Mr. Warren Stanyer reports

NEVADA SUNRISE ACQUIRES NEPTUNE LITHIUM PROPERTY IN NEVADA

Nevada Sunrise Gold Corp. has entered into a definitive agreement for an option to purchase the Neptune property located in the Clayton Valley, Esmeralda county, Nevada, United States.

For an option to purchase a 100-per-cent interest in Neptune, Nevada Sunrise has agreed to issue to the vendors up to one million common shares of the company, with 200,000 common shares to be issued upon execution of the agreement and TSX Venture Exchange acceptance of the agreement, and further share issuances on subsequent anniversaries of the effective date of the agreement, as follows:

• First anniversary: 300,000 common shares;
• Second anniversary: 500,000 common shares.

Neptune consists of a block of 39 unpatented association placer claims totalling approximately 3,120 acres (1,263 hectares). A 1.5-mile (2.25 kilometres) area of interest applies to the property.

Neptune is subject to a 3.0-per-cent gross-overriding royalty. On the third anniversary of the signing of a definitive agreement, Nevada Sunrise would have the right to purchase 1.0 per cent of the GOR for $1-million (U.S.).

Nevada Sunrise believes Neptune has the potential to host lithium-bearing brines in subterranean aquifers beneath the Clayton Valley floor. Historical exploration reports obtained by Nevada Sunrise indicate that geologic formations and structures exist at Neptune that are similar to lithium-bearing brine deposit models present elsewhere in the Clayton Valley. Drilling up to three vertical holes between 400 to 500 metres deep into the interpreted basin and analyzing any groundwater encountered is considered to be the next step for exploration at Neptune.

About Neptune and the Clayton Valley

Neptune (formerly known as the Clayton Deep property) is located approximately 37 miles (55 kilometres) southwest of Tonopah, Nev., in an active area of lithium exploration and mining. The Silver Peak lithium mine, now owned by Albemarle Corp., has extracted lithium minerals from brines continuously since 1966, approximately 10 miles (15 kilometres) to the north of the property. Pure Energy Minerals Ltd., a Canadian-based exploration company, has recently published a technical report on an inferred lithium resource for its Clayton Valley South project located near the Silver Peak mine.

In 2013, the USGS released a paper describing the Clayton Valley's potential to host lithium deposits based on the hypothesis that lithium is liberated by weathering of host rocks or derived from hydrothermal fluids from a variety of rock sources within a closed basin. The floor of Clayton Valley has an area of about 100 square kilometres and a catchment of about 1,400 square kilometres, and is the topographically lowest of at least five adjacent basins that are hydrologically linked by groundwater flow (Zampirro, 2004). It is the combined area of all five linked catchments that matters, making the effective area of the Clayton Valley lithium-brine system much larger than the footprint of the Clayton Valley proper (source: from USGS Open File 13-1006, 2013).

John R. Kerr, PEng, 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 in this news release.

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