Sun Peak Metals Corp Reports up to 16.35 g/t Gold and 180 g/t Silver From Surface Rock-Chip Samples at the Halahila Project, Saudi ArabiaVANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) ("Sun Peak" or the "Company") reports initial results from a systematic geological mapping, rock-chip, and grab sampling program at its 100%-owned Halahila copper-gold-silver volcanogenic massive sulphide ("VMS") project in the Kingdom of Saudi Arabia ("KSA" or "Saudi Arabia").Halahila Project Highlights:Systematic geological mapping and rock chip sampling from the main VMS gossan outline a mineralized zone exceeding 650 meters of strike length, with widths of up to 30 meters, hosting encouraging gold and silver values (Figure 1, Table 1).25% of samples (24 of 98) returned >1 g/t gold, with values up to 16.35 g/t gold.29% of samples (28 of 98) returned >10 g/t silver, with values up to 180 g/t silver.These results represent the first exploration data since Sun Peak completed its acquisition of Saudi Discovery Company on December 18, 2025. The Company is concurrently advancing exploration at its 100%-owned Al Miyah and Safra projects, with results to be reported separately.Greg Davis, CEO of Sun Peak Metals, commented: "Our exploration team is highly encouraged by the initial results from the Halahila Project. The Project represents a compelling copper-gold-silver VMS target within the Kutam-Al Masane VMS belt in Saudi Arabia. The target, which is comparable to targets the team previously drilled in East Africa, has strong surface gold and silver values and warrants further, aggressive, and systematic exploration. We are eager to advance the entire property through targeted and regional geophysical programs to better define subsurface controls on mineralization in preparation for drilling this year."Halahila Project OverviewThe 35 km² Halahila Project is situated within the highly prospective Kutam-Al Masane VMS Belt of the southern Asir Terrane in Saudi Arabia. The district hosts several VMS and gold deposits, including the Al Masane copper-zinc mining complex, located 45 km to the north, and the ancient historic Kutam copper mine, located 40 km to the west of Halahila.Field Evaluation and SamplingOngoing fieldwork at Halahila includes: detailed geological mapping and systematic rock-chip and channel sampling of the VMS gossans and associated alteration zones along a greater than 10 kilometer north-south trend. Results indicate extensive VMS-style mineralization and alteration, defining a continuous gold-enriched corridor over approximately 650 meters of strike length and widths up to 30 meters (Figures 1 and 2).Reported samples were collected from surface exposures within the gold-silver rich oxide (gossan) zone.Next Steps at HalahilaSun Peak plans to conduct ground-based time-domain electromagnetic ("TDEM") surveys in Q1 2026 to further define priority drill targets, with an initial drill program anticipated in Q3 2026.A property wide drone magnetic survey is planned to acquire high-resolution magnetic data to support geological interpretation and mineral exploration targeting of VMS-type Cu-Zn-Au-Ag mineralization.Drilling will be designed to test the down-dip extension and continuity of the oxide gold mineralization and evaluate the potential for underlying supergene and primary massive sulphide mineralization containing both base and precious metals.Sun Peak Projects in Saudi ArabiaThe Company currently holds 100% ownership of six (6) exploration licenses covering approximately 438 km² located within the highly prospective VMS trends of the Arabian-Nubian Shield in Saudi Arabia. In addition, the Company expects to add approximately 800 km² through the finalization of the Saudi Arabian Ministry of Industry and Minerals ("MIM") Round 9 Auction, which was held in Q4 2025, and the finalization of applications for Massa SW and Massa SE that have been accepted by the MIM and are awaiting grant. Sun Peak closed a $6.7M financing in December 2025 and is fully funded to commence systematic exploration campaigns across its prospective property portfolio. Figure 1. Halahila target area showing gold-in-rock geochemistry from rock-chip and grab sampling program. Figure 2. Halahila exploration license location map.Table 1. Notable rock sample assay results from the Halahila target area.Sample IDSample TypeGold (g/t)Silver (g/t)1846332M CHIP16.35180.31846322M CHIP6.5523.81846212M CHIP5.8735.11846222M CHIP5.853.71846392M CHIP5.3639.61846382M CHIP4.0628.81846452M CHIP3.7818.21846362M CHIP3.0223.51846302M CHIP2.8712.81846412M CHIP2.529.31846272M CHIP2.206.71846472M CHIP1.9633.81846512M CHIP1.8711.61846232M CHIP1.869.71846492M CHIP1.7817.11846242M CHIP1.613.61846532M CHIP1.487.91846252M CHIP1.317.41848011M X 1M COMPOSITE CHIP1.1116.51846522M CHIP1.0940.91846162M CHIP1.056.71847630.5M CHIP1.0413.81846432M CHIP1.0225.41846502M CHIP1.0020.61846442M CHIP0.9719.41846422M CHIP0.8332.11846262M C