Sun Peak Intersects 16.5 meters of 2.23 % Zinc, 25 g/t Silver, 0.43 g/t Gold and 0.42 % Copper at Halahila Vms Project, Saudi Arabia

Sun Peak Metals Corp. (PEAK) released results from its maiden diamond drilling program at the 100%-owned Halahila Project in Saudi Arabia. The 13-hole, 2,522-metre campaign tested the Halahila Main VMS target located below a 650-metre gossan.

Nine of the 13 holes intersected disseminated to massive sulphide mineralization, while four holes returned no significant intercepts. The key reported intercepts, all stated as drilled core lengths, are:

• HAL26DD013: 16.5m at 2.23% Zn, 25.0 g/t Ag, 0.43 g/t Au, 0.42% Cu from 64.5m, including 12.0m at 2.75% Zn, 32.92 g/t Ag, 0.55 g/t Au, 0.56% Cu from 69.0m
• HAL26DD012: 14.7m at 2.64% Zn, 15.07 g/t Ag, 0.52 g/t Au, 0.24% Cu from 57.0m, including 6.0m at 4.89% Zn, 24.42 g/t Ag, 0.62 g/t Au, 0.36% Cu from 62.0m
• HAL26DD001: 14.05m at 1.45% Zn, 10.59 g/t Ag, 0.29 g/t Au, 0.19% Cu from 125.8m, including 3.92m at 4.88% Zn, 37.01 g/t Ag, 1.01 g/t Au, 0.65% Cu from 126.38m
• HAL26DD006: 7.95m at 0.90% Zn, 20.17 g/t Ag, 0.38 g/t Au, 0.21% Cu from 132.4m
• HAL26DD009: 13.5m at 0.91% Zn, 5.35 g/t Ag, 0.08 g/t Au, 0.10% Cu from 22.35m
• HAL26DD002: 9.5m at 0.81% Zn, 6.84 g/t Ag, 0.15 g/t Au, 0.09% Cu from 158.25m
• HAL26DD003: 20.6m at 0.05% Zn, 1.37 g/t Ag, 0.16 g/t Au, 0.25% Cu from 86.0m

The company described Halahila as a second VMS confirmation following the previous day’s Safra results. No cut-off grade, true width, metallurgical recovery, or metal-equivalent formula was provided.

Sun Peak Metals Corp. (PEAK) has confirmed a second volcanogenic massive sulfide (VMS) system within its Saudi portfolio, a development that supports the company’s district-scale exploration narrative. The results, however, represent a pre-resource, pre-economic stage from a micro-cap explorer with no reserves, resources, or revenue. The grade-tenor of the new discovery falls below the benchmark for high-quality VMS deposits, and the release does not alter the current resource or economic outlook. There is currently no tonnage estimate, metallurgical data, or geological continuity sufficient to project a resource.

The immediate market anchor for Sun Peak remains the strong results reported from the Safra target on September 8. Shares of Sun Peak closed at C$0.42 on that date, up from C$0.40 on September 4, following the pre-market release of the Safra data.

The new discovery, identified as Halahila, is materially weaker than Safra in terms of grade and lacks the same copper concentration. While the stock does not need to double in price for Halahila to be considered a success, the lower grades distinguish it from the higher-grade VMS discoveries that might have driven a larger market reaction. At the current valuation, the Halahila finding is best interpreted as incremental de-risking, confirming a second drill-verified mineralized system with broad sulphides, rather than a market-moving grade result.

Sun Peak Metals Corp. (PEAK) is a junior exploration company listed on the TSXV and OTCQB. The firm holds 13 exploration licences totalling approximately 1,072 km² in Saudi Arabia, alongside the Shire Project in Ethiopia, which covers about 1,450 km².

The Saudi portfolio targets VMS and orogenic gold deposits within the Arabian-Nubian Shield. Key assets include the 33 km² Halahila VMS trend, where maiden drilling results have been reported. The 93 km² Safra project also reported maiden drilling on Sep 8, yielding strong copper-zinc intercepts. At Al Miyah, a 235 km² property, airborne and ground geophysics have been completed with drilling planned for later. Other prospects include the Jabal Al Asad/Washaq VMS-style gossan, which extends about 1.5 km along strike, and the Zayiyr orogenic gold target, which features historical intercepts.

The company currently holds no reserves or resources. Latest financial data for Q1-2026 shows a net loss of C$2.79M, ending cash of C$4.55M, and working capital of C$4.44M, accompanied by a going-concern disclosure.