Mr. Warren Stanyer reports

NEVADA SUNRISE ANNOUNCES DEBT SETTLEMENT

Nevada Sunrise Gold Corp. has agreed to settle an aggregate of $66,149.38 in outstanding payables and debt owing to directors and current and former officers of the company through the issuance of 529,195 common shares at a deemed price of 12.5 cents per share.

Because the shares will be issued to directors and officers of the company, the debt settlement will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), which is incorporated into Policy 5.9 of the TSX Venture Exchange corporate finance manual.

The board of directors of the company has determined that neither the value of the shares issued to, nor the aggregate debt settled with respect to, any directors or officers of the company in connection with the debt settlement will exceed 25 per cent of the company's market capitalization on the date hereof. As a result, the debt settlement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Completion of the debt settlement is subject to the approval of the TSX-V. Shares issued in connection with the debt settlement will be subject to a four-month hold period in accordance with applicable securities laws.

About Nevada Sunrise Gold 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, cobalt and lithium exploration projects located in the state of Nevada, United States.

The company's key gold asset is a 20-per-cent interest in a joint venture with New Placer Dome Inc. at the Kinsley Mountain gold project near Wendover, with the property subject to a 3.0-per-cent net smelter return royalty.

We seek Safe Harbor.