Mr. Warren Stanyer reports

NEVADA SUNRISE FILES NI 43-101 TECHNICAL REPORT ON MAIDEN RESOURCE ESTIMATE OF 7.1 MILLION TONNES LCE FOR ITS GEMINI LITHIUM PROJECT, NEVADA

Nevada Sunrise Metals Corp. has filed a National Instrument 43-101-compliant technical report entitled "NI 43-101 technical report, resource estimate for Gemini lithium project, Esmeralda county, Nevada," effective Jan. 15, 2024, and dated March 8, 2024, on SEDAR+ and on the company's website.

The technical report relates to an independent maiden resource estimate at the Gemini lithium project completed by ABH Engineering Inc. of Surrey, B.C., Canada. There are no material differences in the inferred mineral resource reported in the company's news release of Jan. 23, 2024, and that as described in the technical report.

The resource estimate addresses the work performed by the company at Gemini since ground exploration by Nevada Sunrise began in 2016, and particularly describes the results of the first five drill holes completed in 2022 to 2023. The majority of the Gemini property remains untested by drilling, and remains open in all directions and at depth. The inferred resource estimate comprises, in an open-pit-constrained resource:

• Approximately 1.3 million tonnes (Mt) lithium (Li), or 7.1 million tonnes lithium carbonate equivalent (LCE) contained within 1.2 billion tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million (ppm) lithium;
• Lithium cut-off values of 400 ppm lithium and density of 1.7 grams per cubic centimetre (g/cm3) were used;
• Model constraints: Faults 3 and 4 -- a conceptualized 24-degree pit-slope, modelled from property boundaries, using a benchmark 24-degree pit-slope from several other Nevada lithium clay deposits.

In January, 2024, Nevada Sunrise staked an additional 73 unpatented lode claims at Gemini, increasing the area of the project to approximately 2,951 hectares (7,293 acres) contained within 353 lode claims. The company is currently reviewing the technical report in order to effectively plan a 2024 program and budget for Gemini.

About the technical report

The Gemini inferred resource estimate was based on geochemical analyses for lithium from samples of material collected from the rotary splitter in the reverse circulation drilling rigs contracted by the company, which produced a continuous, representative, three-kilogram-to-five-kilogram sample for each sample interval (see Nevada Sunrise's news releases dated April 21, 2022, April 28, 2022, May 18, 2022, and May 24, 2023). Results of the drilling proved the existence of clays mineralized with lithium, exhibiting very good geological continuity -- the inferred resource was calculated for lithium carbonate hosted in the clays.

Drilling to date has tested only a small portion of the project area within 844 acres (342 hectares), which represents approximately 12 per cent of the area covered by Gemini's current area of 7,293 acres (2,951 hectares) of Bureau of Land Management unpatented lode claims.

The technical information contained in this news release has been reviewed and approved by Damir Cukor, PGeo, who is a qualified person with respect to Nevada Sunrise's Gemini lithium project, as defined under National Instrument 43-101.

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 has diluted its participating interest in the joint venture from 20.01 per cent to an 18.74-per-cent interest.

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

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