Mr. Warren Stanyer reports

NEVADA SUNRISE PRODUCES 3-D MODEL FOR THE GEMINI LITHIUM PROJECT, NEVADA

Nevada Sunrise Metals Corp. has produced an animated 3-D geological and geophysical model for its 100-per-cent-owned Gemini lithium project. Gemini is located in the Lida Valley basin in Esmeralda county, Nevada, where Nevada Sunrise made a significant lithium-in-sediment discovery by drilling in 2022 and 2023.

The 3-D model was produced by Walker Lane Research Partners LLC of Oak Harbour, Wash., based upon the results of detailed gravity surveys performed in the Lida Valley in 2012 and 2013 by a team from the University of Texas, Dallas, led by John Oldow, PhD. Dr. Oldow, a technical adviser to Nevada Sunrise, retired from UT Dallas in 2018 and is a co-founder of Walker Lane LLC. His proprietary gravity data and geological determinations were combined with the results of time-domain electromagnetic (TDEM) surveys carried out by Nevada Sunrise in 2016 and 2022 to produce the model.

"The 3-D model produced by Dr. Oldow and his team has exceeded expectations," said Warren Stanyer, president and chief executive officer of Nevada Sunrise. "This dynamic view of the Gemini basin supports our belief in its potential to host a large lithium resource. The five holes drilled to date have only tested a portion of the deposit, and more drilling is required to determine the full extent of the lithium mineralization present at Gemini."

Dr. Oldow's recommendations for additional work include increasing the gravity data coverage for the Gemini basin to further improve understanding of the basin geometry and where to locate drill sites to optimize exploration for both lithium brine and lithium-in-sediments. Identification of internal basin faults will be an important part of the additional exploration work. As found in the only producing lithium mine in the United States located at Silver Peak, Nevada, in the Clayton Valley to the northwest of Gemini, internal basin faults impart important control in fluid flow and localization of lithium brines, and also have critical control on lithium-in-sediments facies distribution. Combining a better overall basin geometry with the TDEM profiles together with the existing drill logs should allow better constraint of the internal geometry in the Gemini basin.

Update on the National Instrument 43-101 compliant resource estimate

In July, 2023, Nevada Sunrise commissioned ABH Engineering Inc. of Surrey, B.C., Canada, to calculate an NI 43-101 compliant resource estimate for Gemini with the further goal of generating a preliminary economic assessment in 2024. Since that time, ABH has engaged in a comprehensive review of the Gemini exploration data, including all drilling data, geophysical and geochemical results, and the outcomes of the company's metallurgical testing. In mid-November, 2023, ABH's qualified persons conducted a site visit to Gemini to fulfill an NI 43-101 requisite for authors of a compliant technical report. Nevada Sunrise anticipates receiving the estimate late in the fourth quarter of 2023 or early in the first quarter of 2024.

About the UT, Dallas gravity survey

The Lida Valley basin is bounded and crosscut by a rectilinear array of faults that emanate from the Sylvania Mountain fault system and transfer displacement to the Mount Jackson Ridge fault zone, which is part of the Palmetto Wash fault system. The Lida Valley is a pull-apart structural system with extension localized on north-northeast faults and transcurrent displacement on west-northwest faults. The combination of mapped faults and subsurface faults inferred by gravity data indicate an internal geometry that is substantially more complex than most pull-apart basin systems. The system of faults within the basin is composed of fault relays and transfer fault systems that segment the basin into three structural domains. Faults within each structural domain exhibit a tendency to curve along strike and to merge with other faults, resulting in an intricate array of kinematically linked structures that transfer displacement through the basin.

To describe the subsurface geometry of Lida Valley, gravity data were collected and a residual complete Bouguer anomaly was generated. Prior to this study, data coverage for Lida Valley and the surrounding region, provided by the Pan American Center for Earth Studies, consisted of 14 gravity stations within the Lida Valley basin and 60 measurements in the adjacent mountain ranges and intervening valleys. To improve spatial coverage approximately 500 gravity measurements were collected at 300-metre spacing along seven transects crossing Lida Valley. Access was limited by dense sagebrush and, for the most part, the lines followed primary and secondary roads and in a few locations were acquired by tracking cross country. To ensure internal data consistency, a common station was reoccupied at all line intersections.

The data were collected using two Scintrex CG-5 gravimeters with station locations determined using dual-frequency Leica GS10 global navigation satellite system (GNSS) receivers. All 500 station values were referenced to a common base station that was measured by both gravimeters at the beginning and the end of each day. A secondary base station, located at the GNSS base station, was also measured by both gravimeters daily. The gravity base station was referenced to an absolute gravity station, Las Vegas K 169, in Las Vegas, Nev.

About Gemini

Gemini consists of 280 unpatented mineral 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 Bureau of Land Management 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.

In March and April, 2022, Nevada Sunrise drilled two reverse circulation 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 totalling 5,310 feet (1,618.9 metres) were completed from October, 2022, to April, 2023, with each intersecting lithium mineralization (see Nevada Sunrise news release dated May 24, 2023). Metallurgical tests carried out on Gemini lithium-in-sediment mineralization in 2023 have achieved a 90.2-per-cent-lithium extraction rate (see Nevada Sunrise news release dated June 5, 2023).

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

Sediment samples from the Gemini 2022-2023 drilling program were submitted to American Assay and ALS Global USA in Reno, Nev., and were analyzed utilizing a multielement inductively coupled plasma/atomic emission spectrometry 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.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender Jr., CPG, RG, SME, 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, all of which are located in the Lida Valley in Esmeralda county, Nevada. 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 at the Kinsley Mountain gold project near Wendover, Nev., in a joint venture with CopAur Minerals Inc. Due to its 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 from 20.01 per cent to an approximate 19.0-per-cent interest.

Nevada Sunrise has the right to earn a 100-per-cent interest in the Coronado volcanogenic massive sulphide (VMS) project, located approximately 48 kilometres (30 miles) southeast of Winnemucca, Nev.

We seek Safe Harbor.