Sun PEAK Metals C O R P. Commences 2026 Exploration Program in the Kingdom of Saudi Arabia
SUN PEAK METALS C O R P. COMMENCES 2026 EXPLORATION PROGRAM IN THE KINGDOM OF SAUDI
ARABIA
Vancouver, BC – January 13, 2026 – Sun Peak Metals Corp. (TSXV: PEAK | OTCQB: SUNPF) ("Sun Peak" or
the "Company") is pleased to provide an update on its 100%-owned copper and gold explora�on projects
in the Kingdom of Saudi Arabia (“KSA”) and to report that field -based explora�on ac�vi�es have
commenced across mul�ple priority projects. The Company also announces new appointments to the Sun
Peak Board of Directors.
As announced on December 18th, 2025, Sun Peak completed the acquisi�on of Saudi Discovery Company
("SDC"), a private explora�on company ac�ve in Saudi Arabia since 2023, which assembled a substan�al
por�olio of volcanogenic massive sulphide (" VMS") base metal and gold projects. Since closing the
transac�on, and the associated CAD$6.7M financing on November 28,2025, Sun Peak’s technical team has
compiled, validated, and interpreted historical data generated by SDC and prior operators, enabling the
rapid advancement of explora�on ac�vi�es.
“Sun Peak is applying its technical and operational expertise in the Arabian- Nubian Shield to highly
prospective VMS and gold systems in Saudi Arabia, with the goal of making new discoveries that support
the Kingdom of Saudi Arabia’ s Vision 2030 strategy,” said Greg Davis, President and CEO of Sun Peak
Metals. “Early data compilation is highly encouraging, with strong copper-gold VMS signatures identified
across multiple projects. These results are comparable to indicators observed prior to the discovery of
major VMS deposits such as Bisha and Emba Derho. We are confident that applying the same systematic
approach to our high quality Saudi portfolio will lead to similar success.”
Data compila�on has iden�fied strong gold, silver, and copper values from historical and recent geological
sampling, supported by coincident geophysical anomalies. These results have underpinned the launch of
systema�c 2026 explora�on programs across the Company’s priority project areas.
2026 Explora�on Program Overview
Field explora�on programs on the Safra, Al Miyah, and Halahila Projects are underway. Current work,
designed to advance the most prospec�ve VMS trends and determine drill targets for the Company’s ini�al
drill program, includes:
• Detailed geological mapping and geochemical sampling;
• Ground �me-domain electromagne�c ("TDEM") surveys;
• Drone-borne magne�cs, induced polariza�on ("IP"), and airborne electromagne�c, magne�c, and
radiometric surveys, planned to commence in Q1 2026.
PRESS RELEASE
NR 2026-02
For Immediate Release
January 13, 2026
Vancouver, British Columbia
Results from these programs will be integrated to priori�ze ini�al drill targets, with drilling an�cipated to
commence later in 2026.
Summary of Previous SDC Field Work Highlights
Safra Project
• A total of 85 surface grab samples returned high-grade precious and base metal values, including
assays up to 3.34 g/t Au, 6.72% Cu, 864 g/t Ag, 19.05% Zn, and 9.89% Pb.
• Trenching returned 22.5 m grading 0.9 g/t Au, 35.6 g/t Ag, 0.20% Cu, 1.83% Pb, and 1.21% Zn ,
including 1.5 m grading 8.23 g/t Au, 118 g/t Ag, 0.32% Cu, 11.7% Pb, and 1.62% Zn.
• Detailed gravity surveys outlined strong gravity anomalies coincident with VMS -style
mineraliza�on and altera�on at Safra Main and Safra East.
• Approximately 600 ground TDEM sta�ons were completed, with results currently under
interpreta�on.
Al Miyah Project
• 50 surface grab samples collected from three target areas returned strong precious and base
metal results.
• Samples from Al Miyah Main returned assays up to 4.53 g/t Au, 3.72% Cu, and 42.2 g/t Ag.
• At the Hishashat target, select samples returned values up to 2.33 g/t Au, 3.79% Cu, 23.1 g/t Ag,
and 8.21% Zn.
