Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES 2023 EXPLORATION PROGRAM PLANS AT THE KINSLEY MOUNTAIN GOLD PROJECT, NEVADA

Nevada Sunrise Metals Corp.'s joint venture partner, Copaur Minerals Inc., has finalized plans for the 2023 drilling program at the Kinsley Mountain gold project located near Wendover, Nev. The 2023 exploration plan calls for a combined 3,500 metres (11,480 feet) of reverse circulation (RC) and diamond drilling. Nevada Sunrise holds a 20.01-per-cent interest in the Kinsley Mountain joint venture, with Copaur, as operator, holding a 79.99-per-cent interest.

Kinsley Mountain hosts current indicated mineral resources comprising a National Instrument 43-101-compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 grams per tonne (g/t) gold (Au) (4.95 million tonnes (Mt)) and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 g/t to two g/t Au.

Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon shale at the Western Flank zone (WFZ). The Kinsley Mountain property hosts a historical past-producing mine that yielded 138,000 ounces of near-surface, open-pit oxide gold mined by Alta Gold between 1995 and 1999.

The 2023 Kinsley Mountain drill program is planned to consist of up to 2,300 metres (7,544 feet) of RC drilling and 1,200 metres (3,936 feet) of diamond core drilling for:

• Resource infill drilling of the high-grade gold WFZ (two core holes planned for 700 metres, or 2,296 feet);
• Near-surface oxide-gold resource drilling, for expansion and delineation at the Main Pit North oxide and Secret Spot targets (19 RC holes planned for 2,300 metres, or 7,544 feet);
• Testing of a new induced polarization/chargeability anomaly located between the WFZ and Upper Ridge pit area is planned (one core hole for 500 metres, or 1,640 feet).

The planned 2023 drilling is designed to follow-up on the highly successful 2020 drilling campaign, which consisted of 49 holes totalling 17,970 metres (58,957 feet), the results of which underscored the resource expansion potential that remains at WFZ, Main Pit North oxide and the Secret Spot targets, with highlights including:

1. Western Flank resource drilling:
   1. 10.22 g/t gold over 6.1 metres (20 feet) within a broader zone grading 2.63 g/t gold (sulphide) over 38.10 metres (124.97 feet) in KMR20-017;
   2. 15.1 g/t gold (sulphide) over 7.6 metres (24.93 feet), including 24.1 g/t gold (sulphide) over 4.6 metres (15.1 feet) Lower zone and 9.08 g/t gold (sulphide) over 6.1 metres (20 feet) Upper zone in KMR20-026.
2. Main Pit North oxide target yielded a high-grade intercept of:
   1. 9.83 g/t gold over 7.6 metres (24.93 feet) of high-grade, shallow oxide mineralization in hole KMR20-30.
3. New near-surface oxide discovery at the Secret Spot, including:
   1. 1.77 g/t gold over 25.3 metres (82.98 feet) in a near-surface mineralized intersection in hole KMD20-007B.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, CPG, RG, SME, and a qualified person for Nevada Sunrise as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Allender has examined the information regarding the 2023 exploration program and budget provided by Copaur, which includes his review of the historical sampling, analytical, and test data and procedures underlying the information and opinions contained herein.

About Nevada Sunrise Metals Corp.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, B.C., Canada, that holds interests in lithium, gold, copper and cobalt exploration projects located in the state of Nevada, United States.

Nevada Sunrise owns 100-per-cent interests in the Gemini, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda county, Nevada. The company owns Nevada water right permit No. 86863, also located in the Lida Valley basin, near Lida, Nev.

The company's key gold asset is a 20.01-per-cent interest in a joint venture at the Kinsley Mountain gold project near Wendover, Nev., with Copaur Minerals Inc.

Nevada Sunrise has the right to earn a 100-per-cent interest in the Coronado VMS (volcanogenic massive sulphide) project, located approximately 48 kilometres (30 miles) southeast of Winnemucca, Nev. The company owns a 15-per-cent interest in the historic Lovelock cobalt mine and the Treasure Box copper properties, each located approximately 150 kilometres (100 miles) east of Reno, Nev., with Global Energy Metals Corp. currently holding an 85-per-cent participating interest.

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