2023

Roger Blair

Acuity Advisory Corp., Corporate Communications

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.

Figure 1. IRK drill hole locations

Jun 20

Sun Summit Reports Results from Reconnaissance Drilling at IRK and Eagle Eye; Provides Exploration Update

By Rebecca Kerswell 2023

Vancouver, B.C. June 20, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the results from its recent diamond drill program comprising 2,016 metres over nine diamond drill holes from the IRK and Eagle Eye targets on the Buck Project, central B.C. Exploration drilling at IRK and Eagle Eye intersected broad zones of strong alteration with anomalous pathfinder element geochemistry and zones of anomalous zinc and silver values were intersected in most holes.

Highlights

IRK Target: Seven holes for 1,430 metres were drilled at three locations at IRK, intersecting intense alteration and veining with visible sulfide mineralization and anomalous zinc and silver.
Eagle Eye Target: Drilling two drill holes for 586 metres, intersecting stringer pyrite associated with anomalous zinc and silver values.
Property-wide exploration aimed at discovery: Crews have mobilized to site to begin a significant exploration program focused on high priority targets in our expanding project area, including the recently acquired CR property (see June 1, 2023, news release).
Drilling at Buck Main: Step-out drilling, focused on new zones of potential high-grade and bulk-tonnage mineralization, has commenced (see June 8, 2023, news release).

“Significant overburden cover at both the IRK and Eagle Eye targets has required us to prospect with the drill bit. Results from drilling indicate further work may be considered in these areas,” stated Sharyn Alexander, Sun Summit’s President. “Our property-wide exploration plan has now been expanded to cover not only recently staked ground, but also the CR property. Exploration areas are being prioritized based on very positive rock and soil precious metal sample results from our previous field work, and our ability to get these targets to the drill ready stage. Our pipeline of highly prospective targets, which are primarily gold and silver, represent the exploration upside of this emerging region. The Buck property sits in the center of one of the best metal endowed regions in central B.C.”

Exploration Drilling at Eagle Eye and IRK

Over 2,000 metres of diamond drilling was recently completed at the Eagle Eye and IRK target areas (see March 15, 2023 news release). Geochemical and lithological results from Eagle Eye and IRK drilling confirm the presence of strong hydrothermal-related alteration zones with anomalous pathfinder element geochemistry interpreted to represent buried epithermal-related systems.

Further work is required to better define vectors to potential high-grade vein-sets. Correlation of stratigraphy across the Buck property has been improved from recent drilling at Buck Main, Eagle Eye, and IRK. Drilling has led to an improved understanding of the controls on mineralization and will help to identify favourable host rock with potential economic mineralization on the Buck property.

IRK Target

Seven holes for 1,430 metres were completed at IRK (Figure 1). The holes tested a north-south inferred structure defined by coincidental resistivity, chargeability, and geochemical anomalies interpreted to be related to a large-scale porphyry system or epithermal vein system. Most holes collared in intense quartz+sericite altered volcaniclastic andesite with broad zones of intrusion-related quartz veining/stockwork (see April 4, 2023 news release). Zones of anomalous zinc and spot silver values were intersected in most holes (Table 1). Zinc appears to be associated with alteration intensity, whereas silver appears to be correlated with the presence of fine black sulphides.

Recent mapping and sampling at IRK have confirmed the previous interpretation of a large (>1,000 ha), strong multi-element soil anomaly (Ag-Zn-Pb-As-S) with an overall NW-SE trend. Rock samples from this area returned results of up to 1.7% Zn, 95 g/t Ag and 2.4% Cu (see April 4, 2023 news release).

Table 1: Summary of anomalous assay results from IRK drilling

Hole ID	From (m)	To (m)	*Interval (m)**	Ag (g/t)	Zn (ppm)
IRK23-002	14.0	19.5	5.5	1.0	571
IRK23-003	21.0	64.5	43.5	0.8	1439
including	21.0	40.5	19.5	1.3	1480
IRK23-004	33.5	73.0	39.5	0.9	1336
including	56.0	73.0	17.0	1.6	1447
IRK23-005	27.5	49.0	21.5	1.0	919
including	42.5	48.3	5.8	2.5	1203
and	127.5	130.5	3.0	0.9	566
IRK23-006	No significant intercepts
IRK23-007	No significant intercepts

* Intervals are downhole core lengths. True widths are unknown.

