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

Halahila becomes Sun Peak’s second drill-confirmed VMS system in Saudi Arabia, adding zinc-silver strength to its polymetallic portfolio.

Rhea-AI Summary

Sun Peak Metals (SUNPF) reported maiden diamond drill assay results from its 100%-owned Halahila VMS Project in Saudi Arabia, where 9 of 13 holes intersected disseminated to massive sulphide mineralization beneath a 650-metre-long surface gossan.

Highlights include Hole HAL26DD013 with 16.5 m averaging 2.23% Zn, 25.0 g/t Ag, 0.43 g/t Au and 0.42% Cu, including 12.0 m at 2.75% Zn, 32.92 g/t Ag, 0.55 g/t Au and 0.56% Cu, and Hole HAL26DD012 with 14.7 m averaging 2.64% Zn, 15.07 g/t Ag, 0.52 g/t Au and 0.24% Cu, including 6.0 m at 4.89% Zn, 24.42 g/t Ag, 0.62 g/t Au and 0.36% Cu.

Drilling tested the system from roughly 35 to 200 m down dip; Halahila Main remains open along strike and at depth within a VMS-related trend extending over 10 km. With these results, Sun Peak has now reported maiden drilling assays from two Saudi VMS projects, Halahila and Safra, within its 1,072 km² exploration portfolio.

Positive

• HAL26DD013: 16.5 m @ 2.23% Zn, 25 g/t Ag, 0.43 g/t Au, 0.42% Cu, including 12.0 m @ 2.75% Zn and 32.92 g/t Ag
• HAL26DD012: 14.7 m @ 2.64% Zn, 15.07 g/t Ag, 0.52 g/t Au, 0.24% Cu, including 6.0 m @ 4.89% Zn
• Nine of 13 drill holes at Halahila intersected disseminated to massive sulphide mineralization
• Halahila Main VMS system remains open along strike and at depth within a > 10 km mineralized trend
• Sun Peak now has maiden drill-confirmed VMS mineralization at both Halahila and Safra in Saudi Arabia
• Saudi exploration portfolio totals 13 licences over 1,072 km², plus two additional licence applications (~200 km²)

Negative

• Four of 13 drill holes (HAL26DD004, 008, 010, 011) returned no significant intercepts in the maiden Halahila program

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VANCOUVER, BC / ACCESS Newswire / September 9, 2026 / Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) ("Sun Peak" or the "Company") today reported assay results from its maiden diamond drill program at the Company's 100%-owned Halahila Project in the Kingdom of Saudi Arabia ("KSA" or "Saudi Arabia"). The 13-hole program totaled 2,522 metres and tested the Halahila Main volcanogenic massive sulphide ("VMS") target beneath a 650-metre-long surface gossan.

Halahila Drill Program Highlights:

• Nine of 13 drill holes intersected disseminated to massive sulphide mineralization within a strongly altered volcanic sequence (Figure 1);

• 16.5 meters averaging 2.23% zinc, 25.0 g/t silver, 0.43 g/t gold and 0.42% copper, including 12.0 meters grading 2.75% zinc, 32.92 g/t silver, 0.55 g/t gold and 0.56% copper in Hole HAL26DD013;

• 14.7 meters averaging 2.64% zinc, 15.07 g/t silver, 0.52 g/t gold and 0.24% copper, including 6.0 meters averaging 4.89% zinc, 24.42 g/t silver, 0.62 g/t gold and 0.36% copper in Hole HAL26DD012;

• 14.05 meters averaging 1.45% zinc, 10.59 g/t silver, 0.29 g/t gold and 0.19% copper, including 3.92 meters averaging 4.88% zinc, 37.01 g/t silver, 1.01 g/t gold and 0.65% copper in Hole HAL26DD001;

• Drilling tested the system from approximately 35 to 200 metres down dip from surface expression. The Halahila Main system remains open along strike and at depth within a broader VMS-related trend extending for more than 10 kilometres.

Greg Davis, President and CEO of Sun Peak, commented: "We are particularly encouraged by the broad polymetallic intervals in holes HAL26DD012 and HAL26DD013, which include higher-grade zinc-silver intervals with significant gold and copper values. These results, together with the alteration and sulphide mineralogy observed throughout the VMS trend, provide a strong foundation for follow-up work at Halahila." Mr. Davis continued, "Following yesterday's exceptional Safra results, Halahila provides a second example of our team advancing a surface and geophysical target into a drill-confirmed mineralized VMS system. The two projects are geographically distinct and display different metal signatures; copper-zinc dominant at Safra and zinc-silver dominant at Halahila, reinforcing the diversified potential of our Saudi portfolio. Both maiden drill programs were completed on schedule and significantly under budget, demonstrating our ability to operate efficiently and advance multiple targets in KSA. We intend to apply the same disciplined exploration approach to high-priority targets at Al Miyah, Washaq and across our Round 9 licences."

