North Peak Resources Ltd. is finalizing plans for its upcoming drilling campaign on its Prospect Mountain Property in Eureka, Nevada (the ?Property? or ?Prospect Mountain?) which is expected to consist of up to 15,000 feet of R/C drilling with 20-30 holes targeting the gold zones on patented claims in the Wabash and Delaware/Madrid areas located in the northern portion of the Property (?Prospect Mountain North?). Drilling at Prospect Mountain North will be at select areas around the former high-grade Williams, Wabash and Chicago gold mines, and the Wabash area which had 91 holes for 27,615 feet of vertical RC drilling completed in 1998/1999 when the gold price was much lower.

The campaign is also expected to include follow-up on a drill hole drilled by Homestake Mining that returned very promising gold assays; it is a lone hole located in the eastern portion of the Property with no other historic drilling activity nearby. Some of the better RC intersections from historical drilling that will be followed up include: North (Wabash) Area: 0.24 oz/t over 80 ft including 1.6 oz/t over 5 ft plus 1.1 oz/t over 5 ft (8.2 g/t Au over 24.4 m + 22.6 g/t Ag), starting at 145 ft; 0.12 oz/t over 50 ft including 0.49 oz/t over 5 ft plus 0.37 oz/t over 5 ft (4.1 g/t Au over 15.2m + 59.9 g/t Ag) starting at 0 ft; 0.13 oz/t over 70 ft including 1.0 oz/t over 5 ft plus 0.28 oz/t over 5 ft (4.5 g/t Au over 21.3m + 35.0 g/t Ag) starting at 0 ft; 0.09 oz/t over 40 ft (3.0 g/t Au over 12.2 m + 38.7 g/t Ag) starting at 0 ft; 0.08 oz/t over 45 ft including 0.26 oz/t over 5 ft (2.9 g/t Au over 13.7 m + 42.3 g/t Ag) starting at 0 ft; 0.12 oz/t over 55 ft including 0.86 oz/t over 5 ft plus 0.30 oz/t over 5 ft (4.1 g/t Au over 16.8 m + 25.3 g/t Ag) starting at 305 ft; and 0.16 oz/t over 45 ft including 1.25 oz/t over 5 ft (5.6 g/t Au over 13.7 m + 60.8 g/t Ag) starting at 20 ft. East (Homestake Hole 1725) Area: 0.15 oz/t over 25 ft including 0.29 oz/t over 5 ft plus another 0.29 oz/t over 5 ft (5.0 g/t Au over 7.6 m + 21.6 g/t Ag) starting at 570 ft; 0.05 oz/t over 55 ft including 0.13 oz/t over 5 ft plus 0.12 oz/t over 5 ft (1.6 g/t Au over 16.8 m + 75.7 g/t Ag) starting at 1175 ft; and 0.05 oz/t over 10 ft (1.6 g/t Au over 3.1 m + 140.0 g/t Ag) starting at 1,310 ft.

Prospect Mountain contains both patented and unpatented land claims and hosts some 15-20 former underground gold mines close to surface as well as around 11 miles of underground tunnels. The surface topography is such that the drill program's design will be configured to shorter holes, many of which should be able to be drilled inside of a shift. Discussions with permitting authorities are progressing and the Company is targeting receipt of the necessary approvals in Spring 2024, which should coincide with winter conditions at Prospect Mountain North giving way to warmer weather and more reliable and safe ground conditions, all of which are critical for the drill program to commence.