Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") is pleased to announce that it has closed its fully-subscribed non-brokered private placement (the "Private Placement") previously announced in the Company's press release on April 2, 2024 through the issuance of 25,000,000 non-flow-through units of the Company (each, a "Unit") at a price of $0.10 per Unit for gross proceeds to the Company of $2,500,000. The Company restructured the Private Placement to remove the flow-through unit portion of the Private Placement, and reallocate the amount to issue a total of 25,000,000 Units. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.13 per share until April 25, 2026.