Eagle Eye Target

Drilling at Eagle Eye was designed to test a strong IP chargeability anomaly target associated with mapped alteration that was inferred to potentially be associated with a mineralized porphyry system at depth. Two holes for 586 metres were completed at Eagle Eye, intersecting broad zones of stringer pyrite associated with quartz+sericite altered quartz-feldspar-porphyry (QFP) dykes hosted in sedimentary rocks (Figure 2). The presence of pyrite in drilling explains the strong chargeability anomaly. Zones of anomalous zinc and spot silver values were also intersected (Table 2).

Figure 2. Eagle Eye drill hole locations

Previous prospecting and mapping in the Eagle Eye area identified altered sedimentary rocks and hydrothermal breccias with sulphide mineralization. The 2022 VTEM and magnetic survey delineated resistive zones around Eagle Eye, which were inferred to be associated with silica alteration within intrusive units. Recent mapping at Eagle Eye helped to better define a volcano-sedimentary unit intruded by unaltered granodiorites with associated zones of strong silica-sericite±pyrite alteration.

Table 2: Summary of anomalous assay results from Eagle Eye drilling

Hole ID	From (m)	To (m)	*Interval (m)**	Ag (g/t)	Zn (ppm)
EE23-001	106.1	109.1	3.0	1.7	224
and	112.1	117.6	5.5	1.7	228
EE23-002	16.5	18.0	1.5	0.7	3580

* Intervals are downhole core lengths. True widths are unknown.

Table 3: Drill collar locations

Prospect	Hole	Easting	Northing	Elevation (m)	Depth (m)	Azimuth	Dip
IRK	IRK23-001	654633	6008994	1036	239	305	-50
IRK	IRK23-002	654636	6008989	1036	266	230	-70
IRK	IRK23-003	654534	6008002	1015	170	45	-60
IRK	IRK23-004	654531	6008002	1015	95	100	-50
IRK	IRK23-005	654529	6008002	1015	200	240	-50
IRK	IRK23-006	655213	6008270	1068	185	300	-50
IRK	IRK23-007	654629	6008985	1036	275	360	-55
Eagle Eye	EE23-001	652519	6016985	910	284	90	-65
Eagle Eye	EE23-002	652513	6016992	910	302	5	-57

* Coordinates are in UTM NAD83 Zone 9N

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 Langley, B.C., by bonded courier. Samples were prepared using standard preparation procedures which involves crushing the entire sample until 70% passes through 2 mm screens. A 250 g split is pulverized to better than 85% passing a 75-micron screen.

Following sample preparation, the pulps were sent to the ALS Global analytical laboratory in North Vancouver, B.C. for analysis. ALS Global is registered to ISO/IEC 17025:2017 accreditations for laboratory procedures.

Core samples were analyzed for 33 elements by ICP-AES on a 0.25 gram sample using a four-acid digestion (method ME-ICP61). Gold was analyzed by fire assay on a 30 gram sample with an AAS finish (method Au-AA23). Gold overlimit analysis is conducted by fire-assay fusion, gravimetric finish (Au_GRA21) on a 30 g split when Au-AA23 return values >9 ppm. Ag, Cu, Pb, and Zn overlimit analyses are conducted using an ore-grade 4-acid digest and ICP-AES analysis (ME-OG62). Ag analysis triggers overlimit analysis when ME-ICP61 returns values >90 ppm. Cu, Pb, and Zn triggers overlimit analysis when ME-ICP61 return values >10,000 ppm.

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

National Instrument 43-101 Disclosure

Community Engagement

About the Buck Project

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

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

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration company focused on expansion and discovery of district scale gold and copper assets in north-central British Columbia.

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig1_IRK_Drilling_June_NR.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig2_EagleEye_Drilling_June_NR.jpg

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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

Jun 13

Sun Summit Completes Acquisition of Drill-Ready CR Property

By Rebecca Kerswell 2023

Vancouver, B.C. June 13, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that it has completed the acquisition from Teck Resources Limited (Teck) of the 8,964-hectare porphyry copper-molybdenum CR property, located contiguous to Sun Summit’s 43,000 hectare Buck property in central B.C. The combined property covers 52,000 hectares (520 square kilometres), which expands the Company’s land position by more then 20%.

Sun Summit acquired the CR property by the issuance to Teck of 2,272,727 common shares valued at $250,000. Teck retains a 1.0% net smelter returns (NSR) royalty on the property, of which one-half (0.5%) may be re-purchased for $2,000,000 at any time, resulting in Teck retaining a 0.5% NSR royalty. There is a pre-existing 0.5% NSR royalty to the original landowner which can be re-purchased for $10,000,000. In accordance with Canadian securities laws, the shares are subject to a four month hold period expiring on October 13, 2023.

