Sun Peak Metals Samples Up To 6.73 G/T Gold From The Newly Identified Hilux Zone At The Al Miyah ProjectVANCOUVER, BC / ACCESS Newswire / April 23, 2026 / Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) ("Sun Peak" or the "Company") announces initial surface sample results from a rock-chip and grab sampling program at its 100%-owned Al Miyah project (234 km2). Al Miyah is comprised of three of the thirteen exploration licenses held by Sun Peak in the Kingdom of Saudi Arabia ("KSA" or "Saudi Arabia"), which cover 1,072 km².HighlightsA total of 175 rock-chip and grab samples sourced from artisanal workings were collected from three target areas: Hishashat VMS Target, Al Miyah Main VMS Target and the newly identified Hilux Zone Gold Target. The Hilux Zone comprises an approximately 6 kilometer north-south trend marked by artisanal mining, including hand-dug shafts and pits, excavations, and placer workings.Rock-chip sampling and material sourced from artisanal workings at Hilux returned up to 6.14 and 6.73 g/t gold, respectively.Property-wide sampling outside of known areas returned encouraging precious and base metal values.Further work at the Al Miyah Property will comprise additional systematic geological mapping, trenching, rock and soil sampling, ground Time Domain Electromagnetic ("TDEM"), and detailed ground gravity surveys.Sun Peak has been continuously active on all of the Company's projects in Saudi Arabia (see Map 1). The work reported in this news release is from the Al Miyah Project only (see Map 2), which has been conducted concurrently with exploration programs at Halahila, Safra, and the newly acquired licenses from the Round 9 Auction. Updates on each project will be forthcoming, as well as details on the Company's first upcoming drill program in the KSA.Greg Davis, CEO of Sun Peak Metals, commented: "We are extremely excited by the initial results from the Hilux Zone at Al Miyah, which demonstrates the strong gold potential of this newly discovered area. The impressive grades from surface samples highlight the opportunity for significant exploration success, and we look forward to advancing our work at Al Miyah and across our other projects in Saudi Arabia."Map 1. Sun Peak KSA Projects Location Map HiluxThe newly discovered Hilux Zone comprises an approximately 6 kilometer north-south trend marked by artisanal mining, including hand-dug shafts and pits, excavations, and placer workings. Initial analytical results from rock-chip and grab sampling, and material sourced from artisanal workings returned very encouraging results, with values up to 6.73 g/t Au. Additional field studies at Hilux will include detailed geological mapping, rock and soil sampling, and induced polarization ("IP") geophysical surveys to fully evaluate the potential of this new zone.Table 1. Gold assays for rock samples collected from HiluxSample IDZoneSample TypeGold (g/t)356320HiluxARTISANAL WORKINGS6.731184779Hilux1M CHIP SAMPLE6.136356322HiluxGRAB SAMPLE1.249184797Hilux0.3M CHIP SAMPLE0.826184836HiluxGRAB SAMPLE0.742184778Hilux1M CHIP SAMPLE0.712356321HiluxARTISANAL WORKINGS0.688184800Hilux0.5M CHIP SAMPLE0.586Map 2. Al Miyah Project Plan Map Hishashat VMS TargetGrab samples collected from Hishashat VMS Target returned up to 1.53% Cu, 1.45 g/t Au and 29.8 g/t Ag. Additional grab and sub-crop samples collected 1.9 km and 0.7 km along trend to the south, returned encouraging values of 5.01 % and 0.93 % Cu, respectively, and are interpreted as copper-bearing stringer zones related to a Volcanogenic Massive Sulphide system ("VMS"). Previous sampling at Hishashat returned up to 4.53 g/t Au, 3.72% Cu and 42.2g/t Ag (see news release dated January 13, 2026).Concurrently with the surface sampling and geological mapping program, a total of 600 ground TDEM stations were conducted over the Hishashat VMS Target trend and associated ground gravity high anomalies within a relatively flat sediment basin (wadi). The Company considers results from the ground TDEM survey to be very encouraging, with follow up work including a trenching program designed to expose bedrock beneath sand covered areas. Additional work at Hishashat will include ground gravity infill stations and line extension stations to the east and south.Table 2. Gold assays for rock samples collected recently from Hishashat (this news release)Sample IDZoneSample TypeCopper (%)Gold (g/t)Silver (g/t)356318HishashatGRAB SAMPLE5.010.0350.3184676HishashatGRAB SAMPLE1.530.0440.4356337HishashatSUBCROP0.930.7660.5184675HishashatSUBCROP0.771.45229.8184698HishashatGRAB SAMPLE0.320.1450.9356332HishashatGRAB SAMPLE0.20.0121.4184695HishashatGRAB SAMPLE0.170.0150.6356331HishashatGRAB SAMPLE0.130.0080.5Al Miyah Main VMS TargetDetailed geological mapping was conducted at Al Miyah Main, outlining 4 separate VMS gossan lenses over a 300m north-northwest trend. Previous grab sampling from the VMS gossans returned up to 4.53 g/t Au, 3.72 % Cu, and 42.2 g/t Ag (see news release dated January 1