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Sun Summit Increases Private Placement to $6,000,000

By 2022

Vancouver, British Columbia – February 24, 2022: Sun Summit Minerals Corp. (TSXV: SMN and OTCQB: SMREF) is pleased to announce that, due to strong investor demand, it has increased its non-brokered private placement to gross proceeds of $6,000,000 (the "Offering") consisting of: (i) charity "flow-through" units at a price of $0.63 each ("CFT Units"), (ii) "flow-through" units at a price of $0.52 each ("FT Units"), and (iii) non-flow-through units at a price of $0.45 each ("NFT Units"). Eventus Capital Corp. has been appointed as a finder in connection with the Offering.

Each FT Unit and CFT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each NFT Unit will consist of one (non-flow-through) common share of the Company (an "NFT Share"), and one half of a Warrant. Each Warrant will entitle the purchase of one (non-flow-through) common share of the Company (a "Warrant Share") for two years at a price of $0.70.

The Company will pay finder’s fees consisting of a cash commission of 6% of the gross proceeds raised by Eventus under the Offering and finder warrants ("Finder Warrants") to purchase that number of Warrant Shares equal to 6% of the number of Units sold by Eventus pursuant to the Offering. Each Finder Warrant will entitle the purchase of one Warrant Share at a price of $0.70 for two years.

The Company intends to use the proceeds raised from the Offering for the exploration of the Company’s Buck Property and other Canadian properties it may acquire. The gross proceeds from the issuance of the FT Shares will be used for "Canadian Exploration Expenses" (within the meaning of the Income Tax Act (Canada)), which will be renounced with an effective date no later than December 31, 2022, to the purchasers of the FT Units and CFT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

The Offering is scheduled to close on or around March 16, 2022, and is subject to certain conditions including, but not limited to, the receipt of approval of the TSX Venture Exchange. The FT Shares, NFT Shares, Warrants and Warrant Shares will have a hold period of four months from the closing date.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority targets through methodical, well-funded exploration campaigns with year-round drilling access. The 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.

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; 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; 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 Minerals Corp. (SMN) disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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Sun Summit Arranges $4,000,000 Private Placement

By 2022

Vancouver, British Columbia – February 23, 2022: Sun Summit Minerals Corp. (TSXV: SMN and OTCQB: SMREF) is pleased to announce that it has arranged a non-brokered private placement consisting of: (i) charity “flow-through” units at a price of $0.63 each (“CFT Units”), (ii) “flow-through” units at a price of $0.52 each (“FT Units”), and (iii) non-flow-through units at a price of $0.45 each (“NFT Units”) for gross aggregate proceeds of $4,000,000 (the “Offering”). Eventus Capital Corp. has been appointed as a finder in connection with the Offering.

Sharyn Alexander, Sun Summit’s President, stated “This financing provides a milestone opportunity for our shareholders, to continue to realize and expand on the significant size and scale of the Buck Main mineralized footprint currently being drilled. In addition, as exploration targets evolve from other areas of the 33,000 hectare Buck property, these funds will assist in financial support to one day realize the full potential of one of the highest metal endowed areas of the region.”

Each FT Unit and CFT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each NFT Unit will consist of one (non-flow-through) common share of the Company (an “NFT Share”), and one half of a Warrant. Each Warrant will entitle the purchase of one (non-flow-through) common share of the Company (a “Warrant Share”) for two years at a price of $0.70.

The Company will pay finder’s fees consisting of a cash commission of 6% of the gross proceeds raised by Eventus under the Offering and finder warrants (“Finder Warrants”) to purchase that number of Warrant Shares equal to 6% of the number of Units sold by Eventus pursuant to the Offering. Each Finder Warrant will entitle the purchase of one Warrant Share at a price of $0.70 for two years.

The Company intends to use the proceeds raised from the Offering for the exploration of the Company’s Buck Property and other Canadian properties it may acquire. The gross proceeds from the issuance of the FT Shares will be used for “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) (the “Qualifying Expenditures”), which will be renounced with an effective date no later than December 31, 2022, to the purchasers of the FT Units and CFT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

The Offering is scheduled to close on or around March 16, 2022, and is subject to certain conditions including, but not limited to, the receipt of approval of the TSX Venture Exchange. The FT Shares, NFT Shares, Warrants and Warrant Shares will have a hold period of four months from the closing date.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority targets through methodical, well-funded exploration campaigns with year-round drilling access. The 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.

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; imprecision in resource and reserve estimates; environmental and safety risks including increased regulatory burdens; 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; 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 Minerals Corp. (SMN) disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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Sun Summit Sells Mexican Properties and Royalties to Green Earth

By 2022

Vancouver, B.C. February 15, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that it has sold its property and royalty interests covering approximately 92,488 hectares in Mexico to Green Earth Metals Inc., an arm’s length private British Columbia company founded by geoscientist Richard Osmond, for 5,000,000 Green Earth common shares and warrants to purchase a further 2,000,000 Green Earth common shares for five years.

Highlights

  • Green Earth common shares: Sun Summit will receive 5,000,000 common shares of Green Earth representing approximately 32.4% of Green Earth’s post-purchase outstanding common shares.
  • Green Earth warrants: Sun Summit will also receive warrants to purchase a further 2,000,000 common shares of Green Earth. The warrants will be exercisable for five years at a price per share equal to the offering price of Green Earth’s shares in its initial public offering.
  • Eight wholly-owned properties and three NSR royalties being sold: Sun Summit has agreed to sell eight wholly-owned properties covering approximately 83,548 hectares, title to which has either been granted or is pending (including one property covering 74,088 hectares being reviewed for possible archeological sites within the concession area), and three 1% net smelter returns royalties on properties covering 8,940 hectares, title to which has either been granted or is pending.