Termination of SmallCap Communications Inc.

Sun Summit also announces that, effective June 30, 2023, SmallCap Communications Inc. of Vancouver, B.C. will no longer provide social media management and communication services to the Company.

About the Buck Project

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

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration company focused on expansion and discovery of district scale gold and copper assets in north-central British Columbia.

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

Further details are available at www.sunsummitminerals.com.

National Instrument 43-101 Disclosure

The technical disclosure in this news release has been approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a “Qualified Person” as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. He has not been able verify the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release since such data was historical and the original drill core is not readily available.

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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

https://sunsummitminerals.com/wp-content/uploads/2023/06/Fig1_Buck_Drilling_June8_NR.jpg

Jun 08

Sun Summit Announces Commencement of Expansion Drilling at its Buck Main Precious Metals Project in Central B.C.

By Rebecca Kerswell 2023

Vancouver, B.C. June 8, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce the commencement of drilling at its Buck Main project, which marks the beginning of a multi-stage exploration program across its 52,000 hectare project area in central British Columbia.

Highlights

Significant drilling at the Buck Main zone: Approximately 3,500 metres over 15 priority diamond drill holes in previously untested areas, both laterally and at depth.
Improved understanding of controls on mineralization: Recent drill intercepts at Buck Main were incorporated into an updated 3D model which has led to an improved understanding of the geological and structural controls of mineralization, which will assist in ongoing drill planning and targeting.
Drilling designed to test untested areas: Planned drill holes will test recently recognized fault structures and veins that are often associated with high-grade mineralization elsewhere within the Buck Main zone.

“We have acquired and expanded a significant land package in an emerging polymetallic belt in central B.C., and our recent oversubscribed financing allows us to hit the ground running.” stated Sharyn Alexander, Sun Summit’s President. “Updating our geological modelling and structural analysis at Buck Main has led to a refinement of the known controls on mineralization. This new understanding has helped in the planning of step-out drill holes focused on targeting new zones of potential high-grade and bulk-tonnage mineralization. In addition, our multi-stage exploration program will provide ongoing newsflow throughout the summer as we continue to explore emerging targets on our expanding project area.”

Buck Main Drilling

Drilling at Buck Main is expected to commence mid-June and will initially consist of approximately 3,500 metres over 15 drill holes. The drill program was designed to test the potential high-grade core of the epithermal-related gold-silver-zinc system with a particular focus on previously unrecognized fault structures and high-density vein zones.

Drilling will incorporate new insights from the recently updated 3D model which allowed for the refinement of host lithologies and structures that are thought to control emplacement of hydrothermal breccias and vein sets in the overall structural corridor setting. In particular, modeling has allowed for the refinement of sub-units of key host andesitic volcaniclastic and dacitic pyroclastic rocks with a particular focus on structural controls that appear to define host plunge orientations thus far unrecognized at Buck Main. Modeling also revealed quartz feldspar dykes (QFPs) likely were emplaced in a later mineralization event. Other targets include hydrothermal breccias thought to occur at the modeled intersection of growth and transform faults, and presumed heavily disseminated mineralization domains where growth faults may project into coarse, dacitic pyroclastic sub-units. Additional drilling will be considered based on a successful outcome.

Figure 1. Proposed drill areas at Buck Main

Since 2020, the Company has completed 84 drill holes at Buck Main for over 30,000 metres. Results demonstrate significant mineral deposit potential with district wide size and scale opportunities. Recent drilling focused on expanding the footprint of near-surface bulk tonnage style mineralization and demonstrated strong expansion potential to west, north and south. The known mineralized footprint measures over one kilometre in strike length with mineralization open in all directions.

Broad zones of bulk tonnage-style disseminated mineralization are indicated by:

0.71 g/t Au, 5.6 g/t Ag, 0.62% Zn over 187 m (BK21-033)
1.07 g/t Au, 5.5 g/t Ag, 0.65% Zn over 109 m (BK21-017)

Significant high-grade mineralization is indicated by:

49.6 g/t Au, 10.8 g/t Ag, 0.06% Zn over 1.5 m (BK20-012)
246 g/t Au, 66.7 g/t Ag, 0.02% Zn over 0.5 m (BK21-020)
38.0 g/t Au, 137 g/t Ag, 5.9% Zn over 1.1 m (BK22-083)

Note drill intercepts are measured downhole and are not true widths.

