Mr. Niel Marotta reports

SUN SUMMIT ANNOUNCES CLOSING OF $4 MILLION NON-BROKERED PRIVATE PLACEMENT

Sun Summit Minerals Corp. has closed its non-brokered private placement, previously announced in the company's news release on Aug. 6, 2026, through the issuance of: (i) 20,689,656 charity flow-through (FT) common shares in the capital of the company at a price of 14.5 cents per charity FT share; and (ii) 10 million non-flow-through (NFT) 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 $4-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 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 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, and as British Columbia flow-through mining expenditures as set forth in Subsection 4.721(1) of the Income Tax Act (British Columbia).

In connection with the private placement, the company paid aggregate finders' fees of $110,850 ($50,700 of which through the issuance of 507,000 NFT shares at a price of 10 cents per NFT share) and granted an aggregate of 1,108,500 non-transferable finder warrants of the company to arm's-length finders of the company, comprising: (i) 925,500 finders' warrants in respect of the charity FT shares, each exercisable to purchase one common share in the capital of the company at a price of 14.5 cents per common share; and (ii) 183,000 finders' warrants in respect of the NFT shares, each exercisable to purchase one common share at a price of 10 cents per common share. Each finder's warrant is exercisable until Aug. 26, 2028.

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 Dec. 27, 2026, in accordance with applicable securities laws.

Option issuance

The company also announces that it has, subject to approval of the TSX-V, granted an aggregate of 11.25 million stock options of the company to certain directors, officers and consultants 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 at an exercise price of 15 cents per common share for a period of five years from the date of issuance.

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.

We seek Safe Harbor.