Craig

Vancouver, B.C. September 19, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce surface sampling results from the summer 2023 exploration program at its flagship Buck Project in central B.C. The field campaign focused on exploration at several high-priority targets at the Mount Morice and CR areas and resulted in the discovery of a new zone of copper mineralization.

Highlights:

• Strong copper mineralization: Rock samples returned results up to 1.00% Cu and 3.2 g/t Ag, and 0.94% Cu and 4.1 g/t Ag in a new zone that has seen limited exploration. Target areas show strong porphyry-related mineralization and alteration and remain open for expansion.

• Exploration aimed at discovery: Reconnaissance field work included detailed mapping, sampling, and prospecting around the Mount Morice and CR target areas.

• Completion of step-out drill program at Buck Main: The drill campaign consisted of 3,736 metres over 13 diamond drill holes in high-priority areas aimed at testing the lateral and vertical extents of mineralization (see June 8, 2023, news release). Assays have been released for the first two holes of the program, and remaining assays are being processed at the lab and will be released as they are received and interpreted.

Sharyn Alexander, Sun Summit’s President stated: “We are very pleased with the results from our initial exploration efforts at CR, as well as follow-up exploration at Mount Morice. Both of these targets have shown notable mineralized occurrences through previous exploration and warrant detailed systematic follow-up. The detailed geological mapping and geochemical sampling will allow us to continue to define these targets and advance them towards the drill-ready stage. The results provide evidence of the project’s ongoing potential for expansion and discovery of new mineralized zones.”

Exploration Program

Extensive surface exploration was conducted in the area of Mount Morice and the newly acquired CR project (see June 1, 2023 news release). This work included detailed geological mapping, sampling, and prospecting, with a total of 230 surface samples collected in high-priority areas (203 rock samples, 17 silt samples, and 10 soil samples). See Figure 1 for selected highlights from recent and historic exploration programs.

Figure 1. Surface samples at Mount Morice and CR with selected highlights

Rock sample highlights from the 2023 program include:

• Sample J031024: 1.00% Cu & 3.2 g/t Ag, rhyolite/andesite breccia with strong silicification and copper oxide alteration
• Sample J030700: 0.94% Cu & 4.1 g/t Ag, similar to sample J031024, strongly Cu-oxidized rhyolite
• Sample J030681: 0.64% Cu & 8.1 g/t Ag, drusy quartz veins with disseminated chalcopyrite and strong copper oxides in epidote altered rhyolite
• Sample J030756: 0.39% Cu & 2.1 g/t Ag & 81 g/t Mo, hydrothermal breccia with disseminated pyrite ± chalcopyrite-molybdenite and moderate Cu oxides

Other significant copper results from the 2023 program include:

• Sample J030746: 0.36% Cu
• Sample J030667: 0.30% Cu
• Sample J030755: 0.19% Cu
• Sample J030713: 0.19% Cu
• Sample J030718: 0.18% Cu
• Sample J030719: 0.17% Cu

The Mount Morice target is one of a number of high-priority targets selected for follow-up. This key area is located approximately eight kilometres west of Buck Main on the eastern slopes of Morice Mountain.

Field work at Mount Morice included geological mapping, prospecting, and infill silt sampling. Stream sediment samples from eastern drainages on Mount Morice, downslope from the mapped alteration and vein zones, display highly anomalous gold and silver. Samples from 2022 exploration returned results well above background based on regional stream sediment sampling programs, including 0.26 g/t Au and 0.6 g/t Ag (sample F193428), and 0.25 g/t Au and 0.4 g/t Ag (sample F193427; Figure 1). These results, together with results from mapping and previous selective sampling (see March 1, 2023 news release), suggest the potential of a high-level epithermal system peripheral to a porphyry system. The anomalous gold+silver in silt samples are downstream of widespread propylitic alteration and local zones of strong phyllic alteration with associated quartz stockworks and sulfide-cemented breccias.

The CR area adjoins the Buck project on its western edge and expands the overall property footprint for a contiguous area of 55 mineral claims totalling 52,000 hectares (520 square kilometres). This year represented the first time the CR area was accessed by Sun Summit after its acquisition (see June 1, 2023 news release), and consisted of a first pass reconnaissance assessment of the geological environment and the known zones of mineralization.

A large IP chargeability anomaly, located in the northern section of CR at the North Zone, has seen limited exploration. The anomaly is associated with strong zinc in soils, as well as historic rock samples that have returned values of up to 0.4 g/t Au and 31.7 g/t Ag (sample 3233760; Figure 1).

Previous exploration campaigns in the CR area included soil, rock, and silt sampling, airborne and ground geophysics, as well as diamond drilling. The most significant drill intercepts to date are reported from the South Zone, and include 68 metres at 0.50% Cu, 0.015% Mo in CR05-03; and 168 metres at 0.37% Cu, 0.017% Mo in CR07-14 .

The CR area contains priority targets that warrant detailed systematic follow-up. All known targets show strong porphyry-related mineralization and alteration (distal and proximal assemblages) and are open for expansion.

¹ Intervals are downhole core lengths. True widths are unknown.
² Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining Division, BC Ministry of Energy and Mines, AR 39054, 352 p

Drill Program Completion

The expansion drill program at Buck Main has been completed, consisting of 13 drill holes for 3,736 metres. These holes were targeting new zones of potential high-grade and bulk-tonnage mineralization in previously untested areas, both laterally and at depth. Updated 3D modelling at Buck Main led to an improved understanding of the geological and structural controls of mineralization, and drill holes were designed to test fault structures and veins that are often associated with high-grade mineralization elsewhere within the Buck Main zone.