National Instrument 43-101 Disclosure

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

Community Engagement

About the Buck Project

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

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

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a Canadian mineral exploration company focused on expansion and discovery of district scale gold and copper assets in north central British Columbia.

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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

Figure 1: Teck CR Property Location

Jun 01

Sun Summit to Acquire Drill-Ready Porphyry Cu-Mo Property; Consolidates Significant Land Position in Emerging Mineral Belt in Central B.C.

By Rebecca Kerswell 2023

Vancouver, B.C. June 1, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce it has agreed to the acquisition of the 8,964 hectare CR property from Teck Resources Limited, located adjacent to Sun Summit’s 43,000 hectare Buck property in central B.C.

Highlights of the acquisition include:

Drill-ready porphyry copper-molybdenum property: The CR property has multiple, near-surface copper zones with historic drill holes that bottomed in 0.1-0.5% Cu; highlights include: 68 metres at 0.50% Cu, 0.015% Mo; and 168 metres at 0.37% Cu, 0.017% Mo*.
Potential for discovery and expansion: The CR property is underexplored with numerous untested porphyry and epithermal targets.
Large property with existing exploration permit: Roughly 8,900 hectare property with an existing exploration drill permit.
Road accessible and excellent infrastructure: The CR property straddles a well-maintained forestry road that also serves as the haul road to the Huckleberry Mine. The Huckleberry Mine is less then 100 kilometres to the south with an industrial powerline running alongside the forestry road.
Expansion of land holdings: Expansion of a significant land position in the emerging central British Columbia porphyry-epithermal belt.
Favourable acquisition terms: The terms include acquisition of 100% ownership interest for Sun Summit shares and a net smelter return royalty (NSR) royalty, and no cash consideration or exploration commitments.

Sharyn Alexander, Sun Summit’s President commented, “The combination of the CR property with the Buck property greatly increases our land holding in the area. This drill-ready project is located within a highly-prospective region of central British Columbia known for gold and copper systems. The property is road and powerline accessible and comes with favourable acquisition terms that provides tremendous value for shareholders. The area has excellent exploration upside and demonstrated potential for porphyry-related mineralization in two drill-tested zones, plus mapped occurrences of skarn Au-Cu and epithermal Au-Ag mineralization elsewhere on the property that have seen only limited examination. We are pleased to add a compelling copper component to our ongoing exploration efforts and see great potential to expand the mineralized areas at both CR and Buck. We are excited to begin work on our growing land package in this emerging and significant mineral district in central B.C.”

The CR property is comprised of 19 contiguous mineral claims totalling 8,964 hectares and is contiguous to the Buck property on Buck’s western border (Figure 1). Combined, these two properties total 55 mineral claims covering 52,000 hectares (520 square kilometres), which expands the Company’s land position by more then 20%.

The most significant drill intercepts are reported from the CR property’s South Zone, which includes:

168 metres at 0.37% Cu, 0.017% Mo (8-176 metres, DDH CR-07-14*)
68 metres at 0.50% Cu, 0.015% Mo (14-83 metres, DDH CR05-03*)
105 metres at 0.35% Cu, 0.024% Mo (bottom 195-300 metres, ending in 0.5% Cu, DDH CR07-15*)

*Kraft et al, 2019, Year-End Report on Geophysical, Geological and Geochemical Work Conducted During 2019, CR Mineral Tenure, Omineca Mining Division, BC Ministry of Energy and Mines, AR 39054, 352 p

Terms of Acquisition

Sun Summit will acquire a 100% interest in the CR property through the issuance of 2,272,727 Sun Summit common shares valued at $250,000 based on the 20-day volume weighted average price of Sun Summit shares. Teck will retain a 1.0% NSR royalty on the property, of which one-half (0.5%) may be re-purchased for $2,000,000 at any time, resulting in Teck retaining a 0.5% NSR royalty. There is a pre-existing 0.5% NSR royalty to the original landowner which can be re-purchased for $10,000,000. The shares will be subject to a four month hold period in accordance with Canadian Securities laws.

About the CR Property

The CR property is located 15 kilometres southwest of Houston in west-central British Columbia and can be accessed by the all-season Morice River Forest Service Road (FSR) which accesses commercial timber licenses and leads south to Imperial Metal’s Huckleberry Mine. The Huckleberry Mine powerline transects the property from north to south. Secondary forestry roads provide good access to various targets on the property. A major highway, high-voltage power, gas pipeline, deep seaport and airport are in close proximity.

The CR property is underlain mainly by a sequence of Jurassic andesitic to rhyolitic tuffs, flows and volcaniclastic rocks of the Telkwa Formation of the Hazelton Group cut by intrusive dykes and stocks of variable porphyritic textures. Granodiorite and quartz-feldspar porphyry intrusions are associated with Cu-Mo porphyry-style mineralization at two zones: North Zone and South Zone. The South Zone is better exposed at surface and has been partially delineated by historical diamond drilling, whereas the North Zone is variably till-covered and was drill tested with two holes for the first time in 2019. Less well-understood vein, breccia and skarn showings have been delineated across the property.

Past exploration work has focused mainly on the South Zone and includes diamond drilling by Manson Creek Resources Ltd. which completed a total of 3,567 metres of diamond drilling in 2005 and 2007. Copper mineralization in the South Zone is understood to be hosted in an east-west porphyry system that measures roughly 700 metres wide and is possibly tilted to the east. A large IP chargeability-high anomaly associated with mineralization at the South Zone extends to the north, south and east, as well as to depth. Mineralization in the granodiorite is reported as disseminated chalcopyrite with rare bornite, as well as chalcopyrite-pyrite±molybdenite veins and hydrothermal breccia cement. Higher copper grades are reported to be associated with intense K-feldspar±quartz alteration. The most significant mineralization reported to date occurs in the hydrothermal breccias which host episodic mineralization including an early phase of chalcopyrite-magnetite followed by a later quartz-sericite-pyrite event.

Manson Creek’s drill pattern tested an east-west corridor, leaving possible extensions to the north, east and south untested. Many of the historical drill holes were relatively short (i.e., less than 300 metres from surface) and some terminated in mineralization.

Teck completed a 2018 field program consisting of an airborne magnetic-radiometric survey, stream sediment sample survey, and a geological mapping program. In 2019, Teck completed the first two drill tests of the North Zone, expanded ground IP coverage over the northeast quadrant of the property, and collected soil samples over the North Zone IP anomaly.

The North Zone is poorly exposed at surface but limited mapping has shown the zone is characterized by hydrothermal breccia, sodic-calcic altered granodiorite, and quartz-sericite altered quartz feldspar porphyry over several hectares. Two diamond drill holes totalling 876.5 metres tested the southern segment of a large IP chargeability high anomaly at the North Zone and intersected widespread pyrite mineralization with weak chalcopyrite hosted in both andesitic strata and granodiorite intrusions. The style and intensity of alteration and sulphide mineralization suggest the North Zone may represent the distal portion of a copper porphyry system.

There has been no work on the property since 2019 and many targets remain to be tested. Future work will focus on expansion of the east-west corridor at the South Zone by drill testing at depth and along strike where there is significant potential to expand the mineralized footprint into untested areas of the large chargeability anomaly. The large North Zone IP chargeability high anomaly remains largely untested and further assessment is required to plan drilling on the middle and north segments. A gap of approximately 850 metres separates the chargeability anomalies of the North and South zones and requires additional survey to examine any linkages between the two zones.

Figure 2. CR Property South Zone Long Section (looking north)

National Instrument 43-101 Disclosure

About the Buck Project

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

About Sun Summit

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/05/Fig-1-CR-Project-NR.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/05/Fig-2-CR-Project-Section.jpg

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

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

Tel. 778-588-9606

Forward Looking Information

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

May 17

Sun Summit Appoints Brian Lock as Executive Chairman

By Rebecca Kerswell 2023

Vancouver, B.C. May 17, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) is pleased to announce that Brian Lock has been appointed Executive Chairman. Brian brings over 40 years of experience in the mining industry including engineering, construction, and operations in his roles as Chief Electrical Engineer of a German mining company, two Canadian consulting firms, and as President and owner of Proton Engineering and Construction, responsible for the development of numerous precious and base metal mines in many parts of the world.

Brian has also held several positions as a director, Executive Vice-President, President and CEO of several public mining companies including Frontier Pacific Mining Corporation, Castle Peak Mining Ltd. and Scorpio Gold Corporation. He has been a director of Sun Summit for over 12 years and is a member of the Audit Committee and Chairman of the Corporate Governance Committee of the Board of Directors. For his services, Mr. Lock will be paid a monthly fee of $5,000 and an annual bonus as determined by the Board.

