Sun PEAK Metals Identifies New VMS Gossans at Halahila, Returning up to 1.32 G/T GOLD, 11 G/T Silver, and 0.64 % Copper
SUN PEAK METALS IDENTIFIES NEW VMS GOSSANS AT HALAHILA, RETURNING UP TO 1.32 G/T
GOLD, 11 G/T SILVER, AND 0.64 % COPPER
Vancouver, BC – April 30, 2026 – Sun Peak Metals Corp. (TSXV: PEAK | OTCQB: SUNPF) ("Sun Peak" or the
"Company") reports today that ongoing explora�on work has iden�fied two new gold and silver-bearing
gossan zones at its 100% owned Halahila VMS Project in Saudi Arabia, located approximately 3.5 and 5 km
south and along trend from the Halahila Main zone.
Halahila VMS Project Highlights
• Two newly iden�fied VMS gossan zones, each approximately 200m long and 2m to 14 m wide,
located 3.5km and 5km south of Halahila Main, in the newly iden�fied Halahila South Target Area.
• Rock-chip and grab samples returned up to 1.32 g/t gold, 11 g/t silver, 0.64% copper, and 1.05%
zinc.
• At Halahila Main, Time Domain Electromagne�c (“ TDEM”) surveys define strong conductors
coincident with a 650m gossan zone, where previous results returned up to 16.35 g/t gold and
180 g/t silver.
• Ongoing work includes geological mapping, rock sampling, ground TDEM, and detailed ground
gravity surveys.
• Halahila Main is drill ready, with drilling scheduled to begin in late Q2.
Greg Davis, CEO of Sun Peak Metals, commented:
“The identification of multiple mineralized gossan zones and high-grade samples at Halahila underscores
the scale and potential of the Halahila VMS Project. The newly identified gold and silver-rich VMS gossans
at surface, located up to 5 kilometres along trend to the south of the Halahila Main Zone, highlight
significant size potential. At the Halahila Main Zone, EM surveys have identified modellable conductors
beneath the gossan, defining compelling drill targets. We look forward to commencing drill testing shortly
to evaluate the subsurface gold and copper VMS mineralization.”
The new discoveries build on earlier results where 25% of samples (24 of 98) exceeded 1 g/t gold (up to
16.35 g/t gold) and 29% (28 of 98) exceeded 10 g/t silver (up to 180 g/t silver) (see Sun Peak news release
dated January 22, 2026). Halahila South gossans are situated beneath Cambrian-Ordovician post-mineral
Wajid Sandstone cover, sugges�ng poten�al for addi�onal concealed VMS targets along trend (see Map
2).
Sun Peak con�nues ac�ve explora�on across its Saudi Arabia por�olio, including Halahila, Al Miyah, Safra,
and newly acquired Round 9 licenses (see Map 1). The Company’s maiden drill program in Saudi Arabia is
expected to commence shortly, with further updates to follow.
PRESS RELEASE
NR 2026-06
For Immediate Release
April 30, 2026
Vancouver, British Columbia
Map 1. Sun Peak Metals project location map in Saudia Arabia.
Map 2. Halahila project area showing gold-in-rock geochemistry from rock-chip and grab sampling program.
Halahila Project Overview
The 35 km² Halahila Project is located within the prospec�ve Kutam–Al Masane VMS Belt in the southern
Asir Terrane of Saudi Arabia. The district hosts mul�ple VMS and gold deposits, including the Al Masane
copper-zinc mining complex, 45 km to the north, and the historic Kutam copper mine, 40 km to the west
of Halahila.
Qualified Person
Arron Albano, P . Geo., is the Qualified Person overseeing Sun Peak’s explora�on projects in Saudi Arabia
and has reviewed and approved this press release.
Sun Peak’s quality assurance and quality control protocols for rock samples disclosed herein follow
industry standard prac�ces. Rock samples are delivered directly to Al -Amri Labs in Jeddah, Kingdom of
Saudi Arabia (KSA) for analysis for gold by fire ass ay and mul� -element analyses, including silver, by
induc�vely coupled plasma (ICP).
ABOUT SUN PEAK METALS CORP.
Sun Peak Metals Corp. is focused on district-scale VMS base metal and gold p rojects 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 six exploration licenses covering approximately 1,450
km² within the Arabian -Nubian Shield, a highly prospective belt that hosts major deposits such a s the
Bisha Mine and the Asmara Projects in Eritrea. Two licenses (Meli and Terer) are held in joint-venture with
Ezana Mining, a private Ethiopian Company, with the remaining four licenses owned 100% by Sun Peak.
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]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
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, statem ents
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 t he
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 anticipated 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.
These forward-looking statements are made as of the date of this news release and, except as required by applicable securities
laws, Sun Peak assumes no obligation to update these forward -looking statements, or to update the reasons why actual results
differed from those projected in the forward -looking statements. Additional information about these and other assumptions,
risks and uncertainties are set out in the "Risks Factors" section in the Company’s Prospectus dated August 10, 2020 and the
“Risks Associated with the SDC Acquisition” section in the Company’s Information Circular dated November 3, 2025, both filed
on SEDAR+.