Peloton Minerals Corporation updated on recent exploration activity and on the company's exploration plans for 2017. Peloton owns a 100% interest in four gold exploration projects located in the States of Nevada and Montana, USA and in the Province of Ontario, Canada. Golden Trail Project, Elko County, Nevada: On the Golden Trail Project, Peloton began a core drilling program in late 2016 and plans to complete the program in 2017. The program is designed to establish structural and zonation controls on mineralization along generally northwest-striking trends of mineralization and alteration. The largest of these zones, the Golden Trail Vein (GTV), cuts calcsilicate hornfels, marble, and hydrothermally altered limestone central to, and contiguous with, a strong northwest striking gravity high. The GTV extends over 1,200 meters in length with an associated alteration zone averaging 30 meters wide. Gold values above 20 ppb are common with several samples assaying above 9 g/t Au and one above 28 g/t Au. A continuous 1.5 meter channel sample assayed over 13 g/t Au. In weathered and oxidized outcrop samples, elevated Ag, As, Sb and Tl values accompany Au in iron-rich zones. Early results from the drill core showed anomalous and coincident values in gold, silver, arsenic, antimony, and thallium in most of the 121 core samples. As a group, these five elements are considered indicators of Carlin-type mineralization. All rock types are strongly hydrothermally altered breccia, limestone, and calcareous siliciclastic sedimentary rocks. Surface outcrops are limited and more drilling is required to confirm structural and zonation controls on mineralization in three dimensions. On the Independence Valley Project, some additional geologic mapping was completed in late 2016 and an NI 43-101 report was initiated. The company plans to complete Induced Polarization geophysics at Independence Valley during the spring-summer of 2017 and incorporate that data into a final NI 43-101 report. On the River Stage Project, the company commissioned a review of available assessment file records and Ontario Geologic Survey data. A first stage exploration proposal has been requested which the company expects to include some combination of surface prospecting, geologic mapping, soil geochemistry and geophysics. The company plans to complete some or all of the recommended program during 2017.