Mr. Niel Marotta reports

SUN SUMMIT ANNOUNCES CLOSING OF $11.5 MILLION NON-BROKERED PRIVATE PLACEMENT

Sun Summit Minerals Corp. has closed its non-brokered private placement, previously announced in the company's news releases on Dec. 9, 2025, and Dec. 12, 2025, through the issuance of: (i) 67,857,143 charity flow-through common shares in the capital of the company at a price of 14 cents per charity FT share; and (ii) 20 million non-flow-through common shares in the capital of the company at a price of 10 cents per NFT share, for aggregate gross proceeds to the company of $11.5-million.

The charity FT shares qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The company intends to use the gross proceeds of the private placement for exploration of the company's JD, Theory and Buck properties, and any other Canadian properties that the company may acquire, and for general working capital purposes, provided that the company will use an amount equal to the gross proceeds received by the company from the sale of the charity FT shares to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the tax act.

In connection with the private placement, the company paid aggregate cash finders' fees of $303,380 and granted an aggregate of 2,944,400 non-transferable finders' warrants of the company to arm's-length finders of the company in connection with the private placement. Each finder's warrant entitles the holder thereof to purchase one common share of the company, at an exercise price of 14 cents per share until Dec. 23, 2027.

The private placement is subject to the final approval of the TSX Venture Exchange. The securities issued in the private placement are subject to a hold period expiring on April 24, 2025, in accordance with applicable securities laws.

Options issuance

The company also announces that it has, subject to approval of the TSX-V, granted an aggregate of nine million stock options of the company to certain employees, directors and advisers of the company, in accordance with the rules of the TSX-V and the company's stock option plan. Each option entitles the holder thereof to acquire one common share in the capital of the company at an exercise price of 15 cents per common share until Dec. 23, 2030.

About Sun Summit Minerals Corp.

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

We seek Safe Harbor.