Mr. Warren Stanyer reports

NEVADA SUNRISE BEGINS GEOCHEMICAL SURVEY AT CORONADO VMS PROJECT IN NEVADA

Nevada Sunrise Gold Corp. has begun a geochemical sampling program at the Coronado volcanogenic massive sulphide property, located in Pershing county, Nevada, approximately 48 kilometres (30 miles) southeast of Winnemucca. Coronado is located on a geological trend that includes the past-producing Big Mike open pit mine, where high-grade copper was discovered in the 1960s resulting in copper production into the 1970s.

Nevada Sunrise plans to collect approximately 160 soil samples from a grid established across the surface trace of the Coronado South conductor, a strong airborne electromagnetic ("EM") anomaly detected by the Company's helicopter-borne geophysical survey commissioned in 2018 (see Nevada Sunrise news release dated September 26, 2018). Samples will be submitted to Activation Laboratories Ltd. in Ancaster, Ontario for Spatiotemporal Geochemical Hydrocarbons ("SGH") analysis. This initial soil survey program represents the Company's first test of the SGH process, which has been reported to detect buried sulphide mineralization at depths up to 500 metres. Results from the survey will be integrated into the Coronado target matrix for a future drilling program.

A map of the 2020 geochemical sampling program, and additional maps and photos of the Company's previous work at Coronado can be viewed at the company's website.

About Coronado

Coronado currently consists of 133 located unpatented claims totaling approximately 2,748 acres (1,113 hectares) located over an interpreted trend adjacent to the historic Big Mike open pit copper mine that lies within the Middle Pennsylvanian to Late Permian-age Havallah volcanic-sedimentary sequence. The Company's land position controls an important seven mile-long (11.3 kilometres) regional trend along which several volcanogenic massive sulphide showings, one high-grade copper deposit (Big Mike mine) and at least two high priority airborne Versatile Time Domain Electromagnetic anomalies have been identified within the Early Pennsylvanian - early Late Permian Pumpernickel Formation of the Havallah sequence.

The Havallah sequence in general and the Pumpernickel Formation in particular have received little attention for base metals exploration since the 1970s and have been virtually ignored by resource companies operating in Nevada who are focussed only on gold exploration. The lack of an exploration model and failure to utilize modern ground/borehole/ airborne electromagnetic surveying systems may be key reasons why no new VMS discoveries have been made to date in Nevada. The probability that additional high-grade, commercially viable deposits are present within this sequence to the northwest of Big Mike is relatively high when compared to other VMS districts in the world.

Big Mike was discovered in the 1930s when a shallow, oxidized portion (gold-bearing gossan) of the deposit was located by prospectors. The area was explored further in the late 1960s by Cerro Corp. and a deeper (greater than 300 feet, or 91 meters) high-grade, massive sulphide lens was discovered by diamond drilling. The deposit was considered a supergene-enriched, Cyprus-type VMS occurrence. In 1969, Cerro Corp. published a historical resource estimate of 634,000 tons grading 3.41% copper, which included 74,000 tons of massive sulphide ore grading 11.78% copper, and 380,000 tons of oxide and mixed ore grading 3.16% copper.

In 1970, Ranchers Exploration and Development Company ("Ranchers") developed the high-grade portion of Big Mike with an open pit mine that produced approximately 25 million pounds of copper in 100,000 tons of ore grading 10.5% copper, which was shipped directly to smelters in West Germany and Japan. Heap leaching of lower-grade disseminated copper ore was also carried out by Ranchers; approximately 300,000 tons of mineralized rock was treated. Historical sampling also shows the presence of cobalt at Big Mike, with values in the deposit ranging up to 2,500 parts per million (0.25%) cobalt.

Robert M. Allender, CPG, RG, SME, is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained herein. Readers are cautioned that some of the technical information described in this news release is historical in nature; however, the information is deemed credible and was produced by professional geologists of the eras discussed. Mineralization located on adjacent properties by historical exploration may not be present on Coronado.

About Nevada Sunrise

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, USA.

The Company's key gold asset is a 20% interest in a joint venture with New Placer Dome Gold Corp. at the Kinsley Mountain Gold Project near Wendover, with the property subject to a 3.0% net smelter returns royalty.

Nevada Sunrise has the right to earn a 100% interest in the historic Lovelock Cobalt Mine and Treasure Box copper property, each located approximately 150 kilometers (100 miles) east of Reno, both of which are currently under option to Global Energy Metals Corp. who can earn up to an 85% participating interest from the Company. In September 2018, Nevada Sunrise acquired the right to earn a 100% interest in the Coronado VMS Project, located in Pershing County, approximately 48 kilometers (30 miles) southeast of Winnemucca.

Nevada Sunrise owns 100% interests in the Jackson Wash and Gemini lithium projects, both of which are located in Esmeralda County. The Company owns Nevada water right Permit 44411, located within the Clayton Valley basin near Silver Peak, Nevada.

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