The Halahila results follow the Company's announcement yesterday of assay results from its maiden drilling program at the Safra VMS Project which was highlighted by drill intervals of 39.0 metres averaging 1.38% copper and 0.84% zinc in Hole SAF26DD008 and 19.42 metres averaging 1.17% copper, 2.59% zinc and 22.35 g/t silver in Hole SAF26DD005.

Halahila Drilling Results

The program confirmed a polymetallic, sulphide-bearing VMS system below the Halahila Main gossan. Mineralized intervals are characterized principally by zinc and silver, with locally significant gold and copper values. Nine of the 13 holes intersected disseminated to massive sulphide mineralization, and several holes encountered multiple sulphide-bearing intervals (Figure 1 and 2, Table 1). The significant mineralized intervals and assay results are summarized in Table 1. Reported intervals are drilled core lengths unless otherwise indicated.

Table 1. Halahila drilling program summary of results

Hole	Interval	From (m)	To (m)	Length (m)	Zn (%)	Ag (g/t)	Au (g/t)	Cu (%)	Pb (%)
HAL26DD001	Main	125.8	139.85	14.05	1.45	10.59	0.29	0.19	0.015
HAL26DD001	Including	126.38	130.3	3.92	4.88	37.01	1.01	0.65	0.044
HAL26DD002	Main	158.25	167.75	9.5	0.81	6.84	0.15	0.09	0.029
HAL26DD002	Including	161.35	164.75	3.4	1.96	15.6	0.33	0.22	0.067
HAL26DD003	Main	86	106.6	20.6	0.05	1.37	0.16	0.25	0.006
HAL26DD003	Including	97	101.27	4.27	0.03	2.12	0.38	0.75	0.001
HAL26DD004	No Significant Intercepts
HAL26DD005	Main	81.42	87.9	6.48	0.30	1.86	0.07	0.08	0.017
HAL26DD006	Main	132.4	140.35	7.95	0.90	20.17	0.38	0.21	0.091
HAL26DD006	Including	134.4	137.45	3.05	2.02	46.61	0.76	0.44	0.217
HAL26DD007	Main	87.85	113.12	25.27	0.06	0.65	0.16	0.04	0.003
HAL26DD007	Including	105.5	109.7	4.2	0.06	1.03	0.77	0.10	0.003
HAL26DD008	No Significant Intercepts
HAL26DD009	Main	22.35	35.85	13.5	0.91	5.35	0.08	0.10	0.055
HAL26DD009	Including	28.97	33.82	4.85	1.86	13.53	0.19	0.22	0.136
HAL26DD010	No Significant Intercepts
HAL26DD011	No Significant Intercepts
HAL26DD012	Secondary	40.35	50.88	10.53	1.00	4.03	0.19	0.19	0.010
HAL26DD012	Main	57	71.7	14.7	2.64	15.07	0.52	0.24	0.138
HAL26DD012	Including	60	71.7	11.7	3.21	18.08	0.59	0.28	0.172
HAL26DD012	Including	62	68	6	4.89	24.42	0.62	0.36	0.265
HAL26DD013	Secondary	48.69	56.5	7.81	0.75	3.97	0.13	0.32	0.019
HAL26DD013	Main	64.5	81	16.5	2.23	25	0.43	0.42	0.180
HAL26DD013	Including	69	81	12	2.75	32.92	0.55	0.56	0.241

With the release of the Halahila results, Sun Peak has now reported assay results from maiden drilling at two separate VMS projects within its 1,072 km² Saudi Arabian exploration portfolio.

Figure 1. Plan map showing Halahila Main target area and 2026 drilling.

Figure 2. Cross section A-A' showing drill holes HAL26DD012 and HAL26DD013 with composite intervals.

Geological Interpretation

Drilling beneath the Halahila Main gossan intersected a strongly foliated and locally sheared volcanic sequence affected by widespread chlorite and sericite alteration, with variable silica, carbonate and epidote veining and alteration. More intense silicification and quartz-rich intervals were locally associated with sulphide-bearing zones.

Sulphide mineralization ranges from disseminated and stringer-style sulphides to more concentrated semi-massive and massive sulphide intervals. The logged mineral assemblage consists primarily of pyrite, sphalerite and chalcopyrite, with subordinate galena and possible silver-bearing sulphosalt minerals. Assays confirm that the principal mineralized intervals are zinc-silver rich, with associated gold and copper. The broadest and strongest polymetallic intersections occur in holes HAL26DD012 and HAL26DD013, drilled from the same collar at different inclinations, and provide a priority area for geological modelling and follow-up exploration.

The association of widespread hydrothermal alteration with stringer, semi-massive and massive sulphide mineralization confirms the mineralized geology mapped at surface with the system intersected below. HAL26DD002 intersected massive sulphide mineralization at 200 metres down dip, which the deepest extent tested, supporting additional down-dip exploration potential.

Halahila Project and Next Steps

The 33 km² Halahila Project lies within the Kutam-Al Masane VMS Belt of the southern Asir Terrane and approximately 45 kilometres south of the Al Masane VMS mine. Prior to drilling, systematic mapping and rock-chip sampling outlined a north-south-trending gossan over approximately 650 metres of strike and up to 30 metres wide.

The maiden drill program tested only a small portion of the broader Halahila mineralized trend, where surface mapping, geochemistry and geophysics have identified VMS-related features extending for more than 10 kilometres north-south. Only part of the Halahila Main gossan has been tested along strike, and drilling has extended to approximately 200 metres down dip.

Sun Peak is integrating drill geology, geochemistry and geophysical data to refine the three-dimensional model for Halahila Main. Follow-up work under consideration includes step-out drilling along strike and at depth, down-hole electromagnetic surveying, and testing additional gossans and conductors elsewhere along the Halahila trend.

Saudi Arabian Exploration Pipeline

Sun Peak's Saudi Arabian portfolio comprises 13 exploration licences totalling 1,072 km² along established VMS and gold trends, with two additional license applications covering approximately 200 km² (Figure 3). The portfolio provides the Company with multiple opportunities to advance targets from regional exploration through drill testing.

At Safra Main, Sun Peak recently completed 10 diamond drill holes totaling 1,242.35 metres. Drilling tested targets defined by coincident gravity anomalies, TDEM conductors, surface geochemistry, gossans, hydrothermal alteration and copper-oxide mineralization. A total of 559 drill-core samples were submitted for laboratory analysis, and results were reported on September 8, 2026.

At the 235 km² Al Miyah licence, the Company has completed approximately 1,345 line-kilometres of fixed-wing time-domain airborne electromagnetic surveying, together with gravity and ground electromagnetic surveys at the Hishashat and Al Miyah Main gold and copper VMS targets. These results are being integrated with geological and geochemical data to refine targets for follow-up exploration and drilling.

At Washaq, within the Jabal Al Asad Project acquired through the Round 9 auction, mapping has outlined a VMS-style gossan extending approximately 1.5 kilometres along strike, together with a broad hydrothermal footwall alteration zone containing gossanous stringer mineralization. Geological sampling, gravity surveying and follow-up ground electromagnetic surveying have been completed or are underway to refine potential drill targets. The Company's other Round 9 licenses provide additional VMS and gold targets at varying stages of advancement.

The Company intends to advance and test this pipeline systematically with the objective of making multiple discoveries and identifying VMS within identified trends. There can be no assurance that future exploration will result in a mineral discovery or establish a mineral resource.

Figure 3. Sun Peak Projects Location Map.

QA/QC and Sampling Protocol

Sampling at Halahila followed Sun Peak's internal sampling and QA/QC protocols. Diamond drill core was halved, with half-core samples submitted to ALS Arabia in Jeddah, Saudi Arabia for sample preparation and gold analysis. The entire sample was crushed to a minimum of 70% passing 2 mm, split using a Boyd rotary splitter, and a 1,000 g split was pulverized to a minimum of 85% passing 75 microns. Gold was analyzed by 30 g fire assay with an ICP-AES finish (Au-ICP21), while silver, copper, zinc and a suite of other major and trace elements were analyzed by four-acid digestion with ICP-MS finish (ME-MS61). Samples exceeding the upper analytical limits were re-analyzed using applicable ore-grade four-acid ICP-AES methods. Multi-element and applicable ore-grade analyses were completed at ALS in North Vancouver, British Columbia, Canada.

Sun Peak's internal QA/QC program included the regular insertion of certified reference materials, blanks and duplicate samples into the drill core sample stream. Approximately 10 to 15% of the samples submitted were Company-inserted QA/QC samples, comprising certified reference materials selected to monitor analytical accuracy across a range of metal concentrations, blank material to monitor potential contamination, and field duplicates to assess sampling and analytical precision. In addition to Sun Peak's internal QA/QC program, ALS maintained its own laboratory quality control procedures, including the analysis of standards, blanks, analytical duplicates and preparation duplicates.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Arron Albano, P.Geo., Exploration Manager for Sun Peak Metals Corp, who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

ABOUT SUN PEAK METALS CORP.

Sun Peak Metals Corp's portfolio is located within the Arabian-Nubian Shield, a highly prospective Precambrian mineral belt that hosts numerous VMS, intrusion-related and orogenic gold systems, including Jabal Sayid and Mansourah in Saudi Arabia and the Bisha Mine and Asmara Projects in Eritrea. The Company's exploration strategy is focused on systematically advancing a pipeline of projects from regional target identification through drill testing.

In the Kingdom of Saudi Arabia, the Company holds 13 exploration licenses totaling 1,072 km² along established VMS and gold trends, with applications pending for two additional exploration licences covering approximately 200 km².

In Ethiopia, the Company's Shire Project comprises six exploration licences covering approximately 1,450 km².

Sun Peak's team has an unparalleled track record of multiple mine discoveries within the Arabian-Nubian Shield, supported by significant capital-markets strength and experience.

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): info@sunpeakmetals.com

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 management 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, statements 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 the 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+.

SOURCE: Sun Peak Metals Corp.

View the original press release on ACCESS Newswire

FAQ

How large was the maiden drill program at the Halahila VMS Project?

The maiden Halahila program comprised 13 diamond drill holes totaling 2,522 metres, testing the Halahila Main VMS target beneath a 650-metre-long surface gossan from approximately 35 to 200 metres down dip.

What are some additional notable drill intercepts from Halahila beyond the headline holes?

Other significant intervals include Hole HAL26DD001 with 14.05 m averaging 1.45% Zn, 10.59 g/t Ag, 0.29 g/t Au and 0.19% Cu, including 3.92 m at 4.88% Zn, 37.01 g/t Ag, 1.01 g/t Au and 0.65% Cu. Hole HAL26DD006 returned 7.95 m averaging 0.90% Zn, 20.17 g/t Ag, 0.38 g/t Au and 0.21% Cu, including 3.05 m at 2.02% Zn, 46.61 g/t Ag, 0.76 g/t Au and 0.44% Cu.

How do the Halahila results compare with the nearby Safra VMS Project results?

At the Safra VMS Project, previously reported maiden drilling highlights include 39.0 m averaging 1.38% Cu and 0.84% Zn in Hole SAF26DD008, and 19.42 m averaging 1.17% Cu, 2.59% Zn and 22.35 g/t Ag in Hole SAF26DD005. The company describes Safra as copper-zinc dominant, while Halahila is characterized as zinc-silver dominant with associated gold and copper.

What follow-up work is being considered for the Halahila Project?

Sun Peak is integrating drill geology, geochemistry and geophysical data to refine a three-dimensional model for Halahila Main. Follow-up work under consideration includes step-out drilling along strike and at depth, down-hole electromagnetic surveying, and testing additional gossans and conductors elsewhere along the >10 km Halahila trend.

Where is the Halahila Project located within Saudi Arabia’s mineral belts?

The 33 km² Halahila Project lies within the Kutam–Al Masane VMS Belt of the southern Asir Terrane, approximately 45 kilometres south of the Al Masane VMS mine.

What quality assurance and quality control (QA/QC) procedures were used for Halahila sampling?

Diamond drill core was halved, and half-core samples were sent to ALS Arabia in Jeddah for preparation and gold analysis, with multi-element and ore-grade analyses completed at ALS in North Vancouver. The company inserted certified reference materials, blanks and field duplicates so that about 10–15% of submitted samples were QA/QC samples, while ALS applied its own standards, blanks and duplicate analyses.

What other exploration work is underway in Sun Peak’s Saudi portfolio beyond Halahila and Safra?

At the 235 km² Al Miyah licence, the company has flown about 1,345 line-kilometres of fixed-wing time-domain EM and completed gravity and ground EM surveys at Hishashat and Al Miyah Main. At Washaq in the Jabal Al Asad Project, mapping has outlined a ~1.5 km VMS-style gossan with associated alteration, and geological sampling plus gravity and ground EM surveys have been completed or are underway to refine drill targets.