 100% of Rubidium and Cesium needs from China or Russia US & Japan have labeled Rubidium as an “emerging critical metal” 37 55 Rubidium Cesium Uses: Rb Uses: Cs • Advanced Electronics & Communication • Oil & Gas • Energy & Battery Sector • Timekeeping &
Slide 27: The Yellowstone Hotspot and Regional Geology
REGIONAL GEOLOGY The Yellowstone Hotspot is believed to be responsible for volcanic activity in Northern Nevada (16– Yellowstone Today 12.5 million years ago), resulting in calderas, grabens, and lithium clay deposition. 16-12.5 Million Years Ago pelotonminerals.com Peloton Minerals Corporation Marc
Slide 28: Surge Drill Hole Locations
SURGE DRILL HOLE LOCATIONS The Yellowstone 16 Holes to Achieve Maiden Resource Hotspot is believed to be responsible for 37 Holes vto Date volcanic activity in Northern Nevada (16– 11.24 MT LCE12.5 millionat Inferred years 3,010ago), Li resulting in calderas, grabens, and lithium Discovery costs cla
Slide 29: NNLP Lithium Project PEA Overview
NNLP Lithium Project PEA Overview Surge’s NNLP Lithium Project Inferred Resource After Tax NPV (8% Discount) PEA Highlights* June 2025 ($ US Dollars) 11.24 Mt LCE $9.214 B at 3,010 ppm Li After Tax IRR — 22.8% Mining & Process Mine Life 42 years Mining & Process Open Pit, Acid Leach Average Annual P
Slide 30: Thacker Pass Overview
Thacker Pass Overview Thacker Pass Updated Proven Measured & After Tax NPV (8% Discount) Feasibility Highlights* & Probable Indicated December 2024 ($ US Dollars) 14.5 Mt LCE 44.3 Mt LCE $5.9 B at 2,230 ppm Li at 2,540 ppm Li After Tax IRR — 19.6% Mining & Process Mine Life 85 years Mining & Process
Slide 31: Thacker Pass Process Flow Chart
Thacker Pass Process Flow Chart Source: LithiumAmericas Corporate Presentation 2023 pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 31
Slide 32: Life cycle of a Junior Explorer
THE LASSONDE CURVE Life cycle of a Junior Explorer Source: Brent Cook / Kitco pelotonminerals.com Peloton Minerals Corporation March 2026 pelotonminerals.com 32
Slide 33: For more information, visit pelotonminerals.com
For more information, visit pelotonminerals.com CSE: PMC OTCQB: PMCCF Email: Registered Head Office pelotonminerals45@gmail.com 380 Wellington Street Tower B, 6th Floor Tel: (519) 964-2836 London, Ontario Fax: (519) 964-2701 N6A 5B5
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