Bob Willis, Sun Summit’s CEO, stated, "With our current corporate focus being on our flagship Buck gold-silver-zinc project in B.C., we have been actively working to create additional shareholder value through divestiture of our Mexican assets. The key properties which we sold are primarily porphyry copper targets, one of which is drill ready. Our stakeholders will now have significant exposure to copper exploration, with no direct costs to Sun Summit. Exploration will be carried out by an experienced Green Earth management team, who we know well."

Since acquiring its option on the Buck Property in July 2019, Sun Summit has not carried out any significant exploration on its Mexican properties.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia. The Company is exploring multiple high priority gold, silver and zinc targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold-silver-zinc potential and is located in a mining-established 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

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; 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; 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.

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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Sun Summit Reports High Metallurgical Recoveries for Zinc through Preliminary Scoping Scale Metallurgical Test Work at Buck Property

By 2022

Vancouver, B.C. February 8th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the potential importance of zinc to future economic analyses at the Buck Property, central B.C. Zinc will be included in future gold-equivalent calculations as it has potential to be a significant economic contributor to the metal budget of the property. The results for the remaining drill holes from the fall 2021 drill program will be released very shortly.

Highlights

  • Preliminary metallurgical test work from two ~10 metre composite samples from two drill holes suggests zinc is highly recoverable using conventional methods and may contribute favourably to future economic studies.
  • Preliminary data from the ongoing studies suggests gold responds well to conventional gravity and cyanide leach testing (up to 94% recovery using a primary grind size k80 of 60 µm).
  • Complete gold and silver metallurgical test work is ongoing with more tests required to fully evaluate recoveries.
  • Including zinc in gold-equivalent (AuEq) calculations provides a significant increase in gold-equivalent grades. Recalculation of previously reported select intervals from broad zones of bulk tonnage-style mineralization are as follows:
    • 241 metres of 1.25 g/t AuEq (0.69 g/t Au, 5.14 g/t Ag, 0.77% Zn), including 45 metres of 2.36 g/t AuEq (1.64 g/t Au, 7.69 g/t Ag and 0.96% Zn) in BK21-017.
    • 409 metres of 0.87 g/t AuEq (0.45 g/t Au, 3.97 g/t Ag and 0.57% Zn), including 265 metres of 1.10 g/t AuEq (0.58 g/t Au, 5.12 g/t Ag and 0.71% Zn) in BK21-033.
    • 187 metres of 1.02 g/t AuEq (0.67 g/t Au, 4.4 g/t Ag and 0.46% Zn), including 54 metres of 1.91 g/t AuEq (1.02 g/t Au, 10.80 g/t Ag and 1.17% Zn) in BK21-032.

Note. Intervals were reported on July 6th, 2021. AuEq assumes metal prices of $1700/oz Au, $22/oz Ag and $1.60/lbs Zn using the equation: AuEq(g/t) = ((Au(g/t)*$Au/oz*0.032151)+(Ag(g/t)*$Ag/oz*0.032151)+(Zn%*$Zn/lbs*22.0462))/($Au/oz*0.032151). Metallurgical test work is ongoing and results are preliminary (see below).

"We initiated exploration-stage metallurgical studies to better understand the potential recoveries of gold, silver and zinc at Buck. While the final results for gold and silver are pending, preliminary data indicate zinc is highly recoverable using standard industry methods," stated Sharyn Alexander, President of Sun Summit.

"All styles of intermediate sulfidation, epithermal-related gold mineralization at Buck include base metals, however, zinc is the most prolific. Some areas assay greater than 7% zinc in sphalerite-cemented breccias, and ~0.5 to 1% zinc is common throughout broad zones of disseminated, bulk-tonnage style mineralization. We knew zinc was ubiquitous in the Buck mineralized zones but were hesitant to include it in gold-equivalent calculations until we could confirm it was highly recoverable with standard processing techniques. Now, with these preliminary metallurgical results for zinc, we are confident it would be an important contributor to the metal budget of the system in a potential mining scenario. For that reason, we will include zinc in AuEq calculations for drill intervals going forward."

Preliminary Metallurgical Test Work

Based on the presence of widespread sphalerite (zinc-sulfide) mineralization intersected in all drill holes across the property (e.g., news releases dated June 10th, 2021 and November 30th, 2021), it was considered important to better understand zinc as a possible economic contributor to the metal budget of the property. Three composite samples considered representative of the three main styles of gold mineralization were submitted to Base Metallurgical Labs (Kamloops) for preliminary bench-scale studies. A 14 metre (~48 kg) composite sample of sphalerite-cemented breccias from hole BK21-032, and a 14 metre (~50 kg) composite sample of lapilli tuff with disseminated sphalerite from hole BK20-010, were specifically selected for zinc-flotation studies.

These two composite samples responded well to zinc flotation tests using a primary grind size k80 of 100 µm, recovering up to 98% of the zinc to a 10% rougher mass concentrate that assayed 26% zinc. Further development testing, including cleaning and primary grind optimization, will be required to take full advantage of zinc together with gold and silver.

Preliminary data from the ongoing studies suggests gold responds well to conventional gravity and cyanide leach testing (up to 94% recovery using a primary grind size k80 of 60 µm). Additional test work is ongoing to fully evaluate and determine silver recoveries.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

Buck Property

Sun Summit’s flagship Buck Project is a high-grade and bulk tonnage gold, silver, and zinc property located near the town of Houston in central B.C. The 100% controlled property has excellent developed infrastructure and allows year-round exploration access.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority targets through systematic exploration campaigns with 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.

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; 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; 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.

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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Sun Summit to Recommence Drill Program at Buck Property; Plans Property-Wide Geophysical Survey

By 2022

Vancouver, B.C. January 25th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that exploration drilling is set to recommence at its 100% controlled Buck Property, central British Columbia. The exploration program will be designed to expand on the Buck Main epithermal gold discovery which remains open in all directions and at depth.

