Mr. Niel Marotta reports

SUN SUMMIT ANNOUNCES UPSIZED NON-BROKERED PRIVATE PLACEMENT OF UP TO $10 MILLION

Due to significant investor demand, Sun Summit Minerals Corp. has increased the maximum gross proceeds of its previously announced non-brokered private placement from $3.5-million to $10-million plus an overallotment option whereby the company may increase the size of the private placement by 15 per cent to $11.5-million prior to closing. The private placement includes a combination of: (i) charity flow-through units of the company at a price of 10.5 cents per charity FT unit; (ii) flow-through units of the company at a price of 7.5 cents per FT unit; and (iii) non-flow-through units at a price of seven cents per NFT unit.

"We are very pleased with the strong investor interest in Sun Summit's private placement and enthusiasm for the JD project," said Niel Marotta, Sun Summit Minerals chief executive officer and director. "The incremental capital provided from the upsizing of this equity raise will fund an aggressive drill program at JD in 2025 and, additionally, will allow the company to pursue infrastructure improvements, which will potentially extend the drill season and lower our per-metre exploration costs. Our exploration program for 2025 will be focused on discovery and expansion at the JD project, including a minimum of 5,000 metres of drilling at high-potential targets identified in both the Creek and Finn zones, as well as select targets along the 4.5-kilometre Creek-to-Finn corridor."

Each charity FT unit will consist of one charity flow-through common share in the capital of the company and one common share purchase warrant. Each charity FT unit will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

Each FT unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each FT unit will qualify as a flow-through share within the meaning of the tax act.

Each NFT unit will consist of one non-flow-through common share in the capital of the company and one common share purchase warrant.

Each charity FT warrant, each FT warrant and each NFT warrant will entitle the holder thereof to acquire one common share at a price of 11 cents for a period of two years following the closing of the private placement.

Pursuant to the private placement, up to a maximum of 142,857,142 common shares and 142,857,142 common share purchase warrants are issuable in aggregate, or 164,285,714 common shares and 164,285,714 common share purchase warrants, if the overallotment option is exercised by the company in full.

The company intends to use all of 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, provided that the company will use an amount equal to the gross proceeds received by the company from the sale of the FT units to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the tax act.

The closing of the private placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange. The company may pay finders' fees in cash or securities to certain arm's-length finders engaged in connection with the private placement, subject to the approval of the TSX-V. 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 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 British Columbia and the Buck project in central B.C.

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