Sun Summit Announces Management Changes
Sun Summit Announces Management Changes
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2025) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) is pleased to announce the appointment of Mr. Niel Marotta as the Company's
new Chief Executive Officer ("CEO") and Director, effective immediately. The Company also announces
that Ms. Sharyn Alexander will step down as President and transition into a new role as Project Advisor,
where she will continue to contribute her expertise to project planning and strategic decision-making.
Ms. Alexander joined Sun Summit in 2019 as VP of Technical Services and was appointed President in
2021. During her tenure, she played a pivotal role in advancing the Company's projects in British
Columbia's highly prospective mining regions, building strong relationships within the industry, and
strengthening the Company's technical capabilities. Her leadership has been instrumental in positioning
Sun Summit for future growth, and the Board of Directors extends its heartfelt appreciation for her
dedication and achievements.
The appointment of Mr. Marotta marks an exciting new chapter for Sun Summit. Mr. Marotta brings an
exceptional track record of leadership, investment expertise, and entrepreneurial success. He was a top-
performing fund manager at Fidelity Management and Research Company (FMR Co.) in Boston, where
he managed a portfolio of over $1 billion across several industries, including the Fidelity Select Gold
Portfolio, a precious metals equity focussed fund. Mr. Marotta also served as Vice President of Orezone
Resources, and was instrumental in its $350 million acquisition by Iamgold in 2009. Subsequently, he
worked as an investment banker and entrepreneur, has been involved in financings and M&A
transactions exceeding $1 billion, and was a co-founder and served as CEO of Indiva. Mr. Marotta is a
graduate of McGill University with a Bachelor of Commerce with Distinction. Included in Mr. Marotta's
volunteer activity has been work with the Telfer School Capital Markets Mentorship Program.
"I am very excited to work with the deeply experienced board, advisory team, and strong technical team
at Sun Summit Minerals. The Toodoggone district in mining-friendly northern British Columbia is quickly
becoming one of the most prolific exploration areas in Canada. Sun Summit's JD and Theory properties
are strategically located and have the identical geological prowess of neighboring properties where
recent discoveries are prominent. This provides an immediate opportunity to enhance shareholder
value," said Niel Marotta. "The outlook for precious metals prices remains very positive, and the
divergence between rising gold prices and the valuations of precious metals equities has never been
greater, further reinforcing the opportunity to create value for Sun Summit shareholders."
"On behalf of the Board of Directors of Sun Summit Minerals, I would like to welcome Niel in his
appointment as CEO and Director," said Brian Lock, Executive Chairman of Sun Summit. "We believe
the timing of the appointment is at a perfect junction given the excitement surrounding the recent
discoveries in the Toodoggone area of B.C. coupled with the high-grade gold discovery at our JD
property late 2024. We expect an aggressive exploration program this year spearheaded by our
excellent geological team."
Sun Summit remains committed to delivering value to its shareholders by advancing its portfolio of high-
potential exploration projects in British Columbia. The Board is confident that with Mr. Marotta's
leadership, supported by the strong technical and advisory teams, the Company is well-positioned to
capitalize on growth opportunities and continue its trajectory of success.
About the JD Project
The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly
prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in
close proximity to active exploration and development projects, such as Thesis Gold's Lawyers and
Ranch projects, TDG Gold's Baker-Shasta projects, HDI Amarc's Aurora discovery, Centerra's Gold's
Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold
mine.
The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the
Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess
mine, including roads and a hydroelectric power line.
The JD Project is in a favourable geological environment characterized by both high-grade epithermal
gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some
historical exploration, including drilling, geochemistry and geophysics, has been carried out on the
property, however the project area is largely underexplored.
About the Buck Project
The 100% owned Buck Project is situated in a historic mining district near Houston, B.C., with excellent
nearby infrastructure that allows for year-round, road-accessible exploration. The project is 60 kilometres
southeast of Smithers and is located west of the past producing Equity Silver Mine (Newmont) and north
of the Huckleberry copper mine (Imperial Metals).
The project is host to the Buck Main intermediate-sulfidation, epithermal-related, gold-silver-zinc system
characterized by continuous zones of disseminated and breccia-hosted, bulk tonnage-style
mineralization. Vein-hosted, high-grade mineralization has also been intersected near the center of Buck
Main.
Exploration at the Buck Project is focused on investigating the lateral and vertical extent of gold-silver-
zinc mineralization at the Buck Main system, and also defining additional drill targets across the entire
land package through systematic exploration programs.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on
expansion and discovery of district scale gold and copper assets in British Columbia. The Company's
diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C., and the Buck
Project in central B.C.
Further details are available at
www.sunsummitminerals.com
.
On behalf of the board of directors
Brian Lock
Executive Chairman
For further information, contact:
Matthew Benedetto
Simone Capital
Tel. 416-817-1226
Forward Looking Information
Statements contained in this news release that are not historical facts may be forward-looking
statements, which involve risks, uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In addition, the forward-
looking statements require management to make assumptions and are subject to inherent risks and
uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate,
that the management's assumptions may not be correct and that actual results may differ materially from
such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-
looking statements. Generally forward-looking statements can be identified by the use of terminology
such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential"
and similar expressions. Forward-looking statements contained in this press release may include, but
are not limited to, potential mineralization, exploration plans, and engagement with First Nations
communities. These forward-looking statements are based on a number of assumptions which may
prove to be incorrect which, without limiting the generality of the following, include: risks inherent in
exploration activities; the impact of exploration competition; unexpected geological or hydrological
conditions; changes in government regulations and policies, including trade laws and policies; failure to
obtain necessary permits and approvals from government authorities; volatility and sensitivity to market
prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or
public equity financings; environmental and safety risks including increased regulatory burdens; weather
and other natural phenomena; and other exploration, development, operating, financial market and
regulatory risks. The forward-looking statements contained in this press release are made as of the date
hereof or the dates specifically referenced in this press release, where applicable. Except as required by
applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. All forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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