North Peak Announces Proposed Extension of Warrant Expiry Date

North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (the " Company " or " North Peak ") announces that, subject to acceptance by the TSX Venture Exchange (the "TSXV"), it intends to extend by three months the expiry dates of an aggregate of 4,515,831 outstanding common share purchase warrants of the Company (the " Warrants ").

Specifically, the Company proposes to extend the expiry dates of: 4,307,498 Warrants from October 17, 2026 to January 17, 2027; and 208,333 Warrants from October 24, 2026 to January 24, 2027.

The Warrants were issued in connection with a non-brokered private placement of equity units of the Company that closed in two tranches on April 17 and April 24, 2025.

See the Company's press releases dated April 21 and April 25, 2025, for further details.

Other than the proposed extensions of their respective expiry dates, all other terms and conditions of the Warrants will remain unchanged, including the exercise price of $0.90 per common share.

The proposed extensions are subject to acceptance by the TSXV, and there can be no assurance that such acceptance will be obtained.

None of the Warrants proposed to be extended were issued to an agent, broker or finder as compensation for services.

A total of 390,000 Warrants are held by persons who are "related parties" of the Company.

Accordingly, the proposed extension of those Warrants constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions .

The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 on the basis that the fair market value of the transaction, insofar as it involves related parties, does not exceed 25% of the Company's market capitalization.

The Company will file a ma...