Mr. Warren Stanyer reports

NEVADA SUNRISE RECEIVES US$300,000 FOR THE SALE OF NON-CORE CLAIMS AT THE GEMINI LITHIUM PROJECT, NEVADA

Nevada Sunrise Metals Corp. has completed a purchase and sale agreement with Dome Rock Resources LLC, a private South Dakota company, whereby Dome Rock has purchased 57 non-core claims from the company. The claims are located along the eastern boundary of the Gemini lithium project in the Lida Valley near the town of Gold Point in Esmeralda county, Nevada. Following the closing of the transaction, Nevada Sunrise staked an additional 33 claims in the Lida Valley to the north of the Gemini claims.

The western boundary of the claims sold in the transaction is approximately two kilometres (1.33 miles) to the east of the company's National Instrument 43-101-compliant lithium resource area calculated in 2024, representing approximately 20 per cent of the total project area. The purchase price for the acquisition of the claims by Dome Rock was $300,000 (U.S.) in cash, which has been received in full by Nevada Sunrise.

In late November, 2024, Dome Rock paid a non-refundable cash deposit of $25,000 (U.S.) and entered into a 30-day period in which it carried out customary due diligence for a transaction of this nature. Following completion of due diligence by Dome Rock, the transaction closed in late December, 2024. A finder's fee of 5.0 per cent in cash totalling $15,000 (U.S.) was paid to an arm's-length party for making the introduction to Dome Rock that led to a successful closing of the transaction.

About Gemini

Gemini consists of 291 unpatented mineral claims located in the western Lida Valley, Esmeralda county, approximately six miles (10 kilometres) east of the town of Lida and three miles (4.5 kilometres) north of Gold Point, Nev. The Lida Valley is a flat, arid basin with a similar geological setting to the 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 water right, a prerequisite for the exploration and development of mineral projects in Nevada.

Development of the Gemini lithium resource estimate

In March and April, 2022, Nevada Sunrise drilled two reverse circulation boreholes for a total of 2,018 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).

In March, 2024, Nevada Sunrise 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 Gemini completed by ABH Engineering Inc. of Surrey, B.C., Canada.

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 and 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 lithium, or 7.1 million tonnes lithium carbonate equivalent contained within 1.2 billion tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million lithium;
• Lithium cut-off values of 400 ppm lithium and density of 1.7 grams per cubic centimetre 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.

About the Gemini resource estimate 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- to five-kilogram sample for each sample interval (see Nevada Sunrise 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 15 per cent of the area covered by Gemini's current size of approximately 5,765 acres (2,330 hectares) of unpatented Bureau of Land Management mineral 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 NI 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 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.

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

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