Sun Peak Metals Corp. (the 'Company' or 'Sun Peak') (TSXV: PEAK) (OTCQB:SUNPF) reports that the board of directors of Sun Peak granted a total of 2,150,000 incentive stock options of the capital stock of the Company to directors, officers, employees and consultants exercisable for up to a five year period at an exercise price of $0.26, being the closing share price on February 21, 2023, pursuant to the Company's shareholder approved stock option plan.

Contact:

Greg Davis

Tel: +1 (604) 999 1099

Email: info@sunpeakmetals.com

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