Mr. Warren Stanyer reports

NEVADA SUNRISE TO REVISE AMENDMENT APPLICATION OF WARRANT TERMS AND GRANTS STOCK OPTIONS

Nevada Sunrise Metals Corp.'s pending application to the TSX Venture Exchange to amend the terms of 7.5 million common share purchase warrants issued on June 29, 2022, will be revised (see Nevada Sunrise news release dated Nov. 10, 2023).

Nevada Sunrise has learned that its proposal to reduce the exercise price of the 2022 warrants from 30 cents to 15 cents would contravene TSX-V policy unless the unanimous consent of the warrantholders is obtained and an acceleration clause is introduced to the exercise provisions of the 2022 warrants, actions which the company has deemed impracticable. Therefore, Nevada Sunrise will file an application to reduce the exercise price of the 2022 warrants from 30 cents to 20.5 cents, which is an exercise price reduction consistent with TSX-V policy.

The application by the company to extend the term of the 2022 warrants to June 29, 2026, and to reduce their exercise price to 20.5 cents is subject to the acceptance of the TSX-V.

Grant of stock options

The company also wishes to announce that it has granted a total of 4.4 million stock options to directors, officers and consultants of the company, exercisable at a price of eight cents per share for a period of five years from the date of grant. The stock options have been granted in accordance with the company's stock option plan.

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, 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 the Kinsley Mountain gold project near Wendover, Nev., in a joint venture with Copaur Minerals. Due to its current focus on lithium exploration and development in Nevada, the company elected not to contribute to the 2023 exploration program at Kinsley Mountain and will incur dilution of its participating interest in the joint venture to an approximate 19-per-cent interest. (Technical report on the Kinsley project, Elko county, Nevada, dated June 21, 2021, with an effective date of May 5, 2021, and prepared by Michael M. Gustin, PhD, and Gary L. Simmons, MMSA, and filed under New Placer Dome Gold Corp.'s issuer profile on SEDAR.)

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.

We seek Safe Harbor.