Highlights

  • Crews are mobilizing: One drill rig is currently on site and the crew has commenced mobilization.
  • Expanded program will test new targets: The first drillholes will build on the significant results from previous programs focused on testing new targets within Buck Main and the limits of the mineralized hydrothermal footprint.
  • Property-wide geophysical survey: Plans are underway to commence a property-wide VTEM geophysical survey, which will help define additional targets on the property, some of which could be coincidental with recently discovered geochemical anomalies.

“We are very eager to get the drill rig turning again.” Sharyn Alexander, Sun Summit’s President, stated. “Even without receiving all assays back from the lab from our most recent program, we are excited with what we’re seeing so far. Drill results at Buck Main continue to return significant gold intercepts from surface, adding bulk-tonnage mineralization as well as high grade ‘sweeteners’. We look forward to the months ahead as we move this program forward and continue to share results from our previous exploration and drilling.”

Drill Program

The upcoming drilling is designed to follow-up the 10,327 metre drill program, which targeted high-grade and bulk tonnage-style gold mineralization at Buck Main (see news release dated November 30th, 2021). From that program, a total of eight holes have been released including significant intercepts of high-grade gold mineralization (e.g., 11.4 grams per tonne (g/t) gold over 3.0 metres including 31.3 g/t gold over 1.0 metres; BK21-035) and continuous bulk tonnage-style gold mineralization (e.g., 0.68 g/t gold over 175.3 metres including 1.16 g/t gold over 53.8 metres; BK21-038) (see news release dated January 5th, 2022). Additional assay results will be released shortly as they are received and analyzed.

After pausing the drill program at the end of 2021 to receive assays, the Company is now ramping-up activities to investigate previously untested targets, as well as test an emerging broad zone of breccia-hosted sulfide mineralization identified in the last drill program (see news release dated November 30th, 2021). The drill program could increase in scope to be substantially larger than the program just completed.

The Buck Main mineralized footprint is approximately 900 by 950 metres and remains open in all directions and at depth. A total of 66 diamond drill holes totalling ~24,000 metres have been completed at Buck since the project was optioned in July 2019. Significant intercepts from previous drill programs include:

  • High-grade vein-hosted gold mineralization
    • 31.6 g/t gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020 (see news release dated May 11th, 2021)
    • 5.86 g/t gold over 17.0 metres including 23.05 g/t gold over 3.0 metres; BK20-012 (see news release dated January 5th, 2021)
  • Broad zones of near-surface bulk tonnage-style gold mineralization
    • 0.78 g/t gold over 186 metres including 1.07 g/t gold over 109 metres; BK21-017 (see news release dated May 11th, 2021)
    • 0.71 g/t gold over 187.0 metres including 1.02 g/t gold over 87.1 metres; BK21-033 (see news release dated July 6th, 2021)

Property-Wide VTEM Survey

The Company has begun planning a ~2,000 line kilometre Versatile Time Domain Electromagnetic (VTEM) survey. The results of the geophysical survey will help outline and prioritize additional exploration targets, hopefully being coincidental with recently discovered geochemical anomalies within the 33,000 hectare tenure package. Surface sample results from the extensive field program conducted across the Buck Property last year will be released shortly, after the Sun Summit technical team completes its analysis and evaluation.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

Buck Property

Sun Summit’s flagship Buck Project is a high-grade and bulk tonnage gold and silver property located near the town of Houston in central B.C. The 100% optioned property has excellent developed infrastructure and allows year-round exploration access.

Red Cloud Securities Retained for Market Stabilization and Liquidity Services

Sun Summit also announces that it has retained Red Cloud Securities Inc. of Toronto, Ontario to provide market stabilization and liquidity services for $4,500 per month. Such payments will be made from Sun Summit’s general working capital. There are no performance factors contained in the agreement, and Red Cloud will not receive any shares or options from the Company as compensation for its services. Sun Summit is not aware whether Red Cloud holds any of its shares or has any right or intent to acquire Sun Summit shares. This retainer replaces and supersedes the retainer in December 2019 of Mackie Research Capital Corporation for similar services at the same cost. This new retainer may be terminated by either party on no less than 30 days’ notice. Additionally, Sun Summit and Red Cloud have terminated their agreement made in September 2020 respecting Red Cloud providing corporate access services for a fee of $10,000 per month.

Red Cloud is an investment dealer focused on providing comprehensive capital market services and financing alternatives to the junior resource sector. It was founded by capital markets professionals who designed the firm to service small public and private companies.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through systematic exploration campaigns with year-round drilling access. The Project has high-grade and bulk-tonnage gold and silver 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

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; 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; 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.

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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Sun Summit Drills 11.65 g/t Gold Equivalent Over 3.0 Metres Including 31.79 g/t Gold Equivalent Over 1 Metre and 0.74 g/t Gold Equivalent Over 175.3 Metres Including 1.25 g/t Gold Equivalent Over 53.8 Metres at Buck Property, Central BC

By 2022

Vancouver, B.C. January 5th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report initial drill results from its fall 2021 exploration program on its Buck Property, central B.C. Assays from eight of the 32 completed holes are reported.

