Kyle Peters, 15, died after he was hit while riding his bicyle on Talbot Road in Leamington on Tuesday evening. ((Charlsie Agro/CBC))

A teen accused in the fatal hit and run death of a 15-year-old Leamington, Ont., boy has been granted bail.

Peter Martens Schmitt, 18, of Harrow, Ont., appeared in provincial court in Windsor Friday morning, charged with failing to remain at the scene of an accident, criminal negligence causing death and dangerous driving causing death.

Schmitt's mother, father, brother and several friends were in the courtroom when the judge released Schmitt on $10,000 bail. On Tuesday evening around 8:30, Kyle Peters, 15, was riding his bicycle toward his home on Talbot Road when he was struck by a vehicle.

Peters was rushed to hospital where he later died.

On Wednesday, police released photos of a piece of black fiberglass broken away from a vehicle, found at the accident scene and appealed to the public for information.

Schmitt turned himself in to Leamington police hours later, and officers impounded Schmitt's older model black Audi.

Sgt. Brian Higgins said an anonymous tip from the public pointed the investigation toward Schmitt.

"Sometimes the most insignificant piece of information can be very significant to an investigation," said Sgt. Brian Higgins.

Prior to Friday's court appearance, Schmitt's brother told CBC News Schmitt told him he panicked at the scene of the accident and did not know what to do and so he drove away.

Peters was a member of the Caldwell First Nation, and his family has erected a teepee-like structure in their backyard as part of a traditional family funeral ceremony that will continue for four days.

Friends of Peters say they are trying to focus on the good memories of the 15-year-old.

"Always being determined and a kid with his head on his shoulders," said Travis Martin, who played hockey with Peters.

Police have not said if alcohol was a factor in the accident, or if Peters was wearing a helmet.

Schmitt is due to return to court in late September.