2022

Vancouver, B.C. December 1st, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the appointment of Ken MacDonald as Vice President of Exploration, effective immediately.

Ken is a registered professional geologist with 35 years of experience in the mining sector, including work as a consulting exploration geologist, as a senior project manager for a Canadian engineering company, and as a senior permitting official with the Mines Branch of the B.C. government. He is also a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. 

Ken has managed and participated in a wide range of exploration projects in varied terrain, principally in Western Canada, and has international experience in Mexico and South America. He has been responsible for design and implementation of exploration programs from grass-roots to advanced drill definition. He has also managed or participated in mine scoping, preliminary economic assessments, pre-feasibility and feasibility projects, bulk sample projects, and environmental assessments. He was responsible for all mine permitting for the Mt. Milligan open pit copper-gold mine. 

Sharyn Alexander, President of Sun Summit, commented “We are very pleased to have Ken join the Company as Vice President of Exploration. The Buck Project is at a pivotal phase of advancement, where the compilation and review of newly attained data will be critical in establishing the next phases of work. Ken’s project management experience and geological expertise will optimize the systematic advancement of the project towards new discoveries and expansion. We are excited to have someone with his experience leading the technical team.”

Ken MacDonald added “I look forward to working with the executive leadership and technical team to execute on the technical priorities at the Buck Project while contributing to the overall corporate strategic plan. I support the strong corporate commitment Sun Summit has made to enhancing a culture of health, safety and environmental protection on a project that has such great growth potential.”

Ken will lead the Company’s technical team and manage all aspects of exploration as well as assist with maintaining business relationships with stakeholders, contractors, governments and local communities.

In connection with his appointment, the Company has granted Mr. MacDonald a stock option to purchase 150,000 common shares. The option, which vests immediately, is exercisable for up to five years at a price of $0.16 per share.

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.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com 

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

Tel. 778-588-9606

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. November 24, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to report the identification of a strong high-chargeability and coincident high-resistivity anomaly at the Eagle Eye target from its recently completed Induced Polarization (IP) geophysical survey. This IP survey was part of a systematic exploration program across the 33,000 hectare Buck Project, central British Columbia.

Highlights

• Completion of IP geophysical survey: A 34 line kilometre (km) IP geophysical survey was conducted at the Eagle Eye and IRK targets.
• Identification of a broad geophysical anomaly at Eagle Eye: A sizeable coincident high-chargeability and high-resistivity anomaly has been identified in preliminary IP results suggesting potential for sulfide-related mineralization. This geophysical signature is similar to that found at the Buck Main target.
• Property-wide exploration program now complete: Recent exploration at the Buck Project included systematic geochemical sampling, geophysical surveying, and the completion of 3,000 metres of diamond drilling in eight holes (see news release dated November 8, 2022). Assay results from drill core, rock, silt and soil samples are pending.
• Drill target generation across the project: The results of the IP survey, as well as the results from geochemical sampling, will be used to delineate additional high-priority drill targets at these untested areas.

“Results from the recently completed IP survey further confirm that additional prospective targets likely exist throughout the Buck Project, and ongoing systematic exploration has the potential to identify and advance these new targets to drill-ready stage. The coincident geophysical anomalies, favourable lithologies, and sulfide-mineralized showings at Eagle Eye are indicators of the high prospectivity at this untested target. As we await final IP results and interpretation from the IRK grid, as well as all assay results from our property-wide soil, silt and rock geochemical surveys, we will be equipped to evaluate all the available data to best define new high-priority drill targets for the resumption of drilling Buck.” stated Sharyn Alexander, President of Sun Summit.

Figure 1. IP chargeability map showing 100 m depth slice through the Eagle Eye zone

Eagle Eye Geophysics

The Eagle Eye target consists of multiple, broad high-resistivity anomalies identified in Versatile Time Domain Electromagnetic (VTEM) geophysical data (see news release dated August 11, 2022), which cover an area of approximately 3.0 by 2.5 kms. A strong, near-surface, high-chargeability anomaly has now been defined, which is locally coincident with the southeastern resistivity anomaly (Figure 1). Strongly quartz-pyrite altered volcanics and intrusive rocks have been observed in the east-west trending ravine that transects the target. The new IP geophysical data corroborates the 2004 survey data and suggests the highly-chargeable, potentially sulfide-related bedrock source covers an area of roughly 700 by 600 metres (Lloyd, 2004). The target area is also coincident with a broad zinc and arsenic soil geochemical anomaly (see news release dated September 22, 2022). Further exploration, including drill testing, is required to follow-up the target with the aim of investigating the source of the geophysical anomalies.

The Eagle Eye IP grid consisted of four 100 metre spaced, east-west oriented lines, as well as a reconnaissance east-west oriented line located 550 metres to the north, for a total of 10.3 km of surveyed lines. Readings were collected on 100 metre spaced dipoles.

