NEV.V · 2024-07-11 12:00:00

Nevada Sunrise Initiates Data Review to Develop New Drill Targets at the Coronado Copper Project, Nevada

Exploration Programs

Nevada Sunrise Initiates Data Review to

Develop New Drill Targets at the Coronado

Copper Project, Nevada

VANCOUVER, BC

July 11, 2024

/CNW/ -

Nevada Sunrise Metals Corporation

(TSXV: NEV)

(OTCBB: NVSGF)

("Nevada Sunrise"

or the

"Company")

is pