NORTH PEAK REPORTS FILING OF TECHNICAL REPORT FOR BLACK HORSE PROPERTY

CALGARY, Alta., August 5, 2022 /CNW/ – North Peak Resources Ltd. (TSXV: NPR) (the “Company” Where “North Peak“) announces that it has filed a 43-101 Technical Report with respect to the Black Horse Property (the “Technical report“), which includes information on historical drilling and work, and some of the most recent 2022 drilling undertaken by the Company on the property.

The technical report has been filed in accordance with the requirements of National Instrument 43-101 – Disclosure standards for mining projectsis titled “NI 43-101 Technical Report – North Peak Resources Ltd., Black Horse Project, White Pine Country, Nevada United States” date July 3, 2022prepared by Scott E.WilsonGIC of Metal Mining Consultants Inc., effective April 15, 2022 and was filed on SEDAR at www.sedar.com under the profile of the Company.

The Company’s planned drilling programs at the Black Horse property have been completed and the Company is awaiting outstanding drill assay results.

About North Peak Resources

The Company is a Canadian gold exploration and development company listed on the TSX Venture Exchange under the symbol “NPR”. The Company holds an option to acquire the 2,733 acre Black Horse gold and silver property located approximately 50 miles east of Ely in the Black Horse mining district in White Pine County, Nevada. See the company January 11, 2022 press release for more information. In addition, the Company holds an option to acquire a 100% interest in and for the Kenogami Lake project located approximately 15 km southwest of Kirkland Lake, Ontario and consisting of twenty-seven (27) mining concessions totaling approximately 500.3 hectares (see June 29, 2020 Press release). Further information on the Kenogami Lake Project can be found in the NI 43-101 Technical Report titled “Kenogami Lake Project Technical Report, Ontario, CanadaReport for NI 43-101″ effective date March 15, 2022 prepared by Tudorel Ciuculescu, M. Sc. P. Geo of SLR Consulting (Canada) Ltd., which can be found on the Company’s website or under the Company’s SEDAR profile at www.sedar.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS: This press release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include, but are not limited to, estimates of mineralization from drilling, geological information projected from sampling results, and potential quantities and grades of target areas, potential for minerals and/or mineral resources and statements regarding the Company’s current plans, intentions, beliefs and expectations with respect to future business activities and operational performance of the Company which may be described herein. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking terms such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe”, and “continue”. or the negative thereof or similar variations. 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 known and unknown assumptions, risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and financial markets in particular, the accuracy of assay results, geological interpretations of drilling results, the timing and amount of capital expenditures; the performance of available laboratory and other related services, future operating costs and the historical basis for current estimates of potential quantities and qualities of target areas, and risk factors discussed or referred to in the company’s management report. the Company for the year ended December 31, 2021and the period ended March 31, 2022 available at www.sedar.com, many of which are beyond the Company’s control. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, the Company assumes no obligation to comment on expectations or statements made by third parties regarding the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE North Peak Resources Ltd.

For further information: Brian Hinchcliffe, CEO, Phone: +1-647-424-2305, Email: [email protected], Website: www.northpeakresources.com; Chelsea Hayes, Director, Phone: +1-647-424-2305, Email: [email protected]

Carol N. Valencia