Ann: Results of Capital Raising, page-2

The Board of Directors of NewPeak Metals Limited (the Company; ASX:NPM) is pleased to advise that the Company has entered into binding arrangements with a number of sophisticated and professional investors to raise $1.625 million by way of private placement.

The placement was undertaken at 0.15 cents per share, with one attaching free option for each two shares subscribed, exercisable at 0.4 cents each over a 24- month period. The issue of the attaching options is subject to shareholder approval at a General Meeting.