Peloton Minerals begins trading on OTCQB

Oct 11, 2016

PELOTON APPROVED FOR LISTING ON THE OTC QB MARKET IN THE UNITED STATES

Peloton Minerals Corp. has been approved for listing of the company shares on the OTCQB Market in the United States and will also continue to list on the Canadian Securities Exchange. The company’s shares have commenced trading on the U.S. OTCQB Market under the trading symbol PMCCF.

The OTCQB Market is referred to as “America’s venture market” in the OTC Markets literature with 960 U.S. and international companies listed having $74.2-billion (U.S.) in total market cap and a median market cap of $12.8-million (U.S.). The objective in seeking this dual U.S. listing is to increase exposure, liquidity and market cap.

The company recently commenced a core drilling program at the Golden Trail project in Nevada and will also conduct a detailed geologic mapping and soil geochemistry program at the Independence Valley project, Nevada. Both projects are located in Elko county, Nevada, and are about 77 miles apart on the newly identified Northeastern Nevada gold trend. Newmont’s Long Canyon project is between Peloton’s two projects and Pilot Gold is nearby to the south at Mount Kinsley.

At Golden Trail, the company has permitted 11 drill stations along the largest identified surface vein, the Golden Trail vein, which is over 1,200 metres long and has an associated alteration zone that averages about 30 metres wide. Gold values above 20 parts per billion are common within the zone and several samples above nine grams per tonne gold have been taken in the central Golden Trail vein area, including one rock-chip sample of decalcified limestone that contained over 28 grams per tonne gold. Continuous five-foot trench samples across the Golden Trail vein returned 13.7 grams per tonne gold with 37.2 grams per tonne silver in one five-foot trench and 3.49 grams per tonne gold with 105 grams per tonne silver in a second five-foot trench.

At the Independence Valley project, the company plans to detail earlier geologic mapping that identified a mineralized but untested rhyolite dome. Ionic leach soil geochemistry and surface geophysics are also planned, weather permitting, the purpose of which is to identify drill targets, with a focus along the same structure (fault) which contains the rhyolite feeder (intrusive).

The Independence Valley project is within the Spruce Mountain mining district which contains many historic base and precious metals mines and has been mined since the 1840s. Rhyolite and granitic intrusive rocks are found in almost all of these mines and intrude the mineralized structures at the same time as mineralization or just afterward.

The rhyolites could be considered the smoking gun for mineralization within the Spruce Mountain mining district and the Independence Valley project is centred on the largest untested rhyolite dome complex in the district.

Dr. Richard C. Capps, PhD, is the qualified person responsible for approving the technical information contained within this release.

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