North Peak Resources Ltd. announced that a drill has been mobilized to Prospect Mountain North area within the Prospect Mountain Property in Eureka, Nevada and drilling will commence this week. In preparation for the drill program, the Company completed a further rock chip sampling campaign in April 2024 that focused on the infrastructure of the historical mines that exist in the area. Highlights of that rock chip sampling campaign include: Industry Tunnel, where the drilling will begin, recorded a chip sample of 20.5 g/t (0.66 oz/t) Au.

Dead Broke Mine ­ yielded high silver values up to 911 g/t (29.2 oz/t) Ag, with up to 4.9 g/t (0.16 oz/t) Au. Dead Broke grab dump samples ranged up to 7 g/t (0.22 oz/t) Au and 265 g/t (8.5 oz/t) Ag. Duke Mine ­ the area around which had high silver values up to 655 g/t (21 oz/t) Ag, with up to 4.4 g/t (0.14 oz/t) Au.

Madrid Mine ­ a small working, but had up to 2.5 g/t (0.08 oz/t) Au, and 158 g/t (5.1 oz/t) Ag. Samples were primarily of gossan (oxidized sulfide ore) chipped from the walls of old stopes accessed by the historic tunnels. 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 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 sampling data contained within the press releases of 18 October 2023 and 31 January 2024, and geophysics, to help continue to determine near surface drill targets on the Property.