Sun PEAK Metals Commences Maiden Drill Program at High-Priority Halahila GOLD- Copper VMS Project
SUN PEAK METALS COMMENCES MAIDEN DRILL PROGRAM AT HIGH-PRIORITY HALAHILA GOLD-
COPPER VMS PROJECT
Vancouver, BC – June 8, 2026 – Sun Peak Metals Corp. (TSXV: PEAK | OTCQB: SUNPF) ("Sun Peak" or the
"Company") today announced the commencement of its maiden diamond drill program at the Company's
100%-owned Halahila Gold -Copper Volcanogenic Massive Sulphide (" VMS") Project in the Kingdom of
Saudi Arabia ("KSA"). The approximately 2,500-metre drill program follows the successful comple�on of
drilling at the Safra VMS Project and marks the Company’s second drill campaign in Saudi Arabia this year.
Highlights
• Maiden diamond drill program underway at the Halahila Project, with approximately 2,500 metres
planned.
• Ini�al drilling will target the Halahila Main zone, where recent explora�on has iden�fied a 650 -
metre-long mineralized gossan up to 30 metres wide. The program may be expanded based on
results.
• Surface sampling at Halahila Main returned assays of up to 16.35 g/t gold and 180 g/t silver.
• Geophysical surveys have iden�fied electromagne�c ("EM ") conductors beneath the Halahila
Main zone, represen�ng compelling targets for subsurface sulphide mineraliza�on.
• Drill mobiliza�on follows the successful comple�on of 1,242 metres of drilling across 10 holes in
two target areas at the Safra VMS Project. Core samples have been submited to SGS Laboratory
(Turkey) for assaying and will be reported when available.
"Halahila has rapidly emerged as one of the most compelling exploration targets in our Saudi Arabian
portfolio," said Arron Albano, Explora�on Manager of Sun Peak . " The project exhibits many of the
hallmarks of a significant VMS system, including extensive hydrothermal alteration, a 650-metre-long gold
and silver -bearing gossan, strong surface geochemistry, and conductive targets at depth that may
represent sulphide mineralization. Recent exploration has also identified additional mineralized gossans
along a five-kilometre trend south of Halahila Main, highlighting the district-scale potential of the system
with a total length of ten kilometres . This maiden drill program represents the first opportunity to test
targets at depth and evaluate the potential for a significant new VMS discovery."
"We are pleased to have drilling underway at Halahila immediately following the successful completion of
our maiden drill program at Safra," said Greg Davis, President and CEO of Sun Peak. "Advancing multiple
projects from exploration to drilling reflects the strength of our team in the Kingdom and the advantages
of operating in Saudi Arabia, where a supportive regulatory environment, excellent infrastructure, and
PRESS RELEASE
NR 2026-09
For Immediate Release
June 8, 2026
Vancouver, British Columbia
strong government commitment to mining continue to accelerate project development. With drilling now
underway at Halahila and core samples from Safra currently being assayed, we look forward to a steady
stream of catalysts as we advance our growing Saudi Arabian portfolio."
Halahila Drill Program
The Halahila Project is located within the Precambrian Arabian Nubian Shield (Map 1) and hosts a district-
scale package of prospec�ve volcanic and sedimentary rocks interpreted to be favourable for precious
metal-rich VMS mineraliza�on.
The ini�al drill program is designed to test priority targets beneath the Halahila Main zone (Map 2A & 2B),
where geological mapping, geochemical sampling, and geophysical surveys have iden�fied coincident
indicators of a poten�ally significant mineralized system (Long Sec�on 3 and Cross Sec�on 4). Drilling will
focus on areas where TDEM surveys have defined conductors, over a strike length of 4.1km, and beneath
the 650-metre-long gossan, interpreted as poten�al sulphide mineraliza�on at depth.
Recent explora�on has expanded the project’s mineralized footprint, iden�fying mul�ple addi�onal gold-
and silver-rich gossans along a corridor extending approximately five kilometres south of Halahila Main.