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 he 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

https://sunsummitminerals.com/wp-content/uploads/2022/11/Fig-1-Buck-EE-IP-Nov-NR-scaled.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com 

Roger Blair
Acuity Advisory Corp., Corporate Communications
rblair@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. November 8th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to provide an update on the Company’s exploration drill program at the 33,000 hectare Buck Project, central British Columbia. Drilling conducted in the latest drill program has successfully extended the footprint of near-surface sulfide-related mineralization at the Buck Main zone.

Highlights

• Over 3,000 metres of diamond drilling in eight holes have so far been completed at Buck Main: All holes successfully intersected multiple zones of disseminated, breccia- and/or vein-hosted sulfide mineralization. 
• Drill holes were predominately step-outs: Holes were designed to investigate the lateral extent of near-surface gold-silver-zinc mineralization (see news release September 8, 2022).
• System remains open: Holes covering an east-west strike length of over 1,000 metres have now intersected broad zones of sulfide mineralization. 
  • Six new holes were drilled on the western side of Buck Main targeting known zones of disseminated and vein-hosted mineralization (e.g., BK22-070; 1.09 g/t gold equivalent (AuEQ^1,2) over 73.5 metres³; see news release May 3, 2022).
  • Two new holes were drilled on the eastern side of Buck Main targeting eastward extensions of breccia-hosted and bulk-tonnage style disseminated mineralization (e.g., BK22-075; 1.08 g/t AuEQ^1,2 over 63.5 metres³; see news release June 1, 2022).
• Assay and geochemical analyses underway: Core samples from all recently completed holes have been sent to the lab for assay and geochemical analyses and will be reported once received and reviewed. Assay results will provide important information for follow up drill planning and targeting.
• Ongoing geophysical survey at priority target areas: An Induced Polarization (IP) geophysical survey is ongoing at the IRK and Eagle Eye targets to investigate potential zones of strong sulfide-related mineralization. 
• Drill target generation across the project: The results of the IP survey, as well as the results from geochemical sampling, will be used to delineate high-priority drill targets elsewhere on the property.

Sharyn Alexander, President of Sun Summit, stated, “We are very pleased with our drill progress this season. We have selected key areas at Buck Main and tested the extent of known mineralized zones. Buck Main is a complex hydrothermal system and the data from these systematic step-out holes will form a critical dataset required to target additional potential extensions. We anticipate drilling to recommence once all drill data is received and reviewed. 

“In addition, we eagerly await the results from our ground IP geophysical survey over the IRK and Eagle Eye target areas. Data from these surveys will allow us to better delineate high-priority drill targets at these untested areas.”

Figure 1. Fall 2022 Drill Program at Buck Main

Drill Program

Sun Summit has completed over 3,000 metres in eight diamond drill holes at Buck Main as part of the Company’s fully-funded fall 2022 program (see news release September 8, 2022). This program followed-up several successful drill campaigns totalling 75 diamond drill holes over 27,000 metres. Epithermal-related gold-silver-zinc mineralization has been intersected in drill holes at Buck Main covering a strike length of over one kilometre and the system remains open in all directions (Figure 1).

Six drill holes tested the western side of the Buck Main zone. The holes targeted western strike-extensions of disseminated and vein-hosted pyrite-sphalerite mineralization hosted in quartz-sericite altered volcaniclastic breccias and stratified intermediate volcanic and sedimentary rocks. These western holes were designed to follow-up on the recent significant discovery of strong gold-silver-zinc mineralization (e.g., BK22-070; 1.09 g/t AuEQ over 73.5 metres, see news release May 3, 2022; and BK21-025; 1.04 g/t AuEQ^1,2 over 62.0 metres³, see news releases June 10, 2021 and February 22, 2022) and test for possible extensions.

Two holes were also drilled on the eastern side of the Buck Main zone. The holes targeted eastward extensions of disseminated pyrite-sphalerite mineralization hosted primarily in dacitic volcaniclastic breccias. The holes were collared over 100 metres from  previously reported significant intervals (e.g., BK21-033; 0.87 g/t AuEQ^1,2 over 409 metres³ including 1.1 g/t AuEQ over 265 metres, see news release February 22, 2022, and BK22-075; 1.08 g/t AuEQ over 63.5 metres, see news release June 1, 2022).

Core samples from the drill holes are currently being analyzed at the lab and assay results will be released once they are received, modelled, and interpreted. Drilling will continue at Buck Main upon receipt of these results, which will be used to prioritize follow-up drilling. 

Geophysical Survey

Over 30 line-kilometres of IP geophysical data has been acquired at the IRK and Eagle Eye target areas. Results and associated inverted chargeability and resistivity models from the surveys, together with results from the recently completed soil geochemical surveys, will inform drill targeting elsewhere on the property.