Initial drill results indicated significant gold, silver, and zinc mineralization extend laterally and at depth, and support the potential for depth extension of bulk tonnage-style disseminated mineralization being delineated at Buck Main (see September 6, 2023 news release).

The remaining drill holes are being processed for assay and geochemical analysis at the lab. Analytical results will be reported as they become available and undergo QA/QC.

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. All sample assay results have been monitored through the Company’s quality assurance / quality control (QA/QC) program. Rock, silt and soil samples collected in the field were placed in polyethylene bags (rocks), kraft paper sample bags (soils), and spunbonded polyester fabric bags (silts). UTM coordinates of sample locations were recorded using a handheld Garmin GPS device. For soil samples, sample locations were marked in the field with coloured flagging tape with unique sample number identifiers. Rock grab samples were marked using metal tags with unique coloured flagging tape and unique sample numbers. The samples were brought from the field daily to the Company’s secure core logging facility in Houston, B.C.

After drying the samples were organized by sample number and type and secured with tamper-proof security seals in rice bags for shipment. Samples were shipped by bonded courier Bandstra Transportation Systems Ltd to ALS Global preparation facilities in Kamloops, B.C., and then on to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures. Rock silt and soil samples were prepared at the lab using standard analytical preparation procedures, including weighting and screening, and for rocks, crushing, pulverizing and splitting.

Rock samples were analyzed for 33 elements by ICP-MS on a 0.25-gram aliquot using a four-acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30-gram aliquot with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30-gram aliquot. Samples with >100 ppm silver were re-analyzed using an ore -grade four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using an ore -grade four acid digestion and ICP-AES finish.

Soil and silt samples were analysed for gold and silver only. Gold was analyzed by fire assay on a 30-gram aliquot with an AAS finish (method Au-AA23). Silver was analyzed using aqua regia digestion followed by an AAS finish (method Ag-AA45).

In addition to ALS Global laboratory QA/QC protocols, Sun Summit implements a rigorous internal QA/QC program that includes the insertion of duplicates, standards and blanks into the sample stream.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration.

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure:

https://sunsummitminerals.com/wp-content/uploads/2023/09/Fig-1-Buck_MoriceMtn_CR_NR.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. September 6, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces initial results from its summer 2023 exploration drill program at the Buck Main target as part of a multi-stage exploration program across its 52,000 hectare Buck project in central British Columbia.

Highlights:

• Results from the first two drill holes indicate that significant gold, silver, and zinc mineralization extend laterally and at depth, and is open to the north where previous drilling is sparse.
  • Hole BK23-086:
    • 148.5 metres of 0.46 g/t gold equivalent (AuEq) (0.33 g/t Au, 4.2 g/t Ag, 0.31% Zn)
    • 40.0 metres of 0.68 g/t AuEq (0.57 g/t Au, 5.9 g/t Ag, 0.3% Zn), including 9.0 metres of 1.43 g/t AuEq (1.27 g/t Au, 8.9 g/t Ag, 0.58% Zn)
    • 10.0 metres of 0.83 g/t AuEq (0.6 g/t Au, 2.5 g/t Ag, 0.6% Zn)
  • Hole BK23-087:
    • 185.9 metres of 0.66 g/t AuEq (0.39 g/t Au, 8.2 g/t Ag, 0.53% Zn), including 1.5 metres of 5.59 g/t AuEq (4.10 g/t Au, 20.8 g/t Ag, 3.96% Zn), 20.1 metres of 0.98 g/t AuEq (0.62 g/t Au, 3.3 g/t Ag, 0.87% Zn), and 11.9 metres of 1.45 g/t AuEq (1.26 g/t Au, 7.4 g/t Ag, 0.64% Zn)
• The broad gold, silver and zinc intervals reported in these holes supports the potential for depth extension of bulk tonnage-style disseminated mineralization being delineated at Buck Main.
• Drilling at Buck Main is ongoing, and assay results from the remaining holes are pending with results expected as they are received and analyzed.
• Results from the extensive surface exploration program in the area of Mt Morice and CR (recently acquired from Teck; see June 1, 2023 news release) are being analyzed and interpreted and will be released shortly.

Sharyn Alexander, Sun Summit’s President stated: “The first two holes of our ongoing drill program at Buck Main indicate significant mineralization extends laterally and at depth. The consistent broad mineralized intercepts in this area of Buck Main clearly demonstrate the large scale gold, silver, and zinc potential of this target. These results reinforce our belief in the value remaining to be unlocked through our ongoing exploration efforts. We look forward to receiving additional results from this step-out drill program. In addition, our team is interpreting the results of our field exploration in the Mt Morice and CR area to the west, which show tremendous potential in an underexplored area.”

Buck Main Drilling

The ongoing drill program consists of approximately 3,500 metres over 15 drill holes, with holes designed to test for potential high-grade zones of epithermal-related gold-silver-zinc system focused on previously modeled faults and high-density vein zones (see June 8, 2023 news release) as well as the limits of mineralization to the north and west.

