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Sun Summit Mourns the Loss of Chairman and Co-Founder, R. Stuart Angus

Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) announces with deep sadness the passing of Mr. R. Stuart "Tookie" Angus, Chairman, Co-Founder, colleague and friend.

Mr. Angus was a significant industry participant for over 40 years, with a focus on structuring and financing significant international exploration, development, and mining ventures. He served as Chairman on multiple boards and was responsible for several large-scale mergers and acquisitions.

Mr. Angus founded Sun Summit Minerals (then known as San Marco Resources) in 2009 with Bob Willis with a focus on early-stage copper and precious metal exploration in Sonora State, Mexico.

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Bob Willis, Senior Advisor and Co-Founder, stated, "To have had the privilege of working with Tookie, fulfilling our vision of creating a top-notch junior exploration company, has been the ultimate positive experience most can only dream of. Tookie's wisdom, support, encouragement, laughter and kindness will be the only motivation needed for our team to continue the work he loved and will ensure his legacy will live on."

"Tookie was a mining legend who brought remarkable passion, experience, and humour to every project he chose to pursue. His guidance, vision, and commitment to the success and growth of the Company will be greatly missed," stated Sharyn Alexander, Sun Summit's President.

On behalf of the Board of Directors and management, we extend our condolences and deepest sympathies to the Angus family and to all those who knew him as a colleague, as a mentor, and as a friend.

About Sun Summit

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on expanding its gold, silver, and zinc discovery at its flagship Buck Project located in north-central British Columbia.

Sun Summit is committed to environmental and social responsibility, with a focus on accountable development and building respectful and beneficial relationships with Indigenous and local communities.

Further details are available at www.sunsummitminerals.com.

For further information, contact:

Sharyn Alexander
President
info@sunsummitminerals.com

Roger Blair
Acuity Advisory Corp., Corporate Communications
rblair@acuityadvisorycorp.com

Tel. 778-588-9606

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. Factors that could cause such differences, 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. 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.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159921