Sun Peak Metals Corp. completed its previously announced transaction pursuant to which Sun Peak acquired all of the issued and outstanding shares of Saudi Discovery Company SPV Limited, by way of a share exchange.

Pursuant to the Transaction, former SDC shareholders received an aggregate of 58,065,356 common shares of Sun Peak in exchange for al SDC Shares. The Sun Peak Shares issued under the Transaction are expected to be listed and posted for trading on the TSX Venture Exchange.

Sun Peak Metals is a Vancouver-based company focused on exploration, discovery and development of base metal and gold deposits within the highly-prospective Arabian-Nubian Shield.

Saudi Discovery Company is a pioneering exploration company advancing high-potential mineral projects in Saudi Arabia.

DLA Piper (Canada) LLP acts as legal counsel to Sun Peak. Cozen O’Connor LLP acts as legal counsel to Saudi Discovery.