Highlights

  • Multiple intervals of high-grade, vein-hosted gold mineralization intersected in numerous holes:
    • 11.65 grams/tonne (g/t) gold equivalent (AuEq) over 3.0 metres, including 31.79 g/t AuEq over 1.0 metre within 0.86 g/t AuEq over 60.8 metres (BK21-035).
    • 14.86 g/t AuEq over 1.1 metres within 1.04 g/t AuEq over 21.9 metres (BK21-041)
    • 10.03 g/t AuEq over 2.9 metres, including 16.05 g/t AuEq over 1.5 metres within 4.82 g/t AuEq over 6.8 metres (BK21-043)
    • These high-grade intervals are within broader zones of near-surface disseminated mineralization.
    • Results confirm the presence of widespread high-grade gold mineralization as previously reported (e.g., BK20-012: 5.89 g/t AuEq over 17.0 metres including 23.10 g/t AuEq over 3.0 metres, and BK21-020: 31.75 g/t AuEq over 4.0 metres including 247 g/t AuEq over 0.5 metres).
  • Note: Intervals are downhole core lengths. True widths are unknown. AuEq based on a 75:1 silver to gold ratio
  • Multiple intervals of near-surface, disseminated and breccia-hosted mineralization confirm strong continuity of bulk-tonnage style mineralization:
    • 0.96 g/t AuEq over 102.0 metres, including 1.94 g/t AuEq over 18.0 metres and including 1.15 g/t AuEq over 19.3 metres (BK21-036)
    • 0.74 g/t AuEq over 175.3 metres, including 1.25 g/t AuEq over 53.8 metres (BK21-038)
    • Results confirm strong grade continuity on the eastern side of Buck Main over a strike length of at least 300 metres. These bulk-tonnage intercepts are similar to previously released results (e.g., BK21-017: 1.15 g/t AuEq over 109 metres, and BK21-033: 1.13 g/t AuEq over 87.1 metres).
  • Note: Intervals are downhole core lengths. True widths are unknown. AuEq based on a 75:1 silver to gold ratio.

Bob Willis, Sun Summit’s CEO, stated: “This first batch of results from our 32 hole program across the Buck Main area, continues to demonstrate the growing scale of the system as every hole hit varying styles and grades of gold and silver mineralization from top to bottom. The presence of broad zones of near surface disseminated bulk-tonnage style mineralization together with local high-grade zones provide significant encouragement to support an aggressive 2022 drilling campaign. These higher grade zones should contribute favourably to future mineral resource and economic studies. The Buck Main mineralized system remains open in all directions.”

Drill Program

Holes reported in this release are from two key areas, formerly known as the eastern ‘Horseshoe’ and the western ‘Trench’ zones. Based on a new structural model (see news release dated November 30th, 2021), holes were drilled along northeast-southwest oriented sections with all holes drilled to the northeast at varying dips (Figure 1). This drill plan allowed for the systematic generation of cross sections across the Buck Main target to better define lithological and structural controls. Based on this modelling, it is apparent that lithology played a key role in the distribution of disseminated mineralization versus vein-hosted, high-grade mineralization. The results from the remaining 24 holes will be used to further demonstrate continuity of mineralization within and between different styles of mineralization across the Buck Main area.

Figure 1. Buck drill hole locations with selected highlights

Western Buck Main

Five holes (BK21-035, 039, 041, 042, and 043) were drilled on the western side of Buck Main (Figure 1) targeting high-grade, structurally controlled gold mineralization as well as broad zones of disseminated gold mineralization. Holes were designed to follow-up previously reported significant high-grade gold intercepts (e.g., BK20-012: 5.89 g/t AuEq over 17.0 metres including 23.10 g/t AuEq over 3.0 metres, and BK21-020: 31.75 g/t AuEq over 4.0 metres including 247 g/t AuEq over 0.5 metres; see news releases dated January 5th, 2021, and May 11th, 2021) hosted in a sequence of andesites and sedimentary rocks cut by northwest-trending quartz-feldspar porphyritic dykes. Higher-grade intervals (Table 1) are hosted in local quartz + carbonate + sulfide veins associated with broad zones of quartz + sericite + pyrite alteration.

Table 1. Assay results – Western Buck Main

Hole From (m) To (m) Int (m) AuEq (g/t) Au (g/t) Ag (g/t)
BK21-035 61.7 66.2 4.5 0.19 0.14 3.96
and 107.0 113.2 6.2 0.14 0.12 1.21
and 120.0 122.3 2.3 0.24 0.19 3.86
and 128.2 131.2 3.0 0.24 0.22 1.48
and 152.1 153.6 1.5 1.56 1.50 4.52
and 168.4 229.2 60.8 0.86 0.81 3.49
inc 178.1 200.5 22.4 1.85 1.77 6.29
inc 190.6 193.6 3.0 11.65 11.39 19.25
inc 192.6 193.6 1.0 31.79 31.30 37.00
and 247.6 281.4 33.8 0.35 0.29 4.83
and 308.9 332.0 23.1 0.32 0.26 4.13
BK21-039 9.5 62.3 52.8 0.41 0.37 3.19
inc 52.6 62.3 9.7 1.32 1.20 9.11
inc 61.4 62.3 0.9 8.76 8.29 34.90
and 94.6 96.7 2.1 0.61 0.48 9.73
and 102.5 120.1 17.6 0.19 0.15 3.07
and 127.0 130.0 3.0 0.75 0.68 5.52
and 143.0 150.5 7.5 0.82 0.80 1.73
BK21-041 8.1 24.3 16.2 0.53 0.47 4.28
and 37.5 59.4 21.9 1.04 0.83 16.04
inc 53.8 59.4 5.6 3.20 2.74 34.27
inc 56.9 58.0 1.1 14.86 12.95 143.00
and 96.4 108.6 12.2 0.41 0.26 11.18
and 117.5 119.4 1.9 0.38 0.34 2.99
BK21-042 13.0 16.0 3.0 0.21 0.15 4.49
and 38.9 42.0 3.1 0.26 0.16 7.28
and 48.2 80.3 32.1 0.36 0.30 4.23
inc 52.3 56.8 4.5 1.62 1.43 14.37
and 89.3 120.5 31.3 0.43 0.31 8.52
and 127.8 130.5 2.8 0.44 0.38 4.17
and 189.0 194.8 5.8 0.36 0.34 1.20
and 202.5 207.0 4.5 0.16 0.14 1.20
BK21-043 18.1 27.0 9.0 0.91 0.67 18.06
and 58.4 65.0 6.6 0.42 0.36 4.54
and 73.0 92.1 19.2 1.92 1.83 6.85
inc 81.8 88.6 6.8 4.82 4.64 13.17
inc 85.7 88.6 2.9 10.03 9.72 22.76
inc 87.1 88.6 1.5 16.05 15.85 15.35
  1. AuEq (gold equivalent) based on a 75:1 silver to gold (Ag:Au) ratio.
  2. Calculations are uncut and length-weighted using a 0.10 g/t gold cutoff.
  3. Intervals are downhole core lengths. True widths are unknown.

