Announcement • Jun 09
Sun Peak Metals Corp Commences Maiden Diamond Drill Program At Halahila Gold-Copper VMS Project Sun Peak Metals Corp. announced the commencement of its maiden diamond drill program at the Company's 100%-owned Halahila Gold-Copper Volcanogenic Massive Sulphide Project in the Kingdom of Saudi Arabia. The approximately 2,500-metre drill program follows the successful completion of drilling at the Safra VMS Project and marks the Company’s second drill campaign in Saudi Arabia this year. Initial drilling will target the Halahila Main zone, where recent exploration has identified 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 identified electromagnetic conductors beneath the Halahila Main zone, representing compelling targets for subsurface sulphide mineralization. Drill mobilization follows the successful completion of 1,242 metres of drilling across 10 holes in two target areas at the Safra VMS Project. Core samples have been submitted to SGS Laboratory (Turkey) for assaying and will be reported when available. The Halahila Project is located within the Precambrian Arabian Nubian Shield and hosts a district-scale package of prospective volcanic and sedimentary rocks interpreted to be favourable for precious metal-rich VMS mineralization. The initial drill program is designed to test priority targets beneath the Halahila Main zone, where geological mapping, geochemical sampling, and geophysical surveys have identified coincident indicators of a potentially significant mineralized system. 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 potential sulphide mineralization at depth. Recent exploration has expanded the project’s mineralized footprint, identifying multiple additional 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 potential of the project and provide a pipeline of follow-up targets for future drilling. The planned 2,500-metre program will consist of multiple diamond drill holes designed to test the geometry, continuity, and sulphide potential of the primary target areas. Drill core will be logged, sampled, and submitted to accredited laboratories for analysis, with assay results expected following completion 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 exploration news through the remainder of 2026. Both projects have excellent access and favourable logistics, as do all of Sun Peak’s projects in the KSA. The Halahila Project is one of Sun Peak's 100%-owned exploration assets in Saudi Arabia and forms part of the Company's growing portfolio of VMS and precious metals projects in the Arabian Nubian Shield. Exploration completed to date has identified extensive hydrothermal alteration, numerous gossan occurrences, precious metal enrichment, and geophysical targets consistent with VMS mineralization. New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (89% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$65.7m market cap, or US$48.3m). Announcement • Apr 23
Sun Peak Metals Corp., Annual General Meeting, Jun 22, 2026 Sun Peak Metals Corp., Annual General Meeting, Jun 22, 2026. Location: british columbia, white rock Canada 
