Sun Summit Minerals Corp - SMREF STOCK NEWS

Sun Summit Minerals (SMREF) has identified a significant 12-kilometer trend of porphyry-related copper-gold targets at its JD project in British Columbia's Toodoggone District. The trend includes three main targets: McClair, Belle, and Fericrete, which demonstrate strong potential for porphyry-related mineralization.

The McClair target, discovered in 2013, showed promising results with historical drilling, including an intersection of 0.46% copper over 1.4 metres. The Belle target features a 1.5 by 1 km strong magnetic high anomaly, while the Fericrete target revealed hydrothermal alteration in 2024 drilling.

The company plans to commence a significant exploration program in early summer 2025, focusing on drill testing high-priority targets and conducting additional geochemical and geophysical surveys. The project's location and geological setting are similar to the recently discovered AuRORA porphyry system, located 14 km south.

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has announced a new equity compensation package for its CEO and Director. The package includes 500,000 stock options exercisable at $0.16 per share until January 31, 2028, with vesting occurring quarterly over three years. Additionally, 200,000 restricted share units (RSUs) were granted with a 24-month vesting schedule, where 50% vest after 12 months. Both grants were made under the company's respective stock option and RSU plans.

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has announced significant management changes. Niel Marotta has been appointed as the new CEO and Director, while Sharyn Alexander will transition from President to Project Advisor. Marotta brings extensive experience as a former fund manager at Fidelity Management and Research Company, where he managed over $1 billion in portfolios, including the Fidelity Select Gold Portfolio.

Alexander, who joined in 2019 as VP of Technical Services and became President in 2021, will continue contributing to project planning and strategic decisions. Marotta's appointment comes at a strategic time following the company's high-grade gold discovery at the JD property in late 2024. The company plans an aggressive exploration program in the Toodoggone district of northern British Columbia, where their JD and Theory properties are located.

Sun Summit Minerals (SMREF) has entered into a non-binding Letter of Intent with Eagle Plains Resources to acquire up to 100% interest in the Theory copper-gold project in the Toodoggone Mining District, British Columbia. The acquisition would increase Sun Summit's footprint by ~10,000 hectares to a combined district-scale project of ~25,000 hectares.

The deal structure includes an option to acquire 75% interest over four years requiring:

• CDN $3,000,000 in exploration expenditures
• CDN $250,000 in cash payments
• 750,000 shares issuance

The Theory Project borders Thesis Gold's Ranch Project and is within 10 km of Sun Summit's JD Project. Historical exploration has revealed promising results, including samples with up to 8.2 g/t Au, 195 g/t Ag, and 6.2% Cu at various occurrences. A recent 2024 airborne survey has highlighted a 13 by 13 kilometre area of prospective geology.

Sun Summit Minerals (SMREF) has provided a corporate update for 2024, highlighting key achievements and future plans. The company successfully executed an option agreement to acquire 100% of the JD Project in north-central B.C., completing over 2,500 metres of diamond drilling across 12 holes. Significant results from the Creek Zone included intersections of 122.5 metres of 2.1 g/t Au and 57.95 metres of 2.7 g/t Au.

The company completed its earn-in agreement for 100% ownership of the Buck Project and plans aggressive exploration for 2025, focusing on the Creek and Finn Zones. The exploration program will include confirmation, infill, and step-out drilling to investigate high-grade and bulk-tonnage gold mineralization potential.

Sun Summit Minerals has outlined its 2025 exploration program at the JD Project in British Columbia. The program focuses on the Finn Zone and Creek Zone, targeting high-grade and bulk-tonnage gold potential through targeted and infill drilling. Historical intercepts at Finn Zone include up to 35.7 m of 7.26 g/t Au, while Creek Zone showed results up to 122.53 m of 2.11 g/t Au. The company plans to evaluate newly identified porphyry and epithermal targets, including Creek North, Belle North, and Fericrete. Additional geophysical and geochemical surveys will be conducted across underexplored areas with porphyry copper potential.

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announces a live virtual presentation scheduled for November 18, 2024, at 1:15 pm PST / 4:15 pm EST. President Sharyn Alexander will present an overview of the JD Project located in the Toodoggone gold-copper district of northern-central British Columbia. The webinar will cover the interpretation of the 2024 exploration program and outline plans for the 2025 field season. The event includes a Q&A session and is open to all existing and potential shareholders.

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has reported final results from its 2024 exploration program at the JD Project in B.C.'s Toodoggone District. Key findings include mineralization in all 12 drill holes, with the Creek Zone remaining open for expansion. Notable results include a grab sample returning 222 g/t Au and hole JD-24-011 intersecting 2.4 metres of 114.39 g/t Ag with 0.40 g/t Au. The company identified new porphyry and epithermal targets, and discovered a porphyry system north of the Creek Zone. Multiple soil geochemical anomalies were defined at Creek and Belle zones. Sun Summit is planning an aggressive exploration program for 2025, including infill and step-out drilling at Creek and Finn zones.

Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announced drill results from its fifth hole at the JD Project in the Toodoggone District, B.C. Hole CZ-24-005 intersected:

- 64.16 metres of 0.69 g/t gold from 46.84 metres
- 57.95 metres of 2.69 g/t gold from 145.05 metres, including:
• 19.50 metres of 7.31 g/t gold
• 362 g/t gold over 0.25 metres
• 53.60 g/t gold over 0.58 metres
• 21.60 g/t gold over 0.50 metres

The results demonstrate open high-grade gold mineralization and near-surface disseminated mineralization. The hole represents a 100-metre step-out to the east from previous drilling, showing the Creek Zone remains open in most directions.