“We are very pleased to welcome Brian to the role of Executive Chairman.” stated Sharyn Alexander, Sun Summit’s President. “Brian provides the Company with significant leadership experience in the mining sector and will work closely with our team to deliver shareholder value and put Sun Summit on track for future growth. We look forward to working with Brian in his expanded role.”

Additional Finder Fee paid to Haywood for Private Placement

Sun Summit also announces that, in connection with its private placement that closed on May 10, 2023, it has paid Haywood Securities Inc. a finder’s fee of $770 and 7,000 Finder Warrants (each exercisable for two years at a price of $0.165) for the sale of 100,000 NFT Units for which Haywood overlooked claiming its fee. See the Company’s news release dated May 11, 2023, for further details.

About Sun Summit

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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

May 11

Sun Summit Closes Oversubscribed $2.89 Million Private Placement

By Rebecca Kerswell 2023

Vancouver, B.C. May 11, 2023: Sun Summit Minerals Corp. (TSXV: SMN; OTCQB: SMREF) is pleased to announce that it has closed its oversubscribed private placement for gross proceeds of $2,889,419.66 consisting of:

(i) 9,123,015 non-flow-through units at a price of $0.11 each (“NFT Units”) for $1,003,531.70; and

(ii) 15,715,733 flow-through units at a price of $0.12 each (“FT Units”) for $1,885,887.96.

“The successful closing of our oversubscribed financing has strengthened our balance sheet and positions us for a very active exploration season,” commented Sharyn Alexander, Sun Summit’s President. “Exploration plans at the Buck Project are being finalized but will include fieldwork aimed at advancing exploration targets to the drill-ready stage, as well as step-out drilling at Buck Main, following up on the strong expansion potential identified through recent drilling. We thank current shareholders for their continued support as well as welcome new investors through this financing. The Company is poised for an exciting year.”

Each NFT Unit consisted of one (non-flow-through) common share of the Company (an “NFT Share”), and one non-transferable common share purchase warrant (a “Warrant”). Each FT Unit consisted of one common share of the Company issued as a “flow-through share” under Canada’s Income Tax Act (a “FT Share”) and one Warrant. Each Warrant entitles the purchase of one (non-flow-through) common share of the Company (a “Warrant Share”) for two years at a price of $0.165.

The Company paid finder’s fees consisting of a commission of 7% of the gross proceeds raised by eligible finders (commissions of $159,986) and finder warrants (“Finder Warrants”) to purchase that number of Warrant Shares equal to 7% of the number of Units sold by the finders for two years at a price of $0.165 (1,159,857 Finder Warrants) as follows: Haywood Securities Inc. received $28,693 and 251,183 Finder Warrants, Echelon Wealth Partners Inc. received $37,089 and 106,050 Finder Warrants, Eventus Capital Corp. received $35,705 and 303,380 Finder Warrants, RedPlug Inc. received $29,400 and 245,000 Finder Warrants, Canaccord Genuity Corp. received $11,970 and 105,000 Finder Warrants, Red Cloud Securities Inc. received $7,280.67 and 62,794 Finder Warrants, GloRes Capital Inc. received $5,775 and 52,500 Finder Warrants, Richardson Wealth Ltd. received $3,360 and 28,000 Finder Warrants, and MogoTrade Inc. received $714 and 5,950 Finder Warrants.

The Company intends to use the proceeds raised from the placement for the exploration of the Company’s Buck Property and other properties in British Columbia 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, 2023, to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

The FT Shares, NFT Shares, Warrants and Warrant Shares will have a four month hold period expiring on September 11, 2023.

A senior officer of the Company acquired 20,000 NFT Units under the placement which constituted a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions and TSX Venture Exchange policy. However, such related party transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the NFT Units issued to, nor the consideration paid by, such senior officer exceeded 25% of the Company’s market capitalization. There was insufficient time between such subscription and the closing for the Company to file a material change report respecting the placement not less than 21 days before the closing of the placement.

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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

May 01

Sun Summit Engages Venture Liquidity Providers as Market Maker

By Rebecca Kerswell 2023

Vancouver, B.C. May 1, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) announces that it has engaged Venture Liquidity Providers Inc. (“VLP”) to provide market-making services for the maintenance of an orderly trading market in Sun Summit’s common shares.