Figure 1. Map showing drill collar locations with selected highlights

Holes BK23-086 and 087 were designed as infill and exploration holes to confirm the results of 1960’s drilling in addition to testing the depth extent of disseminated mineralization of the Buck Main east area to the north (Figure 1).

Table 1. Assay Results

Notes:

1. Intervals are downhole core lengths. True widths are unknown.
2. Calculations are uncut and length-weighted using a 0.10 g/t gold cut-off.
3. Gold Equivalent (AuEq) calculations use 3-year trailing metal prices current to end of August 2023 ($1840/oz Au, $23.59/oz Ag and $1.38/lbs Zn) using the equation: AuEq(g/t) = ((Au(g/t)*%recovery *$Au/oz*0.032151)+(Ag(g/t)*%recovery*$Ag/oz*0.032151)+(Zn%*%recovery*$Zn/lbs*22.0462))/($Au/oz*0.032151). The Company has used conceptual metallurgical recoveries of Au 85%, Ag 65%, and Zn 95% based on assumptions that it believes to be reasonable in the circumstances. There is no guarantee, however, that the actual metal recoveries determined from metallurgical testing will be the same as the conceptual recoveries used to determine the AuEq.

Hole BK23-086 successfully intersected moderate to strongly sericite altered volcaniclastic rocks and hydrothermal breccias hosting 3-5% pyrite-sphalerite from 105-189 metres, 211-236 metres, and 357-431 metres with an increase to 10% (and locally 15%) pyrite-sphalerite from 189-211 metres. Mineralization is defined as dominantly fine disseminations and blebs as well as hosted in local quartz-carbonate veins. The hole bottomed in volcaniclastic rocks with weak to moderate sericite alteration, hosting 0.5% disseminated pyrite and trace vein-hosted sphalerite.

Hole BK23-087 intersected strongly sericite altered volcaniclastic rocks hosting 3-5% pyrite-sphalerite from 56.0-62.4 metres and from 76.4 metres to the final drilled depth of 446.0 metres, with intermittent quartz-felspar porphyritic and aphanitic dykes. Mineralization is dominantly fine disseminations and blebs as well as local quartz-carbonate veins and replacements.

Both holes confirm the presence of disseminated gold-silver mineralization reported in historic holes and extends the broad zone of disseminated mineralization to the north where it remains open for further expansion.

Prior to this program, the Company had completed 84 drill holes at Buck Main for over 30,000 metres. Results to date demonstrate significant mineralization potential with district-wide size and scale opportunities. Recent drilling focused on expanding the footprint of near-surface bulk tonnage-style mineralization and demonstrated strong expansion potential to the west, north and south. The known mineralized footprint measures over one kilometre in strike length with mineralization open in all directions.

Table 2. Drill Collar Locations

Coordinates are in UTM NAD83 Zone 9N

Upcoming Sun Summit Events

• September 19 to 20, 2023 – Simone Capital Investor Road Show, Vancouver, B.C.
• September 23, 2023 – GCFF Conference 2023 Main Event, Vancouver, B.C.
• September 26 to 27, 2023 – 121 Global Online EMEA / Americas / APAC
• September 29, 2023 – Capital Tides Vancouver Investor Cruise, Vancouver, B.C.

Quality Assurance and Quality Control

All sample assay results have been monitored through the Company’s quality assurance / quality control (QA / QC) program. Drill core was sawn in half at Sun Summit’s core logging and processing facility in Houston, B.C. Half of the core was sampled and shipped by a bonded courier in sealed and secure bags to the ALS Global preparation facilities in Langley, B.C. Samples were prepared using standard preparation procedures. Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

Core samples were analyzed for 33 elements by ICP-MS on a 0.25 gram aliquot using a four acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram aliquot with an AAS finish (method Au-AA23). Samples with >10 parts per million (ppm) gold were re-analyzed by fire assay using a gravimetric finish on a 30 gram aliquot. Samples with >100 ppm silver were re-analyzed using an ore -grade four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using an ore -grade four acid digestion and ICP-AES finish. In addition to ALS Global laboratory QA / QC protocols, Sun Summit implements a rigorous internal QA / QC program that includes the insertion of duplicates, standards and blanks into the sample stream.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration.

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/09/Fig1_Buck_Drilling_Sept6_NR.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. August 15, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that drill crews have been remobilized to site after an evacuation order south of the town of Houston due to a wildfire was lifted. As previously announced, Sun Summit took proactive measures to temporary suspend drilling and field exploration in the area and all personnel were demobilized from site (see July 26, 2023 news release).

Highlights

• Drilling recommenced at Buck Main: The planned drill program consists of ~3,500 metres over 15 step-out drill holes targeting new zones of potential high-grade and bulk-tonnage mineralization in untested areas to the north and west of previous drilling (see June 8, 2023 news release).
• Assay results and geochemical analysis expected shortly: All drill core and surface samples collected in advance of the evacuation notice are currently being processed at the lab and results are expected shortly.

Sharyn Alexander, Sun Summit’s President stated: “We are pleased to resume our multi-stage drilling and exploration program at the Buck Property. New drilling at Buck Main has already shown encouraging zones of visible sulfide mineralization, and the upcoming assay results will help guide and refine targeting as the drill program continues.

“We are committed to conducting our programs in a safe and responsible manner, and ensuring that all necessary health and safety measures are in place for an efficient and effective work campaign. I’d like to thank our team for their proactive, organized approach during the demobilization and remobilization, and express our gratitude to the firefighters and emergency personnel who worked to bring the wildfire under control.”

