Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES EXTENSION TO PRIVATE PLACEMENT

Nevada Sunrise Metals Corp. has extended by 30 days its previously announced non-brokered private placement consisting of 20 million units at a price of eight cents per unit for gross proceeds of up to $1.6-million. The company closed a first tranche of the offering on Sept. 15, 2023, consisting of 3,562,500 units for gross proceeds of $285,000.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 12 cents for a period expiring two years from the closing date of the offering.

Proceeds of the offering will be used for:

• Completion of a National Instrument 43-101-compliant mineral resource estimate for the Gemini lithium project located in Esmeralda county, Nevada;
• Completion of a preliminary economic assessment (or PEA) following the release of a maiden mineral resource estimate for Gemini;
• Exploration work on the company's mineral properties;
• Other lithium property investigations and general working capital.

Finders' fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the company to certain subscribers participating in the offering. All securities issued in the offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the offering is subject to the final acceptance of the TSX Venture Exchange.

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 basin in Esmeralda county, Nevada, located just east of the Clayton Valley basin, which hosts the only producing lithium mine in the United States operated by Albemarle Corp. at Silver Peak, Nev. The company owns Nevada water right permit 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. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101-compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 grams per tonne Au (4.95 million tonnes) 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 to 2.0 g/t Au (1). The company has elected not to contribute to the 2023 exploration program at Kinsley Mountain and expects to incur dilution of its participating interest in the joint venture to an approximate 19.0-per-cent interest.

We seek Safe Harbor.