NEWPEAK METALS LIMITED — Capital/Financing Update 2021

Feb 18, 2021

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Acquisition of Southern Finland Gold Permits Finalised

HIGHLIGHTS

ASX ANNOUNCEMENT

19 FEBRUARY 2021

• Finalisation of the acquisition of additional Southern Finland Gold permits from Sunstone Metals to complement NewPeak Gold properties at Tampere.

ASX Code: NPM

Shares on Issue

4.8 billion

NewPeak Metals Limited, ( Company, NewPeak, ASX:NPM ) is pleased to announce it has finalised the terms and conditions for the acquisition of the four gold Exploration Permits from Sunstone Metals Limited (Sunstone), as previously announced in its ASX release dated 29 January 2021.

Cash on Hand

$1.78m

Market Capitalisation

A$14.5m (at A$0.003 per share)

Directors

Nick Mather (Non-Executive Chairman) David Mason (Managing Director, CEO) Brian Moller (Non-Executive Director) Andrew Gladman (Non-Executive Director)

Company Secretary Karl Schlobohm

Completion will occur in the next few days and as consideration for the acquisition, NewPeak shall pay:

1. $75,000 cash to Sunstone;

2. $250,000 of NewPeak shares at a 30-day VWAP calculated at the completion date;

3. A Milestone payment of $1,500,000 in cash or NewPeak shares at NewPeak’s discretion upon NewPeak delivering a JORC Indicated category resource of a minimum of 500,000 ounces gold equivalent; and

4. Replacement of the existing environmental bond of €13,000 associated with the approved permits.

Contact Details

Level 27, 111 Eagle Street Brisbane Qld 4000 Tel: +61 7 3303 0650 Fax: +61 7 3303 0681

David Mason, Managing Director commented: “The acquisition is a valuable addition to the Company’s Finland permits and further develops the pipeline of Gold prospects in the area. The most advanced prospect in the Sunstone permits, Satulinmäki, is drill ready allowing NewPeak to commence drilling in Finland as soon as a rig is secured.”

Website: NewPeak.com.au Twitter: @ASX_NPM

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This Announcement has been authorised by the Board of Directors.

Mr Karl Schlobohm Company Secretary

For further information contact:

Mr David Mason Karl Schlobohm Managing Director, NewPeak Metals Ltd Company Secretary, NewPeak Metals Ltd Ph: +61 400 707 329 Ph: +61 7 3303 0661 Email: dmason@newpeak.com.au Company website: http://www.newpeak.com.au Follow us on Twitter: @ASX_NPM

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