Holes BK21-035, 039 and 041 were drilled from the same section (4575; Figure 2). Hole BK21-035 intersected numerous zones of gold mineralization (Table 1), highlighted by a broad 60.8 metre interval of 0.86 g/t AuEq, including 3.0 metres of 11.65 g/t AuEq. Hole BK21-041, collared 80 metres north of BK21-035, intersected a broad 21.9 metre, near-surface zone of 1.04 g/t AuEq which included 5.6 metres of 3.20 g/t AuEq and including 1.1 metres of 14.86 g/t AuEq. Hole BK21-043, collared 130 metres north of BK21-035 on section 4525, intersected a significant zone of near-surface high-grade gold mineralization comprised of 19.2 metres of 1.92 g/t AuEq including 2.9 metres of 10.03 g/t AuEq. Holes BK21-039 and 042, on sections 4575 and 4550 respectively, both bottomed in mineralization highlighted by multiple broad zones of near-surface gold mineralization (e.g., 0.41 g/t AuEq over 52.8 metres including 8.76 g/t AuEq over 0.9 metres from 9.5 metres down hole, BK21-039; Table 1).

Results from the first set of holes from the western side of Buck Main confirm the presence of near-surface, high-grade gold and silver mineralization and support the significant potential of this area. Holes from neighboring sections, to be released once all assays are received from the lab, will further inform the extent and continuity of vein-hosted high-grade gold mineralization.

Figure 2. Cross section 4575 showing selected highlights

Eastern Buck Main

Three holes (BK21-036, 038 and 040) were drilled on the eastern side of Buck Main (Figure 1) and targeted near-surface, bulk-tonnage gold mineralization. The holes were designed to follow-up and confirm continuity of previously reported long intervals of breccia-hosted and disseminated gold and silver mineralization associated with pyrite + sphalerite hosted in dacite-lapilli tuffs and dacite clast-rich hydrothermal breccias (e.g., BK21-017; 1.15 g/t AuEq over 109 metres, and BK21-033; 1.13 g/t AuEq over 87.1 metres; see news release dated July 6th, 2021).

Table 2. Assay results – Eastern Buck Main

Hole From (m) To (m) Int (m) AuEq (g/t) Au (g/t) Ag (g/t)
BK21-036 18.0 254.6 236.6 0.51 0.48 2.19
inc 18.0 22.5 4.5 0.37 0.36 1.07
inc 37.2 42.7 5.5 0.20 0.19 1.18
inc 50.3 57.6 7.3 0.10 0.09 0.84
inc 64.0 97.0 33.0 0.26 0.24 1.51
inc 122.9 128.8 5.9 0.82 0.78 2.90
inc 145.1 247.1 102.0 0.96 0.91 3.71
inc 157.9 175.9 18.0 1.94 1.86 5.70
inc 193.1 212.3 19.3 1.15 1.11 3.10
and 307.7 336.0 28.3 0.24 0.21 2.64
and 378.0 405.0 27.0 0.15 0.12 2.78
BK21-038 7.0 405.5 398.5 0.47 0.43 3.20
inc 7.0 15.0 8.0 0.91 0.89 1.23
inc 25.0 36.7 11.7 0.28 0.25 2.20
inc 53.0 228.3 175.3 0.74 0.68 4.80
inc 93.8 102.0 8.3 2.48 2.30 13.09
inc 120.0 173.8 53.8 1.25 1.16 6.65
inc 141.5 164.0 22.5 2.04 1.91 10.05
inc 216.8 218.0 1.2 7.81 7.69 8.81
inc 255.6 317.4 61.9 0.43 0.38 3.60
inc 257.5 258.5 1.0 6.70 6.42 21.10
inc 294.9 298.8 3.9 1.70 1.61 7.20
inc 326.5 395.0 68.5 0.21 0.19 1.53
inc 402.5 405.5 3.0 0.45 0.36 6.72
BK21-040 9.9 242.5 232.6 0.37 0.31 4.62
inc 146.7 168.0 21.3 0.61 0.53 5.82
inc 203.3 238.0 34.7 0.41 0.33 6.37
and 272.8 275.0 2.3 0.71 0.68 1.78
and 299.4 303.8 4.4 0.98 0.94 3.18
  1. AuEq (gold equivalent) based on a 75:1 silver to gold (Ag:Au) ratio.
  2. Calculations are uncut and length-weighted using a 0.10 g/t gold cutoff.
  3. Intervals are downhole core lengths. True widths are unknown.

Hole BK21-036, collared on section 4850 (Figure 3), intersected a broad zone of gold and silver mineralization comprised of 102 metres of 0.96 g/t AuEq including 18 metres of 1.94 g/t AuEq. Hole BK21-038, collared 85 metres to the north of BK21-036 on section 4800 (Figure 3), was mineralized over 405 metres (Table 1) highlighted by a broad and continuous zone of gold and silver mineralization: 175.3 metres of 0.74 g/t AuEq including 22.5 metres of 2.04 g/t AuEq. Hole BK21-040, collared 40 metres north of BK21-038 on the same section (Figure 3), intersected multiple zones of gold and silver mineralization over 303.8 metres, highlighted by 232.6 metres of 0.38 g/t AuEq.