Three diamond drill holes and a portion of a fourth were completed at Buck Main before the evacuation order was issued. In addition, extensive field exploration was conducted in the area of Mount Morice and CR (recently acquired from Teck; see June 1, 2023 news release), including the collection of rock, silt and soil samples. Core samples from drill holes completed in advance of the evacuation notice and all collected surface samples are currently being processed and results are expected from the lab shortly.

No damage or loss to infrastructure has been reported and the Company does not anticipate any delays to the resumption of work and ongoing exploration program.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration.

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca

Tel. 416-817-1226

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. July 27, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) has retained Simone Capital Corp. for investor relations and capital markets advisory services. The retainer will commence on August 1, 2023 and continue until terminated on 30 days notice.

Simone Capital will leverage its proprietary database to engage and co-ordinate road shows with retail brokers, portfolio managers, analysts and individual investors on the Company’s behalf. In consideration for the services, Simone Capital will be paid $6,500 per month from the Company’s working capital.

Simone Capital is located in Toronto, Ontario, and principally owned and operated by Anthony Simone and Matthew Benedetto. Simone Capital has advised Sun Summit that it does not currently own any shares or other securities of the Company nor does it have any intention to acquire any such securities.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Matthew Benedetto
Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. July 26, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that an evacuation order has been issued south of the town of Houston in response to an uncontrolled wildfire in the region. Exploration activities have been temporarily suspended and all personnel have been demobilised from site until the situation improves.

Highlights

• Work has commenced for multi-stage exploration program: Exploration is focused on step-out drilling at Buck Main, targeting new zones of potential high-grade and bulk-tonnage mineralization in previously untested areas (see June 8, 2023 news release). In addition, surface exploration includes detailed mapping, prospecting, and sampling in high-priority targets, including prospective new ground (see June 27, 2023 news release).
• Assay and geochemical analyses underway: Core samples from three completed drill holes, half of a fourth drill hole, and 230 samples from surface exploration have been sent to the lab for assay and geochemical analyses, with results expected shortly.
• No significant delays anticipated: The Company does not expect the wildfire to have a significant impact on the 2023 exploration program, which will resume as soon as it is safe and permissible to do so.

Sharyn Alexander, Sun Summit’s President stated: “We have temporarily suspended our exploration activities at the Buck Project to ensure the safety of our employees and contractors. We are closely monitoring the wildfire development in the region and are in regular contact with local authorities. The safety of our employees, contractors, and the local community is our top priority, and we extend our gratitude to the firefighters and emergency personnel working to control the wildfire. We will continue to monitor the situation and keep the market updated as the wildfire situation evolves.”

To date, three diamond drill holes have been completed at Buck Main, with a portion of a fourth drill hole recovered, for a total of 1,219 core samples. The drill rig is currently on site and has not been demobilized. Extensive surface exploration has been conducted in the area of Mt Morice and CR (recently acquired from Teck; see June 1, 2023 news release), with over 203 rock samples, 17 silt samples, and 10 soil samples (for a total of 230 samples) collected by the field crew in high-priority areas. All drill core and surface samples have been shipped to the lab for assay and geochemical analysis.

The Company is not aware of any damage or loss to infrastructure and will continue to monitor the situation and respond accordingly as the situation evolves.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About the Buck Project

The Buck Project is situated in a historic mining district near Houston, B.C., with excellent nearby infrastructure that allows for year-round, road-accessible exploration.

The project is host to the Buck Main intermediate-sulfidation epithermal-related gold-silver-zinc system. Most of the mineralization drilled to date at Buck Main consists of long, continuous zones of disseminated and breccia-hosted, bulk tonnage-style gold-silver-zinc. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck Main.

Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-zinc mineralization at the Buck Main system, and to define additional drill targets across the entire land package through systematic exploration programs.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Roger Blair
Acuity Advisory Corp., Corporate Communications
rblair@acuityadvisorycorp.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. September 22^nd, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report that the ongoing property-wide field exploration program has been expanded with the goal to delineate additional drill targets at the 33,000 hectare Buck Project, central British Columbia.  Ongoing work has increased the number of targets, but several targets remain open and require additional work to fully define and prioritize.

Highlights

• Numerous multi-element soil anomalies provide potential new drill targets: Broad multi-element soil anomalies identified at the IRK, Eagle Eye, Tower, Cabin and Buck West targets are considered prospective for Buck-style gold-silver-zinc mineralization. An expanded field program will focus on infill and step-out soil sampling at these targets.
• Geochemical targets are coincident with geophysical anomalies: Most multi-element soil anomalies are coincident with previously defined high-priority geophysical anomalies.
• Induced Polarization (IP) geophysical survey is commencing: Over 20-line kilometres of grid-based IP geophysics aimed at improving drillhole targeting will focus on the IRK and Eagle Eye zones.
• Assays pending for exploration samples: Over 50 rock chip samples collected from outcrops at many targets have been submitted to the lab for assay and multi-element geochemistry.
• Ongoing drilling at Buck Main: Current drilling is initially focused on targeting possible western extensions of near-surface gold-silver-zinc mineralization at Buck Main. Additional targets peripheral to Buck Main may also be tested as the program continues.
• Significant discovery potential across the project: Results of the ongoing geochemical and geophysical exploration program will help identify and delineate additional high-priority drill targets in under-explored areas of the Buck Project.