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.

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.

Notes:

1. Calculations were uncut and length-weighted using a 0.10 g/t gold cut-off.
2. AuEq assumed 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).

3. Intervals were downhole core lengths. True widths are unknown.

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/2022/11/Fig1_Buck_Drilling_Nov_NR-v2.jpg 

For further information, contact:

Sharyn Alexander

President

info@sunsummitminerals.com

Tel. 778-588-9606

Roger Blair

Acuity Advisory, Corporate Communications

rblair@sunsummitminerals.com 

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., November 4, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) has retained Acuity Advisory Corp. of Vancouver, BC to provide communications and advisory services commencing November 3, 2022. 

Acuity was founded in 2022 to provide assistance to Canadian and U.S. listed companies with their corporate communications. Acuity’s founders and principals, Jeffrey Wilson and Roger Blair have over 25 and 22 years of experience respectively, in public markets, bringing to Sun Summit extensive experience in investor relations and corporate communications, within the global mining industry. Acuity’s network encompasses North American and international investors, consisting of institutional and retail investors, retail advisors, investment bankers, mining analysts, high net worth individuals and strategic investors.

Acuity will be paid a fee of $10,000 per month for its services until December 31, 2022, after which the fee will be $12,000 per month, which fee will be paid from the Company’s working capital. The retainer has an initial term of six months, which will continue thereafter on a monthly basis and may be terminated at any time on 30 days notice by either Acuity or Sun Summit.

Sun Summit has granted to Acuity’s shareholders options to purchase an aggregate of 200,000 shares for five years at a price of $0.16 per share. Each option vests at the rate of 50,000 shares every three months, commencing three months from granting. Acuity and its shareholders have advised Sun Summit that they do not currently own any shares of the Company nor do they have any right to purchase shares other than an option to purchase 100,000 shares from the Company at $0.25 per share until July 11, 2027 held by Jeffrey Wilson. 

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

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

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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Vancouver, B.C. July 14^th, 2022: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the completion of a high-resolution VTEM (Versatile Time Domain Electromagnetic) geophysical survey across the Buck Property, central British Columbia.

Highlights

• Property-wide geophysical survey complete: Over 1,800 line kilometres of high-resolution geophysical data was acquired from across the 33,000 hectare property. 
• High-resolution data to assist with target generation: Preliminary VTEM results are being interpreted together with compiled geological and geochemical data to define areas considered prospective for Buck-style epithermal-related gold-silver-zinc mineralization as well as porphyry-related copper mineralization. 
• Reinterpretation of historic datasets: Reassessment of existing geophysical and geochemical data will aid in generating a prospectivity assessment to enhance targeting.
• Property-wide surface exploration to follow: Field crews will be mobilised following geophysical data interpretation to conduct focused geological and structural mapping and soil geochemical surveys across priority target areas.
• Drill planning in progress: Targets within and peripheral to the Buck Main system are currently being prioritised and drill hole planning is ongoing. 
• Strong financial position: The Company is well capitalized with over $5.0 million in the treasury. 

Sharyn Alexander, Sun Summit’s President, stated: “The primary goal of the VTEM geophysical survey was to obtain important new data from across the large property to identify and prioritise zones of high prospectivity outside of the Buck Main zone. This new data, together with compiled and reinterpreted historic and recently acquired exploration data, will provide our technical team with a robust dataset to build on this summer with the primary goal of discovery. We are excited to use this information to potentially expand existing targets and identify new targets across our property, and look forward to starting our field programs shortly.”

Geophysical Survey

The company engaged Geotech Ltd. to carry out the helicopter-borne VTEM geophysical survey across the Buck property (see news release from June 14^th, 2022). The over 1,800 line kilometre survey was conducted on east-west oriented lines spaced 200 metres apart. Preliminary maps of the data have been supplied by Geotech and final processed data and reporting is expected in the coming weeks. 

The focus is to investigate the electromagnetic signature of the Buck Main epithermal-related system and to look for comparable signatures across the entire property. These potential anomalies, together with other signatures interpreted to be related to additional mineralization styles, including porphyry-related, will be ranked and prioritised. Follow-up geological and geochemical surveys will commence shortly after all data has been fully interrogated and target areas are prioritized.

Data Compilation and Interpretation

A recent focus has been the compilation and reassessment of all historic and recently acquired geophysical and geochemical data from across the property. This updated compilation and rigorous data analysis (e.g., prospectivity assessment) was considered critical to systematically assess the relevance of 1980’s and 1990’s vintage data compared to more recent exploration data. Data from over 9,000 soil, 1,900 rock, and 100 silt geochemical samples and multiple IP (induced polarization), airborne and ground magnetic surveys are now being used with improved levels of confidence and weighting to help interpret the high-resolution VTEM data and develop new target areas.

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. 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.

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.

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; 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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