Mr. Greg Davis reports

SUN PEAK METALS CORP REPORTS UP TO 16.35 G/T GOLD AND 180 G/T SILVER FROM SURFACE ROCK-CHIP SAMPLES AT THE HALAHILA PROJECT, SAUDI ARABIA

Sun Peak Metals Corp. has released initial results from a systematic geological mapping, rock-chip and grab sampling program at its 100-per-cent-owned Halahila copper-gold-silver volcanogenic massive sulphide (VMS) project in the Kingdom of Saudi Arabia.

Halahila project highlights:

• Systematic geological mapping and rock chip sampling from the main VMS gossan outline a mineralized zone exceeding 650 metres of strike length, with widths of up to 30 metres, hosting encouraging gold and silver values.
• Twenty-five per cent of samples (24 of 98) returned greater than one gram per tonne gold, with values up to 16.35 g/t gold.
• Twenty-nine per cent of samples (28 of 98) returned greater than 10 g/t silver, with values up to 180 g/t silver.

These results represent the first exploration data since Sun Peak completed its acquisition of Saudi Discovery Company on Dec. 18, 2025. The company is concurrently advancing exploration at its 100-per-cent-owned Al Miyah and Safra projects, with results to be reported separately.

Greg Davis, chief executive officer of Sun Peak Metals, commented: "Our exploration team is highly encouraged by the initial results from the Halahila project. The project represents a compelling copper-gold-silver VMS target within the Kutam-Al Masane VMS belt in Saudi Arabia. The target, which is comparable to targets the team previously drilled in East Africa, has strong surface gold and silver values, and warrants further, aggressive and systematic exploration. We are eager to advance the entire property through targeted and regional geophysical programs to better define subsurface controls on mineralization in preparation for drilling this year."

Halahila project overview

The 35-square-kilometre Halahila project is situated within the highly prospective Kutam-Al Masane VMS belt of the southern Asir Terrane in Saudi Arabia. The district hosts several VMS and gold deposits, including the Al Masane copper-zinc mining complex, located 45 km to the north, and the ancient historic Kutam copper mine, located 40 km to the west of Halahila.

Field evaluation and sampling

Continuing fieldwork at Halahila includes: detailed geological mapping and systematic rock-chip and channel sampling of the VMS gossans and associated alteration zones along a greater than 10-kilometre north-south trend. Results indicate extensive VMS-style mineralization and alteration, defining a continuous gold-enriched corridor over approximately 650 metres of strike length and widths up to 30 metres.

Reported samples were collected from surface exposures within the gold-silver-rich oxide (gossan) zone.

Next steps at Halahila

Sun Peak plans to conduct ground-based time-domain electromagnetic (TDEM) surveys in Q1 2026 to further define priority drill targets, with an initial drill program anticipated in Q3 2026.

A property wide drone magnetic survey is planned to acquire high-resolution magnetic data to support geological interpretation and mineral exploration targeting of VMS-type Cu-Zn-Au-Ag (copper-zinc-gold-silver) mineralization.

Drilling will be designed to test the down-dip extension and continuity of the oxide gold mineralization and evaluate the potential for underlying supergene and primary massive sulphide mineralization containing both base and precious metals.

Sun Peak projects in Saudi Arabia

The company currently holds 100-per-cent ownership of six exploration licences covering approximately 438 square km located within the highly prospective VMS trends of the Arabian-Nubian Shield in Saudi Arabia. In addition, the company expects to add approximately 800 square km through the finalization of the Saudi Arabian Ministry of Industry and Minerals (MIM) Round 9 Auction, which was held in Q4 2025, and the finalization of applications for Massa SW and Massa SE that have been accepted by the MIM and are awaiting grant. Sun Peak closed a $6.7-million financing in December, 2025, and is fully financed to commence systematic exploration campaigns across its prospective property portfolio.

Qualified person

Arron Albano, PGeo, is the qualified person (QP) overseeing the company's exploration projects in Saudi Arabia and has reviewed and approved this press release.

Sun Peak's quality assurance and quality control (QA/QC) protocols for rock samples disclosed herein follow industry-standard practices. Rock samples are delivered directly to ALS Global Lab or Al-Amri Labs in Jeddah, Kingdom of Saudi Arabia, for analysis for gold by fire assay and multielement analyses, including silver, by inductively coupled plasma (ICP).

About Sun Peak Metals Corp.

Sun Peak holds a portfolio of VMS-style exploration projects within the Arabian-Nubian Shield across Saudi Arabia and Ethiopia.

In Saudi Arabia, the company holds 100-per-cent ownership of six exploration licences covering approximately 438 square km located within the highly prospective VMS trends of the Arabian-Nubian Shield. In addition, the company expects to add approximately 800 square km through the finalization of the Saudi Arabian MIM Round 9 Auction, which was held in Q4 2025, and the finalization of two exploration licence applications that have been accepted by the MIM and are awaiting grant.

In Ethiopia, the company's Shire project comprises six exploration licences totalling approximately 1,450 square km within the Arabian-Nubian Shield, the same geological trend that hosts the Bisha mine and the Asmara projects in Eritrea. Two of the licences (Meli and Terer) are held in joint venture with Ezana Mining, a private Ethiopian company, while the remaining four licences are 100 per cent owned by Sun Peak.

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