Ms. Sharyn Alexander reports

SUN SUMMIT OBTAINS CONDITIONAL TSX VENTURE EXCHANGE APPROVAL FOR OPTION TO ACQUIRE JD PROJECT

Further to Sun Summit Minerals Corp.'s news releases dated Nov. 9, 2023, and Jan. 9, 2024, Sun Summit Minerals has obtained conditional TSX Venture Exchange approval for the company's option agreement with Victor F. Erickson, V.F. Erickson Consultants Ltd. and T. Cameron Scott, arm's-length parties to the company, to acquire a 100-per-cent interest in the JD project in the Toodoggone gold-copper district in north-central British Columbia. For further details regarding the option agreement, see the company's press release dated Jan. 9, 2024. Further to the company's press release dated Jan. 9, 2024, the company has determined that there will be no finders' fees payable pertaining to efforts in arranging the company's option to acquire a 100-per-cent interest in the JD project. The option agreement is subject to the final approval of the exchange.

In connection with the option agreement, Sun Summit intends to consolidate its outstanding common shares on the basis of one postconsolidation common share for every three preconsolidation common shares, as described in the company's news release dated Nov. 9, 2023. The new Cusip number for the company's common shares will be 86687V704 and the new ISIN (international securities identification number) will be CA86687V7043. The company is not changing its name or stock symbol. The company will announce the effective date of the consolidation by way of a future news release. The consolidation is subject to the approval of the exchange, but is not subject to the approval by the company's shareholders.

Shareholders with physical certificates will receive a letter of transmittal from Computershare Trust Company of Canada, the company's transfer agent, in connection with the consolidation. All registered shareholders will be required to send their certificate(s) representing preconsolidation shares, along with a properly executed letter of transmittal, to the company's transfer agent, in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary on the procedures for processing the consolidation of their shares and for determining their postconsolidation positions.

About Sun Summit Minerals Corp.

Sun Summit Minerals is a mineral exploration company focused on expansion and discovery of district-scale gold and copper assets in British Columbia. The company's diverse portfolio includes the Buck project in central British Columbia and the JD project in the Toodoggone region of 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.

We seek Safe Harbor.