Figure 3. Cross section 4800 showing selected highlights

Results from the first set of holes from the eastern side of Buck Main, together with previously reported intercepts (see news release dated July 6th, 2021), demonstrate strong disseminated and breccia-hosted gold mineralization continuity across a northwest strike-length of at least 300 metres. These holes represent the easternmost holes drilled during this phase, whereas subsequent holes, the results of which will be announced shortly, tested the northwest trending structural contact between sedimentary and volcaniclastic rocks with dacitic lapilli tuffs and breccias (see news release dated November 30th, 2021). The contact remains open and represents a key structure for future drill testing.

Table 3. Drill Collar Locations

Hole Easting Northing Elevation (m) Azimuth Dip Length (m)
BK21-035 654326.68 6019632.03 932 8 -51 339
BK21-036 654610.09 6019607.74 917 15 -57 455
BK21-038 654552.36 6019667.73 927 31 -61 410
BK21-039 654352.74 6019715.98 914 9 -58 152
BK21-040 654546.44 6019706.29 920 30 -55 314
BK21-041 654352.76 6019716.02 914 7 -50 122
BK21-042 654305.05 6019699.98 910 25 -53 224
BK21-043 654315.49 6019755.02 895 9 -70 104

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 in sealed and secure bags to the ALS Global preparation facilities in Kamloops, Langley or North Vancouver, 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.

Core samples were analyzed for 48 elements by ICP-MS on a 0.25 gram sample using a four acid digestion (method ME-MS61L). Gold was analyzed by fire assay on a 30 gram sample 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 sample.  Samples with >100 ppm silver  were re-analyzed using a four acid digestion and ICP-AES finish. Samples with >10,000 ppm zinc were re-analysed using a four acid digestion and ICP-AES finish. ALS Global is registered to ISO / IEC 17025:2017 accreditations for laboratory procedures.

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

Live Webinar

Join us as Eric Coffin, HRA Advisories, hosts a live webinar with Sun Summit Minerals President Sharyn Alexander and CEO Robert Willis on Wednesday, January 5th, at 10 am PDT.

Eric will introduce President Sharyn Alexander, who will give a brief presentation focused on recent developments and discoveries.  This will be followed by a Q&A period with CEO Robert Willis, who will answer your questions about new developments at Buck, what they mean, and the plans for aggressive follow-up in 2022.

Register through the link here: https://register.gotowebinar.com/register/1274471835593314319

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

Buck Property

The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year-round drilling access. The Project has high-grade and bulk-tonnage gold and silver 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 Figures

Figure 1:
https://sunsummitminerals.com/wp-content/uploads/2022/01/Buck_Driling_Geology_Fig1_NR_Jan2022-scaled.jpg

Figure 2:
https://sunsummitminerals.com/wp-content/uploads/2022/01/Buck_Section_Equity_4575_NR_Jan5-scaled.jpg

Figure 3:
https://sunsummitminerals.com/wp-content/uploads/2022/01/Buck_Section_Equity_4800_NR_Jan5-scaled.jpg

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; 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; 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.

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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Sun Summit Provides Update from Significant Drill Program at the Buck Property

By 2021

Vancouver, B.C. November 30th, 2021: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide an update from its exploration drill program at its 100% controlled Buck Property, north-central British Columbia.

Highlights

  • Over 10,000 metres in 32 drill holes completed: Sun Summit has so far completed 10,300 metres of drilling focused on targeting high-grade and bulk tonnage-style gold mineralization covering an area of over 500 by 500 metres.
  • Refinement of geological model: Grid-based drilling has led to a reinterpretation of the geological model and demonstrates a near-continuous zone of mineralization between the historic Trench and Horseshoe zones.
  • New areas of mineralization discovered: Systematic step-out holes in previously untested areas have identified broad zones of breccia-hosted sulfide mineralization.
  • Assay analyses well underway: Samples from the first 23 holes are at the lab with additional shipments arriving in the coming days. Initial results from the drill program are arriving and the Company looks forward to releasing the first set of assays very shortly.

Sharyn Alexander, Sun Summit’s President, stated, “We are very encouraged by what we’re seeing at the Buck property so far. All drill holes have intersected mineralized zones similar to those reported to host gold in earlier campaigns.

“Our technical team has done a great job in unlocking the potential of this large-scale hydrothermal system, which is characterized by what appears to be multiple mineralizing events. By using a systematic approach in drill planning, such as oriented core and consistent azimuths, we are able to gain new knowledge about the controls on gold mineralization at the Buck Main area.

“We are very pleased to have completed these drill holes well ahead of schedule and on budget. We are now waiting for assay results from samples currently backlogged at the lab. In the meantime, we are compiling and interpreting all new geological and structural data to further refine the geological model. The assay data are a very critical component for the design of the ongoing drill program. We anticipate steady news flow in the coming weeks with drilling set to recommence once enough assay data is in hand to support definition of our continuing  drill campaign.

“We are excited to share assay results from this recent program once they are received and analyzed.”

 Drill Program

Sun Summit has now completed 32 diamond drill holes totalling 10,300 metres within a footprint of approximately 500 metres by 500 metres (Figure 1). Drilling has three primary objectives:

1) investigate the extent and continuity of high-grade gold mineralization,

2) investigate the strike-extent of near surface, bulk-tonnage gold mineralization, and

3) attempt to define the limits of the mineralized hydrothermal footprint (see news release dated October 13th, 2021).

Figure 1. Fall 2021 Drill Hole Locations

 

Drilling between the historic Trench and Horseshoe zones (Figure 1) has led to the refinement of the structural and lithological model at the Buck Main area. An important northwest-trending structural contact between sedimentary and volcaniclastic rocks, host to the historic Trench Zone, with dacitic lapilli tuffs and breccias, host to the historic Horseshoe Zone, has been identified (see news release dated October 13th, 2021). Mineralization has been defined along the contact and suggests there is no clear distinction between the two historic zones and that epithermal-related mineralization continues laterally along the contact.

