Mr. Warren Stanyer reports

NEVADA SUNRISE RECEIVES FINAL LITHIUM-IN-SEDIMENT RESULTS FOR PHASE 2 DRILLING PROGRAM AT THE GEMINI LITHIUM PROJECT, NEVADA

Nevada Sunrise Metals Corp. has received final geochemical analyses for lithium mineralization in sediment samples collected from borehole GEM23-05, drilled at its 100-per-cent-owned Gemini lithium project located in the Lida Valley basin in Esmeralda county, Nevada. Borehole GEM23-05, the third hole of the phase 2 program, was completed to depth of 1,740 feet (530.49 metres) for a cumulative total footage drilled at Gemini beginning in March, 2022, of 7,330 feet (2,234.76 metres) in five reverse circulation (RC) boreholes.

Highlights of GEM23-05:

• Borehole GEM23-05 intersected 635.21 parts per million (ppm) lithium-in-sediment over 1,135 feet (346.04 metres) from 440 feet (134.15 metres) to 1,575 feet (480.18 metres), including 1,096.16 ppm lithium over 360 feet (109.76 metres) and 1,308.42 ppm lithium over 180 feet (54.88 metres).
• Interpreted basement contact was made at 1,575 feet (480.18 metres) in a rhyolite flow sequence, which provides further definition of the depth of the southern edge of the Gemini sedimentary basin.

Nevada Sunrise believes that the southern and western parts of the Gemini basin are highly prospective for additional lithium mineralization and that further drilling could eventually define a large lithium resource. The company is in discussions with a Vancouver-based engineering firm to commission a National Instrument 43-101 compliant resource estimate and a preliminary economic assessment of the lithium-bearing zones at Gemini.

Groundwater analyses for the remaining phase 2 drilling program water samples are still in progress and will be released when received, compiled and interpreted.

About the 2022/2023 Gemini drilling program

In March and April, 2022, Nevada Sunrise drilled two RC boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic surveys. The results from the first two holes at Gemini represented a new discovery of lithium mineralization in the western Lida Valley, which was not historically drill tested for lithium (see Nevada Sunrise news release dated May 18, 2022). Three additional boreholes were completed from October, 2022, to April, 2023, with each intersecting lithium mineralization.

In July, 2022, Nevada Sunrise received a permit for an expanded drilling area from the Bureau of Land Management (BLM) good until July, 2024, and began phase 2 drilling at Gemini in October, 2022.

About Gemini

Gemini consists of 582 unpatented placer and lode claims located in the western Lida Valley, Esmeralda county, approximately six miles (10 kilometres) east of the town of Lida, Nev. The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albemarle Corp. operates the Silver Peak lithium brine mine, which has operated continuously since 1966.

Gemini is situated adjacent to the Gold Point solar energy zone, a BLM land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the company's 80.09-acre/feet/year water right, a prerequisite for the exploration and development of lithium brine projects in Nevada.

Sampling and analytical quality assurance/quality control and statement of qualified person

Sediment sample collection and analysis

Sediment samples described in this new release are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative three-to-five-kilogram sample for each sample interval. Samples were submitted to American Assay and ALS Global USA in Reno, Nev., and were analyzed utilizing a multielement inductively coupled plasma atomic emission spectroscopy method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental concentrations. Duplicates, field blanks and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method. All depth measurements reported, including sample and interval widths, are down hole. As holes at Gemini are oriented vertical and geologic stratigraphy is primarily horizontal to subhorizontal, downhole measurements are assumed to be close to true thickness.

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.

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 and copper 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, with no applicable royalties, all of which are located in the Lida Valley in Esmeralda county, Nevada.

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