Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES SECOND AMENDMENT TO OPTION AGREEMENT FOR CORONADO VMS PROPERTY IN NEVADA

Nevada Sunrise Metals Corp. has negotiated an amendment to the terms of an option agreement whereby the company has the right to purchase a 100-per-cent interest in the Coronado volcanogenic massive sulphide property, located in the Tobin Sonoma range of Pershing county, Nevada, approximately 30 miles (48 kilometres) southeast of Winnemucca. A definitive agreement was announced on Sept. 28, 2018, and a first amendment to the agreement was announced on Jan. 31, 2022.

Details of the Coronado amended option agreement terms

Nevada Sunrise retains the right to acquire a 100-per-cent interest in Coronado, subject to a 2.0-per-cent net smelter return royalty, with certain buydown provisions, in consideration for the amended cash and share payments to the vendors and minimum exploration expenditures as described herein (all dollar amounts listed are in U.S. dollars).

Nevada Sunrise retains the right to accelerate the timing of cash and share payments to the vendors at its discretion. If minimum exploration expenditures, which include property maintenance costs, are exceeded in any year, the excess expenditures will be credited to a succeeding year. An advance royalty payment of $500,000 would be payable to the vendors upon completion of a feasibility study.

The second amendment to the agreement for Coronado is subject to acceptance by 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, 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 an 18.74-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 gold (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).

(1) Technical report on the Kinsley project, Elko county, Nevada, USA, 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 project, located approximately 48 kilometres (30 miles) southeast of Winnemucca, Nev.

We seek Safe Harbor.