Sharyn Alexander, President of Sun Summit, stated, “We have now defined numerous high-priority exploration targets across the 33,000 hectare Buck Project with many targets featuring geochemical and geophysical signatures similar to the Buck Main zone. Ongoing drilling is currently focused on expanding the mineralized footprint of Buck Main. In addition, our continuing property-wide exploration is focused on generating new drill targets and making additional discoveries elsewhere on the property. Once ranking of new target areas is complete, we intend to drill test the most promising. We have always believed the Buck Project could host multiple mineralized zones beneath its nearly ubiquitous overburden cover. We’re rapidly advancing targeting to be able to test that hypothesis.”

Figure 1. Multi-Element Geochemical Targets (Arsenic, Zinc) at the Buck Project

Multi-Element Anomalies

Results of soil geochemistry from samples previously collected across the property, as well as real-time results from a portable X-Ray fluorescence (pXRF) spectrometer of current soil samples (see news release dated August 31, 2022), have been compiled (Figure 1). Soil samples are being analyzed for gold and silver at the lab (assays pending), as the pXRF analyser does not suitably test the concentration of these precious metals.

Disseminated gold mineralization at Buck Main is associated with sphalerite (zinc) and locally arsenopyrite (arsenic), therefore a geochemical association between gold and zinc-arsenic is observed. These elements are considered geochemical pathfinders for Buck-style gold mineralization. A high zinc-arsenic-in-soil anomaly is coincident with the footprint of the mineralization at Buck Main (Figure 1).

The footprint of the high zinc and arsenic soil geochemical anomaly at the IRK target (see news release dated August 31, 2022) has been expanded and now covers a 16 km² area (Figure 1). A grid-based IP survey is commencing with the primary aim of investigating the lateral and vertical extent of potential zones of sulfide-related mineralization. The IP geophysical survey at the IRK target will be completed on northeast oriented lines spaced 200 metres apart.

The Eagle Eye target consists of a high-resistivity anomaly from a versatile time domain electromagnetic (VTEM) geophysical survey (see news release dated August 11, 2022), locally coincident with high-chargeability anomaly defined by a historic IP geophysical survey (Lloyd, 2004). The Eagle Eye target also consists of anomalous zinc and arsenic geochemistry that increases to the east where previous IP coverage is lacking. Multiple east-west oriented IP lines are planned to cover the extent of the resistivity-high and to verify and expand historic chargeability anomaly.

Additional multi-element anomalies were also defined. The Cabin anomaly requires additional sampling to define the extent of the northwest trending high-arsenic zinc signature (Figure 1). The field crew is currently focused on infill soil sample lines at Cabin. The Tower anomaly, located between IRK and Eagle Eye, also requires tighter-spaced infill samples to fully evaluate the size and shape of the high-zinc arsenic anomaly.

Quality Control / Quality Assurance

Once completely dry, approximately 30 grams of semi-homogenised soil material were removed from the kraft sample bag and placed in a paper filter and labelled with the sample ID. The sample was placed in a portable Reflex XRF workstation, analysed using an Olympus Vanta VMR portable XRF through the filter and operated with the Reflex XRF software. The samples were analysed in Geochem40 mode for 60 seconds utilizing 10-15 kV and 40 kV beam element filters at 30 seconds each. Two certified standards (OREAS 25a and OREAS 131b), as well as quartz blank material, were analyzed at the beginning of each analytical session as well as systematically throughout the session at a frequency of every 10 to 20 analyses. Concentrations of copper, zinc and arsenic were primarily monitored and overall performed well.

Qualified Person

Robert D. Willis, P. Eng., Senior Advisor to Sun Summit, is a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has reviewed and approved the scientific and technical disclosure contained in this news release.

Reference

Lloyd, J., 2004, A geophysical report on an induced polarization survey on the Buck Property, Omineca Mining Division, near Houston, British Columbia, Assessment Report 27458, Assessment Report Indexing System, www.aris.empr.gov.bc.ca, 45 p.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

 About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/09/Fig1_Buck_Anomalies_Sept_NR_final.jpg

For further information, contact:

Sharyn Alexander
President

 info@sunsummitminerals.com

Tel. 778-588-9606

 Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. September 8^th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that it has commenced drilling at the 33,000 hectare Buck Project, central British Columbia, where the Company has an option to acquire a 100% interest.

Highlights

• Expand footprint of near-surface bulk tonnage-style mineralization: Drilling will comprise step-out holes along strike from known, near-surface gold-silver-zinc mineralization.
• Initial 5,000 metre program: The drill program will include over 5,000 metres with the potential to expand based on initial results and preliminary review of property-wide exploration results, which could delineate high-priority targets elsewhere on the property.
• Ongoing exploration: The Company is continuing with exploration on the Buck project (see news release dated August 31, 2022) while drilling progresses. An Induced Polarization (IP) geophysical survey and further soil geochemical surveys will be conducted at the IRK zone, Eagle Eye zone, and other prospective targets within the project.

“This is a very exciting drilling campaign at the Buck Project where we’ll be testing the potential lateral extension of mineralization proximal to Buck Main, as well as testing other distinct prospective targets for possible new discoveries”, stated Sharyn Alexander, Sun Summit’s President. “The mineralization at Buck Main remains open for potential expansion, both laterally and at depth, while additional underexplored zones of near-surface disseminated gold-silver-zinc mineralization provide potential for new discoveries to augment and expand the overall size and scale of the 33,000 hectare Buck Project.”

