Mr. Warren Stanyer reports

NEVADA SUNRISE SIGNS AGREEMENT TO SELL THE GEMINI LITHIUM PROJECT

Nevada Sunrise Metals Corp. has executed a purchase and sale option agreement with Dome Rock Resources LLC, a private South Dakota company, whereby Dome Rock has agreed to purchase 223 unpatented lode claims from the company, which represent the core claims of the Gemini lithium project. Gemini is located in the Lida Valley near the town of Gold Point in Esmeralda county, Nevada. Following the closing of the transaction, Nevada Sunrise will retain 26 unpatented lode claims located immediately to the west of the claims.

Details of the Gemini option agreement

The purchase price for a 100-per-cent acquisition of the claims by Dome Rock is $800,000 (U.S.)(approximately $1.1-million) in cash, paid to the company in accordance with the following schedule:

• An initial non-refundable $100,000 (U.S.) deposit was paid within five business days of the execution of the agreement (the effective date);
• A second and final payment of $700,000 (U.S.) to be paid within 120 days of the effective date. The timing of the final payment can be accelerated by the purchaser;
• Nevada Sunrise will retain a 2.0-per-cent net smelter returns royalty for metals and minerals produced from the project, of which one-half (1.0 per cent) can be purchased by Dome Rock for $1.0-million (U.S.).

Nevada Sunrise and Dome Rock have agreed to industry-standard default provisions should Dome Rock not meet the payment obligations listed above. The agreement is subject to the acceptance of 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 gold, copper and lithium exploration projects located in the State of Nevada, USA.

Nevada Sunrise holds the rights to earn 100-per-cent interests in the Griffon gold mine project located approximately 50 kilometres (31 miles) southwest of Ely, Nev., and in the Coronado copper project, located approximately 48 kilometres (30 miles) southeast of Winnemucca, Nev.

Nevada Sunrise owns 100-per-cent interests in the Gemini (currently the subject of an option-to-purchase agreement), Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda county, Nevada. The company owns a 100-per-cent interest in Nevada water right permit 86863, also located in the Lida Valley basin, near Lida, Nev.

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