Mr. Brian Lock reports

SUN SUMMIT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS AND NON-FLOW-THROUGH UNITS

Sun Summit Minerals Corp. has arranged a non-brokered private placement consisting in the issuance of: (i) up to 3,571,429 flow-through units of the company at a price of 21 cents per FT unit; and (ii) up to 1,388,889 non-flow-through units of the company at a price of 18 cents per NFT unit, for aggregate gross proceeds to the company of up to $1-million.

Each FT unit will consist of one common share of the company issued on a flow-through basis under the Income Tax Act (Canada) and one-half warrant. Each NFT unit will consist of one non-flow-through common share of the company and one-half warrant. Each warrant will entitle the holder to acquire one non-flow-through common share of the company at an exercise price of 25 cents for a period for 24 months from the date of issuance of the warrant.

The company intends to use the proceeds of the private placement for exploration and development at the company's mineral property interests in British Columbia, Canada, and for general working capital purposes. The gross proceeds from the issuance of all flow-through shares will be used to incur Canadian exploration expenses and qualify as flow-through mining expenditures under the Income Tax Act (Canada), which will be renounced to the purchasers of flow-through shares with an effective date of no later than Dec. 31, 2024, in an aggregate amount no less than the proceeds raised from the issue of the flow-through shares.

The closing of the private placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange. The securities issued in the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.

About Sun Summit Minerals Corp.

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