These gossan zones are untested and underscore the district-scale poten�al of the project and provide a
pipeline of follow-up targets for future drilling.
The planned 2,500 -metre program will consist of mul�ple diamond drill holes designed to test the
geometry, con�nuity, and sulphide poten�al of the primary target areas. Drill core will be logged, sampled,
and submited to accredited laboratories for analysis, with assay results expected following comple�on of
the program.
Results from both the recently completed Safra drill program and the ongoing Halahila campaign are
expected to generate a consistent flow of explora�on news through the remainder of 2026. Both projects
have excellent access and favourable logis�cs, as do all of Sun Peak’s projects in the KSA.
Map 1. Sun Peak Projects Location Map.
Map 2A. Halahila License Overview Map.
Map 2B. Halahila License Overview Map.
Long Section 3. Long section through Halahila Main (A-A’) showing planned drilling and modelled TDEM conductor plates.
Cross Section 4. Cross section showing planned drill pad (B-B’), surface gossan and modelled TDEM conductor plates.
About the Halahila Project
The Halahila Project is one of Sun Peak's 100% -owned explora�on assets in Saudi Arabia and forms part
of the Company's growing por�olio of VMS and precious metals projects in the Arabian Nubian Shield.
Explora�on completed to date has iden�fied extensi ve hydrothermal altera�on, numerous gossan
occurrences, precious metal enrichment, and geophysical targets consistent with VMS mineraliza�on.
Qualified Person
Arron Albano, P. Geo., is the Qualified Person overseeing Sun Peak’s exploration projects in Saudi Arabia
and has reviewed and approved this press release.
ABOUT SUN PEAK METALS CORP.
Sun Peak Metals Corp. is focused on district -scale VMS base metal and gold projects in the Kingdom of
Saudi Arabia and Ethiopia.
In Saudi Arabia, the Company holds 13 exploration licenses totalling 1,072 km² along established VMS and
gold trends, with an additional ~200 km² under application.
In Ethiopia, the Company’s Shire Project comprises 6 exploration licenses covering approximately
1,450 km² within the Arabian-Nubian Shield, a highly prospective belt that hosts major deposits such as
the Bisha Mine and the Asmara Projects in Eritrea.
ON BEHALF OF THE BOARD OF DIRECTORS OF SUN PEAK METALS CORP.
Greg Davis,
President, CEO & Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Greg Davis
(T): +1 (604) 999 1099
(E): [email protected]
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain information and statements in this news release may be considered forward -looking information or forward -looking
statements for purposes of applicable securities laws (collectively, “forward-looking statements”), which reflect the expectations
of m anagement regarding its disclosure and amendments thereto. Forward -looking statements consist of information or
statements that are not purely historical, including any information or statements regarding beliefs, plans, expectations or
intentions regarding the future. Such information or statements in this news release include, but are not limited to, statements
with respect to the anticipated benefits of the potential for exploration potential in Saudia Arabia; the untapped mineral wealth
of Saudi Arabia ; Sun Peak being successful in acquiring additional licenses; the goal of making a significant discovery and the
development of a large-scale project in Saudi Arabia or Ethiopia and identifying other potential properties and opportunities both
in Ethiopia, Saudi Arabia and globally. Such statements are subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those contained in the statements. No assurance can be given that any
of the events ant icipated by the forward- looking statements will occur or, if they do occur, what benefits Sun Peak will obtain
from them. These forward -looking statements reflect management's current views and are based on certain expectations,
estimates and assumptions, which may prove to be incorrect. A number of risks and uncertainties could cause actual results to
differ materially from those expressed or implied by the forward -looking statements, including without limitation: These
assumptions and risks include, but are not limited to, assumptions and risks associated with the state of the political stability of
Ethiopia and the Middle Eastern region, equity financing markets and results of future exploration activities by Sun Peak.