Mr. Greg Davis reports

SUN PEAK METALS SAMPLES UP TO 6.73 G/T GOLD FROM THE NEWLY IDENTIFIED HILUX ZONE AT THE AL MIYAH PROJECT

Sun Peak Metals Corp. has released initial surface sample results from a rock-chip and grab sampling program at its 100-per-cent-owned Al Miyah project (234 square kilometres). Al Miyah comprises three of the 13 exploration licences held by Sun Peak in the Kingdom of Saudi Arabia (KSA), which cover 1,072 square kilometres.

Highlights:

• A total of 175 rock-chip and grab samples sourced from artisanal workings were collected from three target areas: the Hishashat VMS (volcanogenic massive sulphide) target, the Al Miyah Main VMS target and the newly identified Hilux zone gold target. The Hilux zone comprises an approximately six-kilometre north-south trend marked by artisanal mining, including hand-dug shafts and pits, excavations, and placer workings.
• Rock-chip sampling and material sourced from artisanal workings at Hilux returned up to 6.14 and 6.73 grams per tonne gold, respectively.
• Property-wide sampling outside of known areas returned encouraging precious and base metal values.
• Further work at the Al Miyah property will comprise additional systematic geological mapping, trenching, rock and soil sampling, and ground time-domain electromagnetic (TDEM) and detailed ground gravity surveys.

Sun Peak has been continuously active on all of the company's projects in Saudi Arabia. The work reported in this news release is from the Al Miyah project only, which has been conducted concurrently with exploration programs at Halahila, Safra and the newly acquired licences from the Round 9 auction. Updates on each project will be forthcoming, as well as details on the company's first coming drill program in the KSA.

Greg Davis, chief executive officer of Sun Peak Metals, commented: "We are extremely excited by the initial results from the Hilux zone at Al Miyah, which demonstrates the strong gold potential of this newly discovered area. The impressive grades from surface samples highlight the opportunity for significant exploration success, and we look forward to advancing our work at Al Miyah and across our other projects in Saudi Arabia."

Hilux

The newly discovered Hilux zone comprises an approximately six-kilometre north-south trend marked by artisanal mining, including hand-dug shafts and pits, excavations, and placer workings. Initial analytical results from rock-chip and grab sampling and material sourced from artisanal workings returned very encouraging results, with values up to 6.73 g/t Au. Additional field studies at Hilux will include detailed geological mapping, rock and soil sampling, and induced polarization (IP) geophysical surveys to fully evaluate the potential of this new zone.

Hishashat VMS target

Grab samples collected from Hishashat VMS target returned up to 1.53 per cent copper, 1.45 grams per tonne gold and 29.8 grams per tonne silver. Additional grab and subcrop samples collected 1.9 kilometres and 0.7 kilometre along trend to the south returned encouraging values of 5.01 per cent and 0.93 per cent Cu, respectively, and are interpreted as copper-bearing stringer zones related to a VMS system. Previous sampling at Hishashat returned up to 4.53 g/t Au, 3.72 per cent Cu and 42.2 g/t Ag (see news release dated Jan. 13, 2026).

Concurrently with the surface sampling and geological mapping program, a total of 600 ground TDEM stations were conducted over the Hishashat VMS target trend and associated ground gravity-high anomalies within a relatively flat sediment basin (wadi). The company considers results from the ground TDEM survey to be very encouraging, with follow-up work including a trenching program designed to expose bedrock beneath sand-covered areas. Additional work at Hishashat will include ground gravity infill stations and line extension stations to the east and south.

Al Miyah Main VMS target

Detailed geological mapping was conducted at Al Miyah Main, outlining four separate VMS gossan lenses over a 300-metre north-northwest trend. Previous grab sampling from the VMS gossans returned up to 4.53 g/t Au, 3.72 per cent Cu and 42.2 g/t Ag (see news release dated Jan. 13, 2026). Additional sampling by the company at Al Miyah Main returned up to 0.94 g/t Au, 4.8 g/t Ag, 0.8 per cent Cu and 0.24 per cent zinc.

The company is planning the first ever ground gravity survey at Al Miyah Main, covering the full strike length of the zone, including potentially prospective areas to the north and south along its trend.

Regional exploration at Al Miyah

Sun Peak has also conducted initial regional reconnaissance prospecting on the Al Miyah project. New target areas were identified by the exploration team, which include results up to 2.5 g/t Au from an approximately one-metre-wide alteration zone exposed in a hand-dug artisanal pit and 1.49 per cent Cu from a malachite-stained diabase dike.

Follow-up work by the company will include rock sampling and regional geological mapping to assess the mineral potential surrounding each area. Property-wide airborne electromagnetic, magnetic and radiometric surveys are planned immediately following final approval of permits.

Qualified person

Arron Albano, PGeo, is the qualified person overseeing Sun Peak's exploration projects in Saudi Arabia and has reviewed and approved this press release.

Sun Peak's quality assurance and quality control protocols for rock samples disclosed herein follow industry-standard practices. Rock samples are delivered directly to Al-Amri Labs in Jeddah, Kingdom of Saudi Arabia, for analysis for gold by fire assay and multielement analyses, including silver, by inductively coupled plasma (ICP).

About Sun Peak Metals Corp.

Sun Peak holds district-scale VMS base metal and gold projects in the Kingdom of Saudi Arabia and Ethiopia.

In Saudi Arabia, the company controls 1,072 square kilometres across 13 exploration licences covering highly prospective ground along established VMS and gold trends, with a further approximately 200 square kilometres under application. The company's Shire project in Ethiopia covers six exploration licences totalling approximately 1,450 square kilometres within the highly prospective Arabian-Nubian Shield, the same geological environment as the Bisha mine and the Asmara project in Eritrea. Two licences (Meli and Terer) are held in joint venture with Ezana Mining, a private Ethiopian company, while the remaining four are 100 per cent owned by Sun Peak.

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