Drill Program

The primary objective of the over 5,000 metre planned drill program is to investigate the strike extent and the limits of near-surface gold-silver-zinc mineralization. Epithermal-related alteration and mineralization has been intersected in drill holes covering a strike length of over a 1 kilometre (Figure 1) and the recent discovery of strong gold-silver-zinc mineralization to the west of previous drilling (e.g., 1.09 g/t gold equivalent (AuEq) over 73.5 metres including 2.20 g/t AuEq over 10.3 metres; BK22-070, see news release dated May 3, 2022) opens the exploration potential significantly to the west where it remains open. Based on updated 3D geological modelling, drilling will first target the extension of these mineralized zones (Figure 1). Additional targets to the north and east of Buck Main may also be tested.

The current drill program is following up on several successful drill campaigns at Buck Main totalling 75 diamond drill holes for over 27,000 metres.

Figure 1. Map showing drill target areas at Buck Main

Exploration Update

A total of 1,674 soil samples, 30 silt samples, and 52 rock (grab) samples were collected at the Buck project in 2022. Soils samples were taken along 400 metre by 100 metre spaced survey grids, as well as from infill grids at the IRK and Eagle Eye targets guided by real-time results from a portable X-Ray fluorescence (pXRF) spectrometer (see news release dated August 31, 2022). Samples are being sent to the lab for additional geochemical analysis.

An IP geophysical survey has been planned over both the IRK and Eagle Eye targets to investigate potential zones of strong sulfide-related mineralization (see news release dated August 31, 2022). Survey lines were planned based on new geological mapping and initial pXRF-based geochemical results from soil samples collected at each target area. The ground-based geophysical survey will commence shortly.

SmallCap Communications Inc.

The Company also announces it has retained SmallCap Communications Inc. of Vancouver, B.C. to provide social media management and communication services for a one year period commencing July 12, 2022. SmallCap will be paid a fee of $4,000 per month (to be paid from the Company’s working capital) for its services during an initial trial period of three months, following which the fee increases to $4,500 per month for the remaining nine months for a total of $52,500. After the expiry of the initial one year term, SmallCap’s retainer will continue on a month-to-month basis.

SmallCap is a specialized digital marketing and social media management agency providing services to boost public companies’ investor awareness and engagement. SmallCap was founded in January 2013, and is owned, by Rebecca Kerswell. SmallCap utilizes her proprietary methods that allow companies to reach and network with their investors through the top social media networks: Facebook, Twitter, LinkedIn, Instagram, and Telegram.

Ms. Kerswell has a BBA from Camosun College in Victoria, B.C. and is arm’s length to Sun Summit. The Company understands that neither Ms. Kerswell nor SmallCap currently holds any Sun Summit shares.

The Company has granted SmallCap a stock option to purchase 50,000 shares at $0.25 per share until the earlier of September 7, 2024 and the termination of SmallCap’s retainer.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and, therefore, investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby, or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/09/Buck_Drilling_Overview_Sept_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. August 31^st, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide a further update on its ongoing exploration activities at the 33,000 hectare Buck Project, central British Columbia, where the Company has an option to acquire a 100% interest.

Highlights

• Ongoing exploration: Geochemical sampling (rocks, silts, and soils) and geological mapping at the highly prospective IRK and Eagle Eye targets is ongoing.
• Real-time data collection: A portable X-Ray fluorescence spectrometer (pXRF) is being used in the field to measure pathfinder elemental concentrations in soil samples. This method allows for the immediate initiation of grid expansions and/or infill samples, if required. Select samples will also be sent to the lab for geochemical analysis.
• Upcoming IP survey: An induced polarization (IP) geophysical survey is currently being planned to cover the IRK target. The survey is anticipated to commence shortly to investigate the lateral and vertical extent of potential zones of strong sulfide-related mineralization.
• Drilling to commence shortly: Final drill planning at Buck Main is ongoing and drilling is set to commence this September. The program is anticipated to comprise step-out holes peripheral to areas of strong gold-silver-zinc mineralization as well as exploratory holes in newly defined target areas.
• Identification of additional drill targets: Current exploration efforts across the IRK and Eagle Eye prospects may generate immediate drill targets.

Sharyn Alexander, Sun Summit’s President, stated “We are very encouraged with what we’re seeing in the field at IRK and Eagle Eye and look forward to the continuation of these programs.  The reanalysis of multiple existing and historic datasets have allowed us to better understand the geometry of the broad anomalies in these areas where there is very little outcrop, and moves us towards potential delineation of drill targets. In addition, the use of the pXRF instrument allows for important real-time data collection to optimize the efficiency of this field work by delineating geochemical anomalies and adjusting survey grid extensions.

“Drilling will begin at the Buck Main zone in September and will include step-out holes along strike from known mineralization, with a focus on near-surface mineralization. I look forward to keeping the market updated on exploration progress, including timing and scope of drill testing priority targets.”

Ongoing Exploration Program

Current geological mapping and soil surveys are focused at the IRK and Eagle Eye targets.

