Peloton Minerals closes $272K second tranche of private placement

News Release

August 31,, 2017 CSE SYMBOL: PMC OTCQB Symbol: PMCCF

Peloton Minerals Closes Second Tranche of Private Placement Financing

London, Ontario – Peloton Minerals Corporation (“Peloton” or the “Company”) (CSE Symbol: PMC) has closed the second tranche of a non-brokered private placement (the “Private Placement”) previously announced May 3, 2017 for gross proceeds totaling $272,139.95 and consisting of 4,947,999 units priced at $0.055 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.10. Proceeds from the private placement will be used for general working capital and administrative expenses. The common shares in 525,000 units are issued on a flow-through basis under the provisions of the Income Tax Act (Canada) and the $28,875 from these shares will be spent on the Company’s River Stage Property 90 kilometers southeast of the Town of Kenora, Ontario.

The securities issued in connection with the Private Placement are subject to a hold period expiring four months and one day from the issuance of the securities.

For further information please contact:
Edward (Ted) Ellwood, MBA
President & CEO
1-519-964-2836

Peloton Minerals Corporation is a reporting issuer in good standing in the Province of Ontario whose common shares are listed on CSE (Symbol: PMC). There are 70,456,706 common shares issued and outstanding in the capital of the Company including the issuance described in this release.

Peloton owns a 100% working interest in four gold exploration projects located in the US states of Nevada and Montana and in the Province of Ontario, Canada.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.