• Coincident gravity highs were iden�fied adjacent to VMS gossans and ancient workings at
Hishashat.
• Ground TDEM surveys are currently underway at Hishashat.
Halahila Project
• 83 surface grab samples collected from two target areas returned encouraging results, including
values up to 17.0 g/t Au, 1.02% Cu, 80.3 g/t Ag, 2.19% Zn, and 2.5% Pb.
• Gravity surveys outlined a pronounced north –south-trending gravity gradient associated with a
>10 km VMS trend.
Sun Peak Board of Directors Appointments
Sun Peak is pleased to announce the appointment of Hisham Atar and Joshua Lai to its Board of Directors,
effec�ve upon comple�on of the Company’s previously announced transac�on with Saudi Discovery
Company (“SDC”) on December 18th, 2025.
Mr. Atar brings more than 15 years of experience in finance and investment banking, including as a Senior
Director at Saudi Arabia’s Public Investment Fund. He has also served in senior execu�ve leadership roles,
including as an Execu�ve Commitee member at SAMI and a board member of TAQA.
Mr. Lai is currently Head of Legal at Beacon Events Group, a global mining and resource events company.
Based in Riyadh, he has extensive experience advising mining companies on securing explora�on licenses
and execu�ng on projects across the Arabian-Nubian Shield.
These appointments strengthen Sun Peak’s board with addi�onal capital market s, investment, legal,
regulatory, and regional exper�se as the Company advances its explora�on strategy in the Kingdom of
Saudi Arabia. The Company previously announced the appointment of Jim Paterson to the Board in
connec�on with the SDC transac�on.
David Awram, Hayley Thomasen, Doris Meyer, and Greg Davis (CEO) will remain on the Board of Directors.
In connec�on with these appointments, Steve DeJong has stepped down from the Board. The Company
sincerely thanks Mr. DeJong for his contribu�ons, guidance, and service , and we wish him con�nued
success in his future endeavours.
Saudi Arabian Projects Overview
Sun Peak’s 100% -owned projects in Saud i Arabia are comprised of six (6) explora�on licenses totaling
approximately 438 km² within the highly prospec�ve volcanic massive sulfide (VMS) trend of the Arabian-
Nubian Shield in Saudi Arabia.
The Company is also awai�ng the finaliza�on of the Saudi Arabian Ministry of Industry and Minerals
(“MIM”) Round 9 Auc�on, which is expected to add approximately 700 km² along established VMS trends,
as well as two (2) addi�onal applica�ons currently under review.
Safra Project (93 km²)
The Safra Project is located within the Nuqrah VMS Belt at the western margin of the Afif Terrane, a region
hos�ng numerous ancient workings and ac�ve gold mines. Two documented VMS occurrences, Safra Main
and Safra East, are situated approximately 1.5 km apart (Figure 1). Modern explora�on completed by SDC,
including gravity surveys, trenching, and surface sampling, has outlined mul�ple sub -parallel VMS zones
with strong geophysical and geochemical signatures (Figure 2).
Figure 1. Safra exploration license location map
Figure 2. Target areas at Safra with contoured gravity and geochemistry results for copper
Al Miyah Project (234 km²)
The Al Miyah Project lies within the Muhadad VMS Belt of the Asir Terrane, a prolific VMS and gold district
that hosts the Al Hajar and Al Masane mines. SDC completed detailed gravity surveys and surface sampling
that confirmed strong mineraliza�on associated with VMS gossans and historical workings at both the
Hishashat and Al Miyah Main prospects (Figure 3, Figure 4 & Figure 5).
Figure 3. Al Miyah exploration license location map
Figure 4. Hishashat target with contoured gravity and geochemistry results for copper
Figure 5. Al Miyah target with contoured gravity and geochemistry results for copper
Halahila Project (35 km²)
The Halahila Project is located in the Kutam –Al Masane VMS Belt of the southern Asir Terrane,
approximately 45 km south of the Al Masane VMS mine. Historical drilling and recent gravity surveys
confirm a well- developed VMS system with extensive gossan deve lopment over an approximate 1 0 km
strike length.