Based on this updated model, two holes were designed to test the prospective contact to the northwest in an area previously undrilled (Figure 1). The first hole (BK21-060) intersected a broad zone of near-surface, sphalerite-rich, sulfide-cemented breccias (Figure 2), texturally similar to previously reported intersections (e.g., 45 metres of 1.64 g/t Au including 5.2 metres of 7.17 g/t Au; BK21-017 located 170 metres to the southeast; see news release dated May 11th, 2021). Results from this hole will be used to target additional extensions of mineralization further to the northwest and at depth.

Core samples are being dispatched from the Company’s core logging facility in Houston, B.C. to ALS Global preparation facilities in Kamloops, Langley, and Vancouver, B.C. Initial results from the drill program are arriving and the Company looks forward to releasing the first set of assays very shortly.

Figure 2. Example of near-surface, sphalerite-cemented hydrothermal breccia from BK21-060 at 50.5 metres downhole.

 

Buck Property

The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

 Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established 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 Figures

Figure 1: https://sunsummitminerals.com/wp-content/uploads/2021/11/Fig1_Buck_Drilling_Nov.jpg

Figure 2: https://sunsummitminerals.com/wp-content/uploads/2021/11/Fig2-Hydrothermal-Breccia-crop-scaled.jpg

 

For further information, contact:

Sharyn Alexander
President

Nancy Curry
Corporate Communications

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; 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; 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; 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.

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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Sun Summit Appoints Purni Parikh To Board; Grants Stock Options

By 2021

Vancouver, BC, November 10th, 2021: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that Purni Parikh has been appointed to its board of directors.

Ms. Parikh has over 25 years of public company experience in the mining sector including corporate affairs and finance, legal and regulatory administration, and governance. Ms. Parikh is President of the Augusta Group of Companies and Senior Vice President, Corporate Affairs of Solaris Resources Inc. (TSX: SLS) and Augusta Gold Corp. (TSX: G). Ms. Parikh was previously President of Titan Mining Corporation (TSX: TI). She was also Senior Vice President, Corporate Affairs and Corporate Secretary of Arizona Mining Inc. and Newcastle Gold Ltd., and Vice President, Corporate Secretary Augusta Resource Corporation and Ventana Gold Corp. prior to their acquisition. Ms. Parikh obtained a Certificate in Business from the University of Toronto and a Gemology degree. She holds the ICD.D designation from the Institute of Corporate Directors, and has worked extensively with boards.

Sun Summit’s Chairman, Tookie Angus, said “We are delighted that Purni has joined our board. She is well known for her business acumen and corporate experience in the mineral resource sector and that expertise will complement well with the existing skill sets of our board. She will be a valued board member as the Company prepares to grow its exploration outlook.”

Sun Summit also announces that it has granted options to purchase 1,950,000 common shares at $0.57 per share for five years to directors, officers, employees and consultants.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established 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

For further information, contact:

Sharyn Alexander, M.Sc.
President

Nancy Curry
Corporate Communications

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; 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; 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; 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 Minerals Corp. (SMN) disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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Sun Summit Appoints Sharyn Alexander as President and Provides Update on its Exploration Drill Program at Buck

By 2021

Vancouver, B.C. November 3rd, 2021: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) (“Sun Summit” or the “Company”) is pleased to provide a corporate update and inform shareholders on drilling progress at its 100% controlled Buck Property, central British Columbia. Two drill rigs are currently operating on site.

Highlights

  • Strengthens executive team by appointment of Sharyn Alexander to the position of President: Ms. Alexander brings a wealth of experience in mineral exploration including most recently Vice President Technical Services for Sun Summit.
  • Systematically testing the lateral and vertical extent of high-grade gold mineralization: Twenty holes have been drilled so far in the Trench Zone targeting vein-hosted high-grade gold mineralization (e.g., 31.6 grams per tonne (g/t) gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020, see news release dated May 11th, 2021).
  • Expanding the footprint of near-surface, bulk tonnage-style gold mineralization: Eight holes have been drilled so far in the Horseshoe and Trench zones stepping-out from known zones of near-surface, bulk tonnage-style gold mineralization (e.g., 1.07 g/t gold over 109 metres including 7.17 g/t gold over 5.2 metres; BK21-017, see news release dated May 11th, 2021).
  • Assay and geochemical analyses underway: Core samples from 15 holes have been sent to the lab for assay with additional core shipments being sent bi-weekly.

“We are very pleased to appoint Ms. Alexander to co-lead our executive team,” Bob Willis, Sun Summit’s CEO, stated. “Over the past few years, she has been instrumental in her role as Vice-President, Technical Services in facilitating and managing numerous aspects of our corporate and exploration activities. I look forward to working closely with her as our company continues to systematically advance the Buck Property while maintaining the Company’s standards and best practices.”

Sharyn Alexander, Sun Summit’s President, commented, “I am very excited to take on new challenges and lead the company through a very exciting time of growth and discovery. We are aggressively drilling at Buck with two rigs and the program is moving along as planned. I look forward to continuing to closely work with the executive team on the implementation of various strategic initiatives with the goal of delivering additional exploration success.”

Drill Program

The current drill program has three primary objectives (see news release dated October 13th, 2021), 1) investigate the extent and continuity of high-grade gold mineralization characteristic of the Trench Zone, 2) investigate the strike-extent of near surface, bulk-tonnage gold mineralization characteristic of the Horseshoe Zone, and 3) investigate the limits of the mineralized hydrothermal footprint. All three objectives are being systematically addressed with two diamond drill rigs and a team of experienced exploration geologists continuously evaluating and amending the exploration model.

Over 10,000 metres were initially planned to be drilled within a footprint of approximately 600 metres by 300 metres (see news release dated September 28th, 2021). Twenty-eight holes totalling over 8,000 metres have been completed so far. Based on encouraging visual observations from numerous holes, multiple new holes are being planned.

