Peloton Minerals Corp. · CSE:PMC
Peloton Minerals — Investor Presentation (October 2026)
33 slides from Peloton Minerals's investor presentation, October 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) October 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 U.S. Critical Minerals Exposure Project Scale & Ownership Multiple strategic minerals confirmed in a single Nevada asset. Metallurgical test work underway on 20 sq. miles (53 sq. km) 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$0.08 C$0.0750 164 million C$13.5 million May 27, 2026 C$0.3050 Ownership Management & Management & Close Holders 30% Close Holders 30% Core Shareholders 30% Other Retail 40%
Slide 5: North Elko Lithium Project (NELP)
NEVADA, USA North Elko Lithium Project (NELP) Peloton’s NELP is located adjacent to the Surge Battery Metals v discovery of the highest grade, district scale lithium in claystone resource in North America. NELP Highlights Project Scale & Geology Ownership & Structure District-scale project (20 sq. m
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: Rubidium
OVERVIEW Rubidium US currently obtains 100% of Rubidium needs from China or Russia US & Japan have labeled Rubidium as an “emerging critical metal” 37 Rubidium Rubidium Uses: Rb Market Size: • Advanced Electronics & Communication • The global rubidium market is forecast to reach approximately • Sola
Slide 8: 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 9: 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 10: Peloton's Systematic Exploration Approach
COMPLETED MILESTONES & TECHNICAL RESULTS Peloton’s Systematic Exploration Approach Completed Since 2024 Strategic Technical Results Hyperspectral Data reprocessing and geologic analysis Surface Analysis Geologic Setting Land Acquisition: Total 642 claims Hyperspectral data confirms clay-bearing NELP
Slide 11: Hyperspectral UV Data
LITHIUM BEARING CLAY LAYER Hyperspectral UV Data Hyperspectral UV data across the Peloton property identified pixels representing outcrops of a near-surface clay layer containing critical lithium-bearing minerals: smectite, hectorite, and illite. That suggested that a clay layer/s underlies the enti
Slide 12: Soil Geochemistry (Li)
ELEVATED LITHIUM ANOMALY Soil Geochemistry (Li) Soil geochemistry surveys across the Peloton Lithium (Li) property have identified an elevated lithium anomaly extending over approximately 9.65 sq. miles (25 sq. km), as well as elevated rubidium (next slide). ** 2026 soil geochemistry survey complete
Slide 13: Soil Geochemistry (Rb)
ELEVATED RUBIDIUM ACROSS SURVEY AREA Soil Geochemistry (Rb) Rubidium (Rb) Elevated Rubidium values up across the entire northern half of the property. ** 2026 soil geochemistry survey completed July 2026 across southern claim block with results pending (southern portion was staked post completion of
Slide 14: Two categories of lithium & critical minerals enrichment
X-RAY DIFFRACTION ANALYSIS Two categories of lithium & critical minerals 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 ext
Slide 15: 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 16: 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 October 2026 pelotonminerals.com 16
Slide 17: 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 and Rubidium Potential Establishes that NELP is fertile for lithium
Slide 18: 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 19: Airborne Magnetics
NW ORIENTED STRUCTURES IDENTIFIED Airborne Magnetics NELP Basin Magnetics Shows NW Trends With Surge Drilling And Peloton Hole 3 – 1150 ppm Li Also on a NW Trend pelotonminerals.com Peloton Minerals Corporation October 2026 pelotonminerals.com 19
Slide 20: NELP Claim Size vs. Thacker Pass
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 21: 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 22: Appendix
Appendix Detailed Technical Information available at www.pelotonminerals.com
Slide 23: Board of Directors and Management
EXPERIENCED TEAM Board of Directors and Management John F. O’Donnell Chairman of the Board LLB, 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 24: Drilling November – December 2025
DRILLING NOVEMBER – DECEMBER 2025 pelotonminerals.com Peloton Minerals Corporation October 2026 pelotonminerals.com 24
Slide 25: Drilling November – December 2025
DRILLING NOVEMBER – DECEMBER 2025 pelotonminerals.com Peloton Minerals Corporation October 2026 pelotonminerals.com 25
Slide 26: 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 October 2026 pelotonminerals.com 26
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 Octo
Slide 28: Surge Drill Hole Locations
SURGE DRILL HOLE LOCATIONS The Yellowstone 20 Holes to Achieve Maiden Resource Hotspot is believed to be responsible for 37 Holes vto Date (through volcanic activity2025) in Northern Nevada (16– 12.5 million 10.5 MT LCE Inferred atyears 3,007ago), Li (M & I) resulting in calderas, grabens, and lithi
Slide 29: NNLP Lithium Project PFS Overview
NNLP Lithium Project PFS Overview Surge’s NNLP Lithium Project Measured & Indicated Resource PFS Highlights* October 2026 After Tax NPV (8% Discount) ($ US Dollars) 10.51 Mt LCE $9.81 B Mining & Process at 3,007 ppm Li Mine Life 42 years Mining & Process Open Pit, Acid Leach Payback Metallurgical Re
Slide 30: Thacker Pass Overview
Thacker Pass Overview Thacker Pass Updated Feasibility Highlights* Proven Measured & After Tax NPV (8% Discount) & Probable Indicated December 2024 ($ US Dollars) 14.5 Mt LCE 44.3 Mt LCE $5.9 B at 2,230 ppm Li at 2,540 ppm Li Mining & Process After Tax IRR — 19.6% 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 October 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 October 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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