Mr. Bob Willis reports

SUN SUMMIT APPOINTS SHARYN ALEXANDER AS PRESIDENT AND PROVIDES UPDATE ON ITS EXPLORATION DRILL PROGRAM AT BUCK

Sun Summit Minerals Corp. has provided a corporate update and informed shareholders on drilling progress at its 100-per-cent-controlled Buck property in central British Columbia. Two drill rigs are currently operating on site.

Highlights:

• Strengthens executive team by appointment of Sharyn Alexander to the position of president: Ms. Alexander brings a wealth of experience in mineral exploration, including most recently vice-president, technical services, for Sun Summit.
• Systematically testing the lateral and vertical extent of high-grade gold mineralization: Twenty holes have been drilled so far in the Trench zone, targeting vein-hosted high-grade gold mineralization (for example, 31.6 grams per tonne gold over 4.0 metres, including 246 grams per tonne gold over 0.5 metre, in BK21-020; see news release dated May 11, 2021).
• Expanding the footprint of near-surface, bulk-tonnage-style gold mineralization: Eight holes have been drilled so far in the Horseshoe and Trench zones stepping out from known zones of near-surface, bulk-tonnage-style gold mineralization (for example, 1.07 grams per tonne gold over 109 metres, including 7.17 grams per tonne gold over 5.2 metres, in BK21-017; see news release dated May 11, 2021).
• Assay and geochemical analyses under way: Core samples from 15 holes have been sent to the lab for assay, with additional core shipments being sent biweekly.

"We are very pleased to appoint Ms. Alexander to co-lead our executive team," stated Bob Willis, Sun Summit's chief executive officer. "Over the past few years, she has been instrumental in her role as vice-president, technical services, in facilitating and managing numerous aspects of our corporate and exploration activities. I look forward to working closely with her as our company continues to systematically advance the Buck property while maintaining the company's standards and best practices."

Ms. Alexander commented: "I am very excited to take on new challenges and lead the company through a very exciting time of growth and discovery. We are aggressively drilling at Buck with two rigs and the program is moving along as planned. I look forward to continuing to closely work with the executive team on the implementation of various strategic initiatives with the goal of delivering additional exploration success."

Drill program

The current drill program has three primary objectives (see news release dated Oct. 13, 2021): (1) investigate the extent and continuity of high-grade gold mineralization characteristic of the trench zone; (2) investigate the strike extent of near-surface, bulk-tonnage gold mineralization characteristic of the Horseshoe zone; and (3) investigate the limits of the mineralized hydrothermal footprint. All three objectives are being systematically addressed with two diamond drill rigs and a team of experienced exploration geologists continuously evaluating and amending the exploration model.

Over 10,000 metres were initially planned to be drilled within a footprint of approximately 600 metres by 300 metres (see news release dated Sept. 28, 2021). Twenty-eight holes totalling over 8,000 metres have been completed so far. Based on encouraging visual observations from numerous holes, multiple new holes are being planned.

Intervals of pervasive silica and sericite alteration peripheral to quartz-feldspar porphyritic dikes with associated quartz-sulphide veinlets and stockworks have been observed in multiple holes in the Trench zone. These prospective zones are hosted in fine-grained sedimentary and intermediate volcaniclastic rocks. The contact of these bedded rocks with thick sequences of poorly sorted and chaotic dacitic lapilli tuffs is interpreted to be a partial control on the distribution of gold-bearing, sphalerite-rich sulphide-cemented breccias of the Horseshoe zone. This interpreted structural contact has been modelled to be northwest trending. Additional drilling is planned to test along this trend between the Trench and Horseshoe zones with the aim of expanding zones of near-surface mineralization while investigating the relationships between the two mineralization styles.

Core samples are being dispatched from the company's core logging facility in Houston, B.C., to ALS Global preparation facilities in Kamloops, Langley and North Vancouver, B.C. Samples from the first 14 holes are in the lab, and more are anticipated to arrive in the coming days.

Sharyn Alexander

Ms. Alexander is a geologist with over 15 years of experience in mineral exploration and mining. She has worked with a number of companies such as B2Gold, Barrick (Australia) and SRK Consulting. Her diversified skill set includes project management, business development, strategic planning, relationship building, social responsibility, investor relations and marketing. Ms. Alexander earned her bachelor of science (geology) from McMaster University and her master of science (geology) from the University of Toronto, and she holds an advanced diploma in GIS (geographic information systems) from BCIT.

Buck property

The approximately 33,000-hectare property is located approximately 12 kilometres south of Houston, B.C., has excellent nearby infrastructure and allows for year-round road-accessible exploration.

National Instrument 43-101 disclosure

This news release has been approved by Sun Summit's chief executive officer, Robert D. Willis, PEng, a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. He has also verified the data disclosed, including sampling, analytical and test data, underlying the technical information in this news release.

Community engagement

Sun Summit is engaging with first nations on whose territory the Buck property is located and is discussing their interests and identifying contract and work opportunities as well as opportunities to support community initiatives. The company looks forward to continuing to work with local and regional first nations as the project continues.

Health and safety

The company's exploration programs are being carried out in full compliance with federal, provincial and municipal guidelines established in response to the global COVID-19 pandemic. Sun Summit has a rigorous infection prevention and control protocol in place to protect the health of employees and contractors as well as surrounding communities in which the company works.

About Sun Summit Minerals Corp.

Sun Summit Minerals is an exploration company focused on expanding its epithermal gold discovery at its flagship Buck project located in north-central British Columbia.

The company is exploring multiple high-priority gold and silver targets through methodical, well-financed exploration campaigns with year-round drilling access. The project has high-grade and bulk-tonnage gold and silver potential and is located in a mining-established region that includes many former-operating mines and current exploration projects.

Sun Summit is committed to environmental and social responsibility with a focus on responsible development to generate positive outcomes for all stakeholders.

We seek Safe Harbor.