North Peak Resources Ltd. announced results from the first phase of sampling of surface workings on its Prospect Mountain property in Eureka, Nevada. As part of a surface mapping project, some of the dumps, numerous surface shafts, adits and scrapes were assayed. Highlights: Of the total of 77 rock chip and grab samples, the samples averaged, 2.42 g/t Au, 76.2 g/t Ag, 0.38% Cu, 1.06% Pb, 1.33% Zn.

The highest-grade gold sample assayed 33.9 g/t Au, 183 g/t Ag, 0.9% Cu, 1.81% Pb, 1.66% Zn from an unnamed surface scrape on a patented claim. Twelve samples returned grades > 5 g/t Au, and averaged 10.34 g/t Au, 200.8 g/t Ag, 0.20% Cu, 2.96% Pb, 1.30% Zn. Samples were taken from outcrops and subcrops in old workings where possible, and from the dumps in front of the workings.

While grab samples from dumps are not indicative of in situ grades and are often the "poor quality" ore left behind by the historical miners, they give a useful guide to the composition and grade of the near surface mineralization present on the Property. The samples have so far been taken from the surface mineralization within the Hamburg Dolomite above the underground workings of the historic Diamond Mine, as well as nearby smaller mines, including the Williams Mine, where historic production recorded an average grade of 3.9 oz Au, 28.56 oz Ag and 1.51 % Lead. The Company is using this data to complement and confirm the extensive historical rock grab database gathered in the 1990's by Homestake over the Property that comprises a total of 614 samples.

The combined databases will be used in conjunction with the previously reported soil sampling data contained within the press release of 18 October 2023, and geophysics, to help determine near surface drill targets on the Property. All samples referenced herein were prepped by ALS Elko, 1345 Water St, Elko, Nevada, USA. Gold was assayed at ALS Reno, 4977 Energy Way, Reno, Nevada, USA.

All base metals and silver were assayed by ALS Vancouver, 2103 Dollarton Hwy, North Vancouver, BC, Canada. Gold was assayed by 30g fire assay analysis with AAS or gravimetric finish (Au-AA23/5 or Au-GRA21). Base metals and silver were analyzed using four-acid digestion ICP-MS (ME-MS61), with overlimit assays using Aqua Regia and four-acid digestion with ICP-MS analysis (*-OG62).

All ALS Geochemistry sites operate under a single Global Geochemistry Quality Manual that complies with ISO/IEC 17025:2017, coupled within a global LIMS platform. There is no relationship, fiduciary or otherwise, between ALS and the Company. All samples were of hand specimen size or larger, and were sealed in North Peak's onsite facility and shipped directly to the lab; the Company can guarantee the chain of custody.

The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards and blanks are inserted every 20 samples.