Couloir Capital is Pleased to Announce That it Has Updated its Research Coverage on North Peak Resources

Rhea-AI Summary

North Peak Resources (OTCQB:NPRLF, TSXV:NPR) drew renewed analyst focus as Couloir Capital updated coverage on February 27, 2026. The report highlights early drilling at Prospect Mountain with notable intercepts (42.67 m @ 0.82 g/t Au; 99.06 m @ 0.56 g/t Au) and discovery along the Silver Connor fault.

Couloir frames Lower PME as a second near-surface target and notes North Peak sits geographically between McEwen and i-80 Gold, with regional consolidation increasing camp activity.

Positive

• Drill intercepts: 42.67 m @ 0.82 g/t Au and 99.06 m @ 0.56 g/t Au
• New zone discovered along the Silver Connor fault
• Second near-surface target: Lower PME identified at base of mountain
• Strategic positioning: Located between McEwen and i-80 Gold in active camp

Negative

• Early-stage data: Results based on first six holes (807 m) only
• Nearby competitors advancing: McEwen targeting a resource in H1 2026, increasing regional activity

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Couloir Capital is pleased to announce that it has updated its research coverage on North Peak Resources Ltd. (TSXV: NPR) (OTCQB: NPRLF) (or "Company"). Couloir Capital's Senior Mining analyst, Ron Wortel, MBA, P.Eng., QP, crafted a report titled "Drilling targeting resource development and regional consolidation, driving interest in this Nevada explorer."

Report excerpt: "We are updating our coverage of North Peak Resources as it is systematically advancing its flagship Prospect Mountain project toward an initial, near-surface gold resource by expanding and linking mineralization northward between known high-grade trends. Recent results from the first six holes (807 m) of the Wabash/Industry Tunnel drill program demonstrate this strategy in action, with encouraging halo mineralization intersected between the Wabash and Williams lodes, including 42.67 m @ 0.82 g/t Gold and 99.06 m @ 0.56 g/t Gold and the discovery of a new gold-bearing zone along the Silver Connor fault. These results not only extend the mineralized envelope northward but also illustrate that the Company is expanding a continuous mineralized system with both depth and strike potential, rather than merely chasing isolated high-grade hits.

Beyond the northern area, North Peak has identified a second near-surface resource opportunity at Lower PME, located at the base of the mountain and interpreted to host the Hamburg/Dunderberg contact under cover. This structure corresponds to the same fault zone that McEwen Mining is actively advancing, targeting a resource in H1 2026. McEwen's regional consolidation, most recently involving Golden Lake Exploration, now places North Peak between McEwen and i-80 Gold, both of whom are investing heavily in delineation and development across the camp. Importantly, North Peak's Lower PME target represents a down-dip extension of the system that remains open at depth."

The report can be accessed through Couloir Capital's portal: https://www.couloircapital.com/research-portal.

About Couloir Capital Ltd.

Couloir Capital Ltd. is an investment research firm with a team of experienced investment professionals providing institutional-quality research coverage for small-cap equities. Our research reports are distributed via Bloomberg, FactSet, Capital IQ, LSEG, Research Tree and other platforms, as well as via social media and extensive email distribution lists. To subscribe, visit: https://www.couloircapital.com/research-portal

For further information, please contact:

Rob Stitt, Managing Director, Couloir Capital Ltd.
Email: rstitt@couloircapital.com
www.couloircapital.com

DISCLAIMER:

1. Analyst Disclosure: The Company has retained Couloir Capital under a service agreement that includes analyst research coverage only.

2. The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated fund entity.

Investors are encouraged to read the complete list of disclosures contained in the report.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285587

FAQ

What drilling results did Couloir Capital report for North Peak (NPRLF) on February 27, 2026?

Couloir Capital reported intercepts including 42.67 m @ 0.82 g/t Au and 99.06 m @ 0.56 g/t Au. According to Couloir Capital, these early holes (first six, 807 m) show halo mineralization and a newly identified zone along the Silver Connor fault.

Does the Couloir Capital update say North Peak (NPRLF) has a new target at Lower PME?

Yes. According to Couloir Capital, Lower PME is identified as a second near-surface resource opportunity. The report interprets Lower PME to host the Hamburg/Dunderberg contact and as a down-dip extension that remains open at depth.

How does Couloir Capital describe North Peak's (NPRLF) regional position with peers?

Couloir Capital notes North Peak sits between McEwen and i-80 Gold, in a consolidating camp. According to Couloir Capital, nearby companies are actively delineating and developing targets, increasing regional investment and focus on the district.

Are North Peak's (NPRLF) Prospect Mountain results sufficient to define a resource now?

Not yet. According to Couloir Capital, the program is advancing toward an initial near-surface resource but current results derive from the first six holes (807 m) and illustrate expansion potential rather than a completed resource estimate.

What significance does the Silver Connor fault discovery have for North Peak (NPRLF)?

The discovery indicates a new gold-bearing zone along a regional structure. According to Couloir Capital, this extends the mineralized envelope northward and supports a continuous mineralized system with depth and strike potential.

Where can investors access the full Couloir Capital report on North Peak (NPRLF)?

The report is available through Couloir Capital's research portal. According to Couloir Capital, investors can access the updated coverage and detailed drill information via their research-portal link.