North Peak Commences Drilling at Prospect Mountain Gold Property

October 15, 2025  •  7:01 AM EDT

Calgary, Alberta – North Peak Resources Ltd. (TSXV: NPR, OTCQB: NPRLF) (“North Peak” or the “Company”) is pleased to announce the commencement of its Autumn drilling campaign at the Prospect Mountain Mine Complex in Eureka, Nevada, along the prolific Battle Mountain–Eureka gold trend. The Eureka camp has produced more than 3.1 million ounces of gold to date¹.

Historical mines and deposits in the area occur at key structural intersections. Much of North Peak’s mapping and exploration work has focused on identifying these critical fault zones that control mineralization.

“2025 has been a year of consolidation for the Company, with efforts focused on bringing the Property to 100% ownership, advancing our geological understanding, and commencing metallurgical test work on the historical dumps. We are now excited to drill new target areas ahead of a larger campaign next year,” said Rupert Williams, CEO.

Drill Program Overview

This initial program combines reverse circulation (RC) and diamond drilling across four main target areas:

1. Williams / Wabash

Building on 2024 results that identified multiple high-grade lodes at the intersection of the Silver Connor and Duke faults, this campaign targets extensions of disseminated oxide gold mineralization between the Wabash and Williams lodes. Notably, hole PM24-004 intersected 126.49 m @ 1.06 g/t Au and 12.3 g/t Ag from surface, including 12.19 m @ 4.20 g/t Au and 71 g/t Ag.

2. Industry Tunnel Area

Focuses on the intersection of the Silver Connor and Industry faults—an area of intense historical mining. Grab samples from old adits returned up to 20.5 g/t Au. Hole PM24-001 intersected 10.67 m @ 0.75 g/t Au (including 1.52 m @ 3.16 g/t Au, 20.8 g/t Ag). The 2025 campaign aims to test deeper into the Eldorado Dolomite, the key host at nearby i-80 Gold’s Mineral Point deposit.

3. Dean Cave Complex

Underground sampling has returned numerous high-grade gold values up to 180 g/t Au and 998 g/t Ag. Surface samples include 33.9 g/t Au, 183 g/t Ag, 0.9% Cu, 1.81% Pb, and 1.66% Zn. Drilling will target fault intersections above historic stopes to follow up on these results.

4. Lower PME Zone

This undercover zone targets the downdip extents of the Hamburg Dolomite and Dunderberg Shale contact—an important regional control on mineralization seen at Rustler, Windfall, and Ruby Deeps. Historical hole HRH1725 cut 4.05 g/t Au and 16.34 g/t Ag over 10.6 m. A larger, more powerful rig will now attempt to reach the target contact despite prior voids encountered in 2024.

Qualified Person & QA/QC

David Pym, CGeol., Consulting Geologist, is the Qualified Person under NI 43-101 who reviewed and approved the technical information herein. All RC drilling is conducted wet per Nevada law, with comprehensive QA/QC including standards, blanks, and field duplicates inserted at a rate of 15%. Samples are assayed by ALS Global (Elko, Nevada) via 30g fire assay and 44-element ICP-MS.

About North Peak Resources

North Peak is a Canadian gold exploration and development company led by the founding team behind Kirkland Lake Gold and Rupert Resources. Its flagship Prospect Mountain Mine Complex lies within the Southern Eureka Gold Belt, hosting Carlin-style, carbonate replacement (CRD), and skarn-related mineralization. A Plan of Operations allows surface exploration across 189 acres and underground mining of up to 365,000 tons per year.

Additional geological details are available in the NI 43-101 Technical Report on the Prospect Mountain Property, Eureka County, Nevada, USA (effective April 10, 2023) by David Pym and Dr. Toby Strauss, filed on SEDAR+.

Contact

Rupert Williams, CEO
info@northpeakresources.com   |   +1-647-424-2305

Chelsea Hayes, Director
info@northpeakresources.com   |   +1-647-424-2305

Disclaimer: Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always conduct your own due diligence. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more. NIA has received compensation from North Peak Resources of US$50,000 cash for a six-month marketing contract and previously received US$50,000 for a prior term. This content is for informational and educational purposes only.