Intervals of pervasive silica and sericite alteration peripheral to quartz-feldspar porphyritic dykes with associated quartz-sulfide veinlets and stockworks have been observed in multiple holes in the Trench Zone. These prospective zones are hosted in fine grained sedimentary and intermediate volcaniclastic rocks. The contact of these bedded rocks with thick sequences of poorly-sorted and chaotic dacitic lapilli tuffs is interpreted to be a partial control on the distribution of gold-bearing, sphalerite-rich sulfide-cemented breccias of the Horseshoe Zone. This interpreted structural contact has been modelled to be northwest trending. Additional drilling is planned to test along this trend between the Trench and Horseshoe zones with the aim of expanding zones of near-surface mineralization while investigating the relationships between the two mineralization styles.

Core samples are being dispatched from the Company’s core logging facility in Houston, B.C. to ALS Global preparation facilities in Kamloops, Langley and North Vancouver, B.C. Samples from the first 14 holes are in the lab, and more are anticipated to arrive in the coming days.

Sharyn Alexander

Ms. Alexander is a geologist with over 15 years of experience in mineral exploration and mining. She has worked with a number of companies such as B2Gold, Barrick (Australia), and SRK Consulting. Her diversified skillset includes project management, business development, strategic planning, relationship building, social responsibility, investor relations, and marketing. Ms. Alexander earned her Bachelor of Science (Geology) from McMaster University, her Masters of Science (Geology) from the University of Toronto, and she holds an Advanced Diploma in GIS from BCIT.

Buck Property

The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established 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

For further information, contact:

Sharyn Alexander, M.Sc.
President

Nancy Curry
Corporate Communications

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; 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; 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; 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 Minerals Corp. (SMN) disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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Sun Summit Provides Update on Significant Drill Program at Buck

By 2021

Vancouver, B.C. October 13th, 2021: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) (“Sun Summit” or the “Company”) is pleased to provide an update from its fall 2021 phase of drilling at its 100% controlled Buck Property, central British Columbia. Two drill rigs are currently operating on site.

Highlights

  • Build on high-grade gold discovery: One drill rig is focused on high-grade gold mineralization in the Trench Zone (e.g., 31.6 grams per tonne (g/t) gold over 4.0 metres including 246 g/t gold over 0.5 metres; BK21-020, see SMN news release dated May 11th, 2021). Nine holes have been completed so far, testing the target area by systematically stepping-out from previously reported significant intervals.
  • Expand footprint of near-surface, bulk tonnage-style gold mineralization in the Horseshoe Zone and parts of the Trench Zone: One rig is stepping-out from known zones of near-surface, bulk tonnage-style gold mineralization (e.g., 1.07 g/t gold over 109 metres including 7.17 g/t gold over 5.2 metres; BK21-017, see SMN news release dated May 11th, 2021) and investigating lithological and structural controls on mineralization. Four holes have been completed so far in this area.
  • Additional holes planned: Based on encouraging visual observations from numerous drill holes, together with updated modelling of new lithological and structural data, additional drill holes are planned.
  • Assay and geochemical analyses underway: Core samples from two holes have been sent to the lab for assay with additional core shipments anticipated to be submitted on a weekly basis.

Bob Willis, Sun Summit’s CEO, stated, “We are very pleased with our drill progress so far. The program is moving along as planned and we are hitting encouraging mineralization in all holes. Our geological team has been amending the drill plan based on new information from current drilling and has been updating the exploration model daily. New drill holes based on the refined model are planned. We eagerly await assay results and plan to update shareholders on a regular basis.”

Drill Program

The current drill program has three primary objectives, 1) investigate the extent and continuity of high-grade gold mineralization characteristic of the Trench Zone, 2) investigate the strike-extent of near surface, bulk-tonnage gold mineralization characteristic of the Horseshoe Zone, and 3) investigate the limits of the mineralized hydrothermal footprint. Over 30 drill holes are planned within a footprint of approximately 600 metres by 300 metres (see SMN news release dated September 28th, 2021). Thirteen drill holes totalling over 3,200 metres have so far been completed, all with northeast oriented azimuths.

Intervals of pervasive silica and sericite alteration peripheral to quartz-feldspar porphyritic dykes with associated quartz-sulfide veinlets and stockworks have been observed in multiple holes in the Trench Zone. These prospective zones are hosted in fine grained sedimentary and intermediate volcaniclastic rocks. The contact of these bedded rocks with thick sequences of poorly-sorted and chaotic dacitic lapilli tuffs is interpreted to be a partial control on the distribution of gold-bearing, sphalerite-rich sulfide-cemented breccias of the Horseshoe Zone. This interpreted structural contact has been modelled to be northwest trending. Additional drilling is planned to test along this trend between the Trench and Horseshoe zones with the aim of expanding zones of near-surface mineralization while investigating the relationships between the two mineralization styles.

Core samples are being dispatched from the Company’s core logging facility in Houston, B.C. to the ALS Global preparation facility in Kamloops, B.C. Samples from the first two holes are in the lab and more are anticipated to arrive in the coming days.

Buck Property

The ~33,000 hectare property is located approximately 12 kilometres south of Houston, British Columbia, has excellent nearby infrastructure and allows for year-round road-accessible exploration.

National Instrument 43-101 Disclosure

This news release has been approved by Sun Summit’s CEO, 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. 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 Property 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.

Health and Safety

The Company’s exploration programs are being carried out in full compliance with federal, provincial, and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors, as well as surrounding communities in which the Company works.

About Sun Summit

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck Project located in north-central British Columbia.

The Company is exploring multiple high priority gold and silver targets through methodical, well-funded exploration campaigns with year round drilling access. The Project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established 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

For further information, contact:

Sharyn Alexander, M.Sc.
VP Technical Services

Nancy Curry
Corporate Communications

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; 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; 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; 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 Minerals Corp. (SMN) disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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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