North Peak Resources : Prospect Mountain - September 2023

North Peak Launches Exploration Programs on Historic Prospect Mountain Gold-Silver-Lead Mine Complex in Eureka, Nevada

Pictured here is the commencement in May of an airborne Mobile MT geophysical survey by Expert Geophysics of Prospect Mountain which is in the background

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Forward Looking Statement

This presentation (the "Presentation") and its contents are the property of North Peak Resources Ltd. ("NPR", "North Peak", "North Peak Resources" or the "Company").

This Presentation contains certain forward-looking statements or "forward-looking information" within the meaning of applicable securities laws that are based on expectations, estimates, intentions, plans, beliefs and projections of the Company as at the date of the Presentation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The information in this Presentation about the future plans or objectives of the Company are forward-looking information. Other forward-looking information includes, but is not limited to, information concerning the intentions, plans and future actions of the Company. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, but are not limited to, failure to establish resources and reserves, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, the impact of the new coronavirus (COVID-19) on the Company's operations and global economic conditions, delays in the development of projects and other factors, as well as those risk factors discussed or referred to in NPR's Management's Discussion and Analysis for the year ended December 31, 2022 and the period ended June 30, 2023 and the Management Information Circular of the Company dated May 5, 2023, available at www.sedar.com.Forward-looking statements or information contained in this Presentation are expressly qualified by this cautionary statement.

This Presentation does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to purchase or subscribe for any securities of the Company nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to such securities. The information contained herein was not prepared in connection with an offering of securities and in no way constitutes an offering memorandum for the purposes of applicable securities law. Further, this Presentation is for informational purposes only and must not be used or relied upon for the purpose of making any investment decision or engaging in any investment activity.

Neither NPR, nor any of their directors, officers, employees, agents or advisors make any representation or warranty in respect of the contents of this Presentation or otherwise in relation to NPR or their respective businesses. In particular, no representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained herein, which have not been independently verified. No person shall have any right of action (except in case of fraud) against NPR or any other person in relation to the accuracy or completeness of the information contained in this Presentation. The information contained in this Presentation is provided as at the date hereof and is subject to amendment, revision and updating in any way without notice or liability to any party. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Certain information contained herein has been prepared by third-party sources. The information provided herein has not been independently audited or verified, by NPR. NPR has used its reasonable best efforts to ensure the accuracy and completeness of the information presented.

Mr. Mike Sutton, P.Geo., a director of the Company, is the Qualified Person (as defined by NI 43-101) who reviewed and approved the scientific and technical information in this document. The Qualified Person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of properties referenced herein or any underlying property agreements.

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Introduction to NPR & Prospect Mountain

• In May 2023 the company, founded by the team behind Kirkland Lake Gold & Rupert Resources, secured an option agreement for the privately held

Prospect Mountain property.

• Asset fulfilled the criteria of being a historic mining area with potential of in excess of $1,000 ore to ensure high profit margin potential
• Prospect Mountain had been held privately for 40 years by a geologist with no experience of building and developing mining companies. He died in 2021 and the family decided to find a team that could work with them to develop and build the asset
• The Mountain rises from 6,500 feet at the base to 9,000 feet and has around 11 miles of underground tunnels
• The focus on the area started to change as a few entities started investing in the area as they looked beyond just the Carlin style deposits and started drilling and evaluating CRS polymetallic options

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Eureka Historic Mining Camp

• Mining in Eureka dates back to the 1860's when the first Carbonate Replacement Deposits (CRD) were discovered. New smelting technologies were developed to smelt the very rich gold, silver, lead, zinc ores. The historic ruby hill mine alone generated more dividends for its shareholders than the entire state of Colorado at the time.
• The CRD oxide ores were exhausted in the early 1900's and large- scale mining ceased until the discovery of Carlin type gold silver ores in the 1980's when several mines were opened in the area. Since then, the focus has been strictly on gold until the very recent CRD discoveries by I-80 to the north of the property .
• Despite being the 2nd largest historical producer in the camp the property has seen no significant exploration since the early 1900's.
• The property has potential for both Polymetallic CRD and Carlin type gold deposits. Both deposit styles are controlled by faulting, with the major faults controlling mineralisation at I-80's Ruby Hill area, extending southwards onto the property.

Map of historical workings (green) and old stopes (red) projected to surface showing critical faults at Prospect Mountain property

• * Nolan, T.B. 1962. The Eureka Mining District, Nevada: Geological Survey Professional Paper 406. Washington: United States Government Printing Office.

Mining Eras 1870-1910,1955-1965, 1980 +

Grades mined 0.35-65 ounce per ton gold, 10-20 ozs silver, 15-25% lead

ZONES	4th July	Wall	McIntosh	Deadbroke	Wabash
		Street

m

	Main Diamond Level
Shaft 3	7600 (eastern access)
Shaft 2

Shaft 1

Incline

Shaft 4

• Water table not yet reached

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Mountain ridgeline

m

Silver Connor Level 7200 (western access)