Peloton Minerals Corporation reported substantial progress on the Boulder Copper Porphyry Project near Butte, Montana through subsidiary Celerity Mineral Corporation. Since acquiring the Boulder Property in August 2021, Celerity's executive and technical team has worked to build the foundation to prepare and support Celerity's plan for a) extensive geophysical work in 2022; b) a public listing in 2022; and c) a 50,000 to 80,000 feet drill program in 2023. Celerity has added key directors, executives, and advisors with the necessary technical and financial experience to execute this plan.

2022 Geophysical Plan - Big Sky Geophysics of Bozeman, Montana has been retained to conduct a thorough review and assessment of considerable historical geophysical data on the Boulder Property including a Furgo DIGHEM and magnetic airborne geophysical survey, a Quantec Titan 24 IP survey and two detailed Matrix IP surveys. This review is expected to guide follow-on geophysical surveys planned for this summer. 2022 Celerity Public Listing - A draft NI 43-101 report has been prepared in anticipation of Celerity plans to file a prospectus and seek a Canadian listing as its own self-funding public company later this year.

The appropriate legal counsel, auditors and transfer agent have been identified or retained. 2023 Drill Program - An initial application for drilling has been prepared and filed with the US Forestry Service with drilling proposed to start in 2023 if approved. This application mirrors a permit previously issued to a prior operator that has lapsed.

The Boulder Property is located approximately 16 miles (26 km) north-northeast of Butte, Montana, home of the historic Butte mining district. The Boulder Property is also approximately 20 miles (32 km) south-southwest of the Montana Tunnels, another large-scale former base and precious metal producer. The Boulder Property is known to contain a large copper-molybdenum porphyry system within the Boulder Batholith and coeval Elkhorn Mountains Volcanics.

The Butte, the Boulder Property and Montana Tunnels are all situated within a major magnetic low that occurs in the Boulder Batholith and along the axis of the Great Falls Tectonic Zone. Each property is further characterized by a more distinct magnetic low immediately to the SW of each.