Mr. Richard Billingsley, a shareholder, reports

ACQUISITION OF SHARES AND WARRANTS OF SUN SUMMIT MINERALS CORP.

Richard Billingsley has acquired, together with his wife, as his joint actor, ownership of 2,308,333 common shares (representing 2.26 per cent of the outstanding shares) and warrants to purchase an additional 1,558,333 common shares of Sun Summit Minerals Corp. of Vancouver, B.C.

The acquisitions were made pursuant to (i) private placement subscriptions for 1,145,833 flow-through units at a price of 12 cents each and 412,500 non-flow-through units at a price of 12 cents each (totalling $182,875), each unit consisting of one common share and one warrant to purchase a further common share, (ii) property option payments of 750,000 shares at a deemed price of 15 cents each (totalling $112,500), and (iii) 795,980 shares by purchases made through the TSX Venture Exchange at an average price of 26.15 cents per share (totalling $208,148.77).

Immediately prior to the acquisitions, his joint actor and he owned and had control and direction over 7,674,020 common shares (representing 10 per cent of Sun Summit's outstanding common shares less one share).

His joint actor and he now own and have control and direction over 10,778,333 common shares (representing 10.53 per cent of Sun Summit's outstanding common shares) and warrants to purchase an additional 1,558,333 common shares. If the warrants were exercised, they would own and have control and direction over 12,235,666 common shares (representing 11.78 per cent of the outstanding shares) of Sun Summit.

The shares and warrants acquired privately were acquired for investment purposes and as an option payment, both under the prospectus exemption set out in Section 2.3 -- Accredited Investor of National Instrument 45-106 -- Prospectus Exemptions of the Canadian Securities Administrators.

Presently, his joint actor and he do not have any intention of acquiring any further securities of Sun Summit.

Mr. Billingsley will file an early warning report with the British Columbia and Alberta securities commissions in respect of the acquisition. Copies of the report may be obtained from SEDAR or without charge from me.