Mr. Warren Stanyer reports

NEVADA SUNRISE AMENDS OPTION TO PURCHASE CORONADO COPPER PROJECT, 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 copper property, formerly known as the Coronado VMS (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 for Coronado was announced on Sept. 28, 2018, and was subsequently amended in January, 2022 and December, 2023.

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 in the table below (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.

The amending 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 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.

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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