The market-making services will be carried out through a registered broker, W.D. Latimer Co. Ltd. In consideration of its services, VLP will be paid a monthly fee of $5,000 (which fee will be paid from Sun Summit’s working capital) for a minimum of three months, renewable thereafter on one-month terms. Thereafter, the agreement may be terminated at any time by Sun Summit or VLP.
VLP is a specialized consulting firm based in Toronto, Ontario, providing a variety of services focused on TSX-V listed issuers. Sun Summit and VLP act at arm’s length, and Sun Summit has been advised that VLP has no present interest, directly or indirectly, in Sun Summit or its securities. The finances and the common shares required for the market-making services are provided by W.D. Latimer. The fees paid by Sun Summit to VLP are for market-making services only. The market making services of Red Cloud Securities Inc. of Toronto, Ontario, ended concurrent with VLP’s appointment.

About Sun Summit

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

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

Tel. 778-588-9606

Forward Looking Information

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

Apr 14

Sun Summit Arranges $2,250,000 Private Placement

By Sharyn Alexander 2023

Vancouver, B.C. April 14, 2023: 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) non-flow-through units at a price of $0.11 each (“NFT Units”); and (ii) “flow-through” units at a price of $0.12 each (“FT Units”) for gross aggregate proceeds of up to $2,250,000.

“The Buck Project represents significant discovery potential in what we believe to be an emerging porphyry-epithermal belt in central B.C.” stated Sharyn Alexander, Sun Summit President. “This financing provides an opportunity for the Company to continue drilling and expanding on the known mineralization at Buck Main, where the current footprint is 1,100 metres by 800 metres. As well, our 43,000 hectare land package allows ample opportunity to explore and advance currently known mineralized targets to drill ready, as well as commence an intense exploration program on the newly acquired ground. We are grateful to existing and new shareholders who have supported Sun Summit’s effort in advancing the Buck Project, and we continue to work on strategies to increase shareholder value. We will announce upcoming exploration and drilling plans shortly.”

Each NFT Unit will consist of one (non-flow-through) common share of the Company (an “NFT Share”), and one non-transferable common share purchase warrant (a “Warrant”). Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” under Canada’s Income Tax Act (a “FT Share”) and one 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 $0.165.

Eventus Capital Corp. has been retained as a finder in connection with the placement. The Company will pay finder’s fees consisting of a cash commission of 7% of the gross proceeds raised by Eventus and finder warrants (“Finder Warrants”) to purchase that number of Warrant Shares equal to 7% of the number of Units sold by Eventus. Each Finder Warrant will entitle the purchase of one Warrant Share at a price of $0.165 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, 2023, to the purchasers of the FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

Some of the directors and officers of the Company may acquire FT Units or NFT Units under the placement. Any such participation would be a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions and TSX Venture Exchange policy. Such related party transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any units issued to, or the consideration paid by, such persons will exceed 25% of the Company’s market capitalization.

The placement is expected to close on or around May 4, 2023, and is subject to the receipt of approval of the TSX Venture Exchange. The FT Shares, NFT Shares, Warrants and Warrant Shares will have a hold (restricted resale) period of four months from the closing date.

About Sun Summit

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

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

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

Tel. 778-588-9606

Forward Looking Information

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

Figure 1: Strong hydrothermal-related alteration with quartz-pyrite veins in IRK23-001

Apr 04

SUN SUMMIT INTERSECTS INTENSE ALTERATION AND VEINING IN DRILLING AT THE BUCK PROJECT; NEW CFO APPOINTED

By Rebecca Kerswell 2023

Vancouver, B.C. April 4, 2023: Sun Summit Minerals Corp. (TSX-V: SMN; OTCQB: SMREF) provides an update on its current drill program at the 43,000 hectare Buck Project, central British Columbia. Drilling at two new exploration targets, IRK and Eagle Eye, have intersected strong hydrothermal-related alteration and veining with visible sulfide mineralization in drill core.

Highlights

Ongoing exploration drill program: Initial drilling at IRK and Eagle Eye have intersected strong hydrothermal-related alteration and veining with visible sulfide mineralization. Approximately 2,000 metres of diamond drilling are planned at these two newly-delineated and previously untested drill targets, which are located outside of the Buck Main system (see news release from March 15, 2023).
Epithermal to porphyry-related mineralization at IRK: Strong alteration and veining, indicative of an epithermal to porphyry system, is present in drill core at the IRK target, with portable X-Ray Fluorescence Spectroscopy (pXRF) analysis indicating elevated silver, copper, lead and zinc values.
Assay and geochemical analyses underway: Core samples from completed drill holes have been sent to the lab for assay and geochemical analyses with additional core shipments to be submitted on a regular basis as drilling continues.
Upcoming field exploration aimed at discovery: Step-out drilling is currently being planned at the Buck Main zone to further test the strong expansion potential for gold-silver-zinc mineralization (see news release from January 19, 2023). A significant field program is also being planned at numerous under-explored targets across the Buck Project area.