The program at the IRK target, located about 11 km south of Buck Main, has three primary aims:

• Define the spatial extent of previously documented strong alteration with anomalous geochemistry in rock samples comprised of bleached andesite, dacite and rhyolite (Gale, 1984).
• Investigate and expand numerous historic and overlooked broad zinc (+/- silver, gold, arsenic, antimony, and lead-in-soil anomalies (Figure 1).
• Ground-truth high-priority and untested Versatile Time Domain Electromagnetic (VTEM) resistivity-high and conductive-high anomalies (see news release dated August 11, 2022).

Historic reports and more recent geological mapping at IRK suggest that sulfide-related mineralization is associated with zones strong silicification (Gale, 1984). Because the target areas are predominantly covered by post-mineralization till and soils, the extent of the prospective hydrothermal system is unknown.

Eagle Eye, located near the center of the property, has seen very limited historic exploration compared to IRK. However, a historic reconnaissance-style IP survey outlined a large and untested strong chargeability-high anomaly (Lloyd, 2004) spatially coincident with a recently defined high-resistivity anomaly from the VTEM survey. The exploration program at Eagle Eye aims to investigate the geophysical anomalies through targeted geochemical surveys and geological mapping.

Samples from IRK and Eagle Eye are being analysed for their geochemical compositions the field with a pXRF instrument, which allows for near-real time results that can be acted on immediately to inform potential grid expansion or infill sampling. Comparing pXRF results to standard laboratory analytical data from the same samples provides confidence that this method is a cost effective and timely solution to soil geochemical analysis. Select samples will also be sent to the lab for low-detection geochemical analysis to maintain a strong workflow of data quality analyses.

The completion of the geochemical surveys will provide critical insight into the prospectivity of the underlying bedrock and help inform potential follow-up geophysical surveys and drilling.

Geophysical Survey

An IP geophysical survey is being planned at IRK to investigate the lateral and vertical extent of potential zones of strong mineralization (e.g., generate strong chargeability highs). Data from ongoing geological mapping and expanded soil geochemical grids covering newly identified broad high-resistivity zones (see news release dated August 11, 2022) will be used to inform the extent, orientations and spacing of the IP survey lines. The survey will commence shortly once all geochemical data have been interpreted.

Drill Targeting

Drilling at the Buck Main target will commence in September and will have a strong focus on expanding near-surface zones of strong gold-silver-zinc mineralization at Buck Main. Recently completed geological modelling has defined drill target areas for expansion of known mineralization. All zones at Buck Main are open in all directions, both laterally and vertically. Additional targets peripheral to Buck Main will also be tested through step-out drilling.

Figure 1. Buck Project 2022 Sample Locations

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and, therefore, investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby, or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

Reference

Gale, R.E., 1984, Report on geochemical and geological exploration program with backhoe trenching, IRK claims, Assessment Report 12753, Assessment Report Indexing System, aris.empr.gov.bc.ca, 13 p.

Lloyd, J., 2004, A geophysical report on an induced polarization survey on the Buck Property, Omineca Mining Division, near Houston, British Columbia, Assessment Report 27458, Assessment Report Indexing System, aris.empr.gov.bc.ca, 45 p.

Community Engagement

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com. 

Link to Figure

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2022/08/Fig1_Buck_Sampling_Aug_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. August 24, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report that it has received a property-wide exploration permit for its 33,000 hectare Buck Project, central British Columbia, where the Company has an option to earn a 100% interest. 

Highlights

• Property-wide permit approval: A 5-year Multi-Year Area-Based (MYAB) permit has been granted for ongoing drilling programs and significant exploration activities to be conducted across the Buck Project, central B.C. 
• Approved activities: The permit allows for up to 217 drill sites, up to 40 line-kilometres of geophysical surveys, up to 250 trenching sites, as well as construction and modification of exploration access trails.
• Drilling to commence shortly: The Company plans to commence drilling at the Buck Main zone in September. The upcoming drill program will focus on expanding near-surface zones of strong gold-silver-zinc mineralization at Buck Main, guided by recently compiled geological modelling.
• Property-wide exploration continues: Multiple additional areas within the Buck land package are being explored, including rock chip, soil and silt sampling (see news release dated August 11, 2022) as well planning for an IP (induced polarization) geophysical survey. 

“The receipt of this permit is an exciting milestone for the Company,” stated Sharyn Alexander, Sun Summit’s President. “The expansion of our permit area allows exploration across our large 33,000 hectare land package, much of which is road accessible. The current surface exploration being conducted at our IRK and Eagle Eye targets could lead to the generation of new drill targets to augment the existing drill plans for Buck Main. With the newly attained permit we could see the drill turning at multiple prospective areas within the property in the near term, and are equipped to expand and explore additional targets, in addition to Buck Main, as they emerge.”

Multi-Year Exploration Permit

The Company has been notified by the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) office that it’s Notice of Work application for a 5-year MYAB permit under the B.C. Mines Act has been approved. The permit area is contained within the Company’s 33,000 hectare tenure package located just south of the town of Houston, B.C. 

The permit includes up to 217 drill sites for diamond drilling (both ground- and helicopter-supported), 25 helipad sites, 40 line-kilometres of geophysical surveys, 250 trenching sites, as well as construction and modification of exploration access trails. 

Community Engagement 

The Buck Project is located on the territory of the Wet’suwet’en Peoples with whom Sun Summit is committed to engaging with in a transparent and respectful manner. The best principles of early engagement have been followed with representatives of the Wet’suwet’en Nations groups to introduce the project and create open lines of communication. Sun Summit will continue to strengthen these relationships and communicate with the Wet’suwet’en Peoples for upcoming activities, project progress, and input and feedback relating to the Buck Project. 

