North Peak Resources Ltd. reported that it has drilled its first deep core hole at Prospect Mountain (the "Property") and that a BHEM survey is being undertaken to identify potential locations for further wedge drilling. This first hole NPR23-01 in Phase 1 of North Peak's program was 3,250 feet in length and targeted the roughly 2 kilometre conductive anomaly, located directly beneath the old oxide gold, silver, lead and zinc historical stopes of the Diamond Mine, as a result of geophysical surveys the Company carried out in the summer of 2023. The drill pad was located at an operational optimal location, at the portal entrance to the Diamond mine.

The hole went to a depth of 5,492 feet amsl underneath Shaft 1 of the main workings targeted at the sulphide mineralisation below the water table which is estimated to be at around 6,500 feet amsl. The metal casing was left in the hole to allow for potential wedge holes that would be drilled following the completion of a downhole geophysical BHEM survey. The B HEM survey is being undertaken to evaluate the best orientation for potential wedging of this hole, as it will help to identify the location of the best conductors (sulphides) relative to the position of the original hole.

Samples for this first core hole have been submitted to ALS Laboratories and North Peak is awaiting the completion of the full multi-element results and expects results in the next few weeks.