Sharyn Alexander, Sun Summit’s President stated “Our technical team is encouraged by what we are seeing in drill core, which includes strong alteration and veining with visible sulfide mineralization. We are continuing to develop drill-ready targets outside of the Buck Main area via systematic exploration targeting. Our overarching aim is mineral discovery at the Buck Project, which is in what we believe to be an emerging porphyry-epithermal belt in central B.C.”

IRK Target

Several drill targets were outlined at the IRK target, located approximately 11 kilometres south of the Buck Main zone (see news release from March 15, 2023). The target area is characterized by anomalous silver, zinc, lead and copper in soil samples together with rock samples with up to 1.7% zinc, 95 g/t silver, and 2.4% copper associated with numerous N-S trending high-resistivity and high-chargeability lineaments, interpreted to potentially represent structurally-controlled epithermal-related vein mineralization.

Drilling in the northern part of the IRK target (Figure 1) intersected moderate to strong silica-sericite-clay altered volcanic rocks cut by a suite of intrusive dykes. Drill holes collared into strong veining which have been classified into three vein styles based on cross-cutting relationships; an earlier quartz-pyrite ± sphalerite vein set; pyrite stringers with pink (iron-carbonate-sericite) alteration haloes; and a later quartz-iron-carbonate vein set that cuts all lithologies. A red volcaniclastic breccia was intersected near the bottom of the holes.

Three porphyritic intrusive phases have been recognized in the northern IRK area. Host volcanic rocks contain stronger veining than the porphyritic dykes, which suggests that the dykes may be later than the main veining event. An earlier porphyry phase, responsible for the widespread veining, may therefore also be present and represents a prospective target.

Drill holes targeting the southern IRK area encountered strong clay-carbonate altered volcanic rocks, with abundant clay-carbonate veinlets with fine grained pyrite and grey/black sulfides. These rocks overlie the same red matrix volcaniclastic rocks as the northern IRK area. One drillhole intersected a lower fine-grained diorite dyke host to quartz-carbonate-sulfide veinlets. Veining within the diorite displays fine-grained pyrite rimmed with fine black sulfide/sulfosalt (Figure 2). Portable XRF analysis of these sulfides indicate elevated silver, copper, lead and zinc values.

The style of alteration and veining at the IRK target is interpreted to represent a broad epithermal to porphyry-related system. Future exploration drilling could target the source of the broad and locally intense distal-style hydrothermal alteration.

Figure 2: Veining in a fine grained equigranular intrusive rock with fine black sulfides in quartz-carbonate veining in IRK23-005. pXRF analysis of these sulphides indicate elevated Ag, Cu, Pb, and Zn.

New CFO to be Appointed

Sun Summit is pleased to announce that Waseem Javed will join the Company as its Chief Financial Officer (CFO) on April 15, 2023. He has provided accounting services for Sun Summit since 2017 and is familiar and up-to-date on the Company’s financial affairs.

Mr. Javed is a Chartered Professional Accountant specializing in assurance and advisory services for both private and publicly listed entities in Canada and the United States. He has transactional expertise in initial public offerings, secondary offerings, corporate restructurings, and mergers and acquisitions. Mr. Javed has over 15 years of accounting, auditing, and tax experience, and currently is partner of Manning Elliott LLP, a large regional accounting firm located in Vancouver, B.C. He graduated from Simon Fraser University with a Bachelor of Business Administration in 2008, and obtained his CPA, CA designation in 2012 from the Institute of Chartered Accountants of British Columbia.

Mr. Javed replaces Fernando Costa, who will be concurrently retiring as CFO. The Company thanks Mr. Costa for his contributions and years of service.

National Instrument 43-101 Disclosure

Community Engagement

About the Buck Project

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

About Sun Summit

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

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1:

https://sunsummitminerals.com/wp-content/uploads/2023/04/Fig-1-IRK23-001-scaled.jpg

Figure 2:

https://sunsummitminerals.com/wp-content/uploads/2023/04/Fig-2-IRK23-005.jpg

For further information, contact:

Sharyn Alexander

President

Roger Blair

Acuity Advisory Corp., Corporate Communications

Tel. 778-588-9606

Forward Looking Information

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