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston.

The Company is exploring multiple high priority targets through systematic exploration campaigns. The project benefits from excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on accountable development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com 

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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Vancouver, B.C. August 11^th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the commencement of a property-wide exploration program over several highly prospective target areas within its 100% optioned, 33,000 hectare Buck Project, central British Columbia.

Highlights

• Prospectivity assessment has outlined several target areas: Results from the Company’s recently completed property-wide heli-borne Versatile Time Domain Electromagnetic (VTEM) survey, together with compiled and reinterpreted historic and recently acquired exploration data, have outlined several areas considered prospective for Buck-style epithermal-related gold-silver-zinc mineralization as well as potential porphyry-related copper mineralization.
• Property-wide exploration program underway: Crews have mobilized to site and have started collecting soil samples along strategically placed grids across key target areas; IRK and Eagle Eye. These soil samples, along with rock samples from focused geological mapping and prospecting, will aid in defining new drill targets outside of the Buck Main system.
• Drill planning in progress: The Buck Main system remains open in multiple directions and drill targets within and peripheral to the mineralizing system are currently being finalized. Results of the field exploration program will also help delineate high-priority drill targets elsewhere on the property.

“We are very excited to start the next phase of exploration at our Buck Project”, stated Sharyn Alexander, Sun Summit’s President. “The results of our high-resolution VTEM geophysical survey, as well as the assessment and reinterpretation of existing geological, geophysical, and geochemical data, have provided new insight into the unique potential in this region. In addition to expanding our Buck Main discovery, our large property has the potential to host additional Buck-style prospects and other deposit types. Our technical team has selected several high-priority areas for follow-up geochemical sampling and geological mapping which will improve our understanding of the Project’s district-scale prospectivity and could lead to additional discoveries. 

“This property-wide exploration program at the Buck Project is expected to continue over the coming months as we advance toward a follow-up drill program at Buck Main. Any drill worthy targets delineated during the current program should augment and potentially expand future drilling programs to include testing of multiple targets.”

Exploration Program

The exploration program will include geological mapping and geochemical sampling across key targets identified through a rigorous assessment of recently acquired high-resolution VTEM geophysical data (see news release dated July 14, 2022) together with existing geological, geochemical, and geophysical data (e.g., IP and magnetics) compiled by Sun Summit’s technical team.

Figure 1. Buck Project exploration target areas

Two high-priority areas with significant multi-km² footprints were first selected for systematic follow-up surveys based on their potential to host Buck-style epithermal-related mineralization or porphyry-related copper mineralization.

• The IRK target, located 11 kilometres south of Buck Main (Figure 1), comprises broad resistivity-highs and surrounding conductivity-high anomalies in VTEM geophysical data, which are coincident with known multi-element (Zn ± Au, Ag, As, Sb, Cu; Figure 1) geochemical anomalies.
• The Eagle Eye target, located near the center of the property (Figure 1), comprises coincident chargeability-high (historic IP data), resistivity-high (VTEM data), and magnetic-low (historic magnetic data) anomalies, similar to the Buck Main system. The target area lacks detailed soil geochemical data.
• Both target areas are interpreted to be underlain by volcanic and volcaniclastic rocks of the Late Cretaceous Kasalka Group. These prospective rocks host epithermal-related mineralization at Buck Main and also epithermal-related mineralization at the Blackwater and Capoose gold-silver development projects of Artemis Gold Inc. (Angen et al., 2018)¹.
• The scale and potential of the IRK and Eagle Eye targets will be investigated through detailed geological mapping and targeted geochemical surveys during the current exploration program. In total, over 1,500 soil samples and numerous rock samples will be collected across both target areas. The completion of the geochemical surveys will provide critical insight into the prospectivity of the underlying bedrock and help inform potential follow-up geophysical surveys and drilling.

¹ Mineralization at such projects is not necessarily indicative of mineralization at the Buck Project.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s Senior Advisor, Robert D. Willis, P. Eng. a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. 

Some data disclosed in this news release (e.g., Figure 1) relating to sampling and drilling results is historical in nature. Neither the Company nor a qualified person has sufficiently verified this data and therefore investors should not place undue reliance on such data. Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company’s property.

References

Angen, J.J., Hart, C.J.R., Kim, R.S., and Rahimi, M. (2018): Geology and Mineral Potential of the TREK Area, Northern Interior Plateau, Central British Columbia, Parts of 1:250,000 NTS Sheets 093B, C, F and G; Geoscience BC Report 2018-12, MDRU Publication 411.175 p.

Community Engagement 

Sun Summit is engaging with First Nations on whose territory the Buck Project is located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations as the project continues.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship 100% controlled Buck Project located in north-central British Columbia near the town of Houston in central B.C.

The Company is exploring multiple high priority targets through systematic exploration campaigns with excellent developed infrastructure and year-round drilling access. The Buck Project has high-grade and bulk-tonnage gold, silver, and zinc potential and is located in an established mining region that includes many former operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

Further details are available at www.sunsummitminerals.com.

Link to Figure

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/08/Fig1_Buck_Regional_Geophys_Prelim_Aug_NR.jpg

For further information, contact:

Sharyn Alexander
President

info@sunsummitminerals.com

Tel. 778-588-9606

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause such differences, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the impact of exploration competition; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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