Vancouver, British Columbia--(Newsfile Corp. - April 2, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") announces that it is repricing and restructuring the terms of the non-brokered private placement of the Company (the "Private Placement") previously announced in the Company's press release on March 11, 2024. New terms will consist of the issuance of: (i) up to 11,363,636 flow-through units of the Company (each, a "FT Unit") at a price of $0.11 per FT Unit, and (ii) up to 12,500,000 non-flow-through units of the Company (each, a "NFT Unit") at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of up to $2,500,000. Each FT Unit will consist of one common share of the Company issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant of the Company (each whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.13 per share for a period of 24 months from the date of issuance of the FT Warrant. Each NFT Unit will consist of one non-flow-through common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "NFT Warrant"). Each NFT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.13 per share for a period of 24 months from the date of issuance of the NFT Warrant.

Vancouver, British Columbia--(Newsfile Corp. - March 11, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") consisting in the issuance of: (i) up to 6,666,666 flow-through units of the Company (each, a "FT Unit") at a price of $0.15 per FT Unit, and (ii) up to 16,666,666 non-flow-through units of the Company (each, a "NFT Unit") at a price of $0.12 per NFT Unit, for aggregate gross proceeds to the Company of up to $3,000,000. Each FT Unit will consist of one common share of the Company issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant of the Company (each whole warrant, a "FT Warrant"). Each FT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.18 per share for a period for 12 months from the date of issuance of the FT Warrant. Each NFT Unit will consist of one non-flow-through common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "NFT Warrant"). Each NFT Warrant will entitle the holder to acquire one non-flow-through common share of the Company at an exercise price of $0.15 per share for a period for 12 months from the date of issuance of the NFT Warrant.