Sun Peak Metals Corp. Updates on Shire Project Amidst Seasonal and Political Challenges

VANCOUVER, BC — Sun Peak Metals Corp. (“Sun Peak” or the “Company”), a materials sector company listed on the TSX Venture Exchange, has provided an update on its exploration activities at the Shire VMS and gold Project in northern Ethiopia. The company, which specializes in mining services with a focus on gold and copper reserves, announced on June 27, 2025, that its exploration work, including the Time Domain Electromagnetic (“TDEM”) survey, has been temporarily paused due to the onset of the rainy season and seasonal planning considerations.

The TDEM program, which began in January 2025, has made significant progress despite facing political challenges in the region. The team’s adaptability and commitment have been evident as they navigated these difficulties, ensuring steady advancement in their exploration efforts. The survey has successfully covered several high-priority areas on the Meli and Anguda Mineral Trends, identifying additional high-priority VMS zones earmarked for future surveying.

Sun Peak Metals Corp. plans to utilize the results from the TDEM survey to refine drill targets for the next phase of exploration. This strategic pause allows the company to optimize its operations in alignment with environmental and political conditions, demonstrating its resilience and strategic planning capabilities.

Company Overview

Sun Peak Metals Corp. is based in Vancouver, Canada, and serves customers within Canada. The company is listed on the TSX Venture Exchange under the ticker PEAK and trades over-the-counter as SUNPF. As of June 25, 2025, Sun Peak Metals had a close price of 0.225 CAD, with a 52-week high of 0.465 CAD on October 24, 2024, and a 52-week low of 0.21 CAD on May 4, 2025. The company’s market capitalization stands at 20,030,000 CAD, with a price-to-earnings ratio of -10.26, reflecting its current financial standing.

For more information about Sun Peak Metals Corp. and its initiatives, interested parties can visit their website at www.sunpeakmetals.com .