Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") is pleased to announce that it has adopted a new restricted share unit plan (the "RSU Plan") that was approved by the shareholders of the Company at its annual general and special meeting held on June 21, 2024. Restricted share units ("RSUs") may be granted to any employee, director or consultant of the Company or its subsidiaries, other than persons conducting investor relations activities, from time to time by the board of directors of the Company, subject to the limitations set forth in the RSU Plan. The maximum number of common shares of the Company reserved for issuance under the RSU Plan is 6,220,056 common shares of the Company, subject to adjustment in accordance with the terms of the RSU Plan. The RSU Plan is subject to the final acceptance of the TSX Venture Exchange.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia. The Company's diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C. and the Buck Project in central B.C.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

On behalf of the board of directors

Brian Lock
Executive Chairman

For further information, contact:
Sharyn Alexander
President
[email protected]

Matthew Benedetto
Simone Capital
[email protected]
Tel. 416-817-1226

Forward Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, obtaining final regulatory approval for the RSU Plan. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, the inability of the Company to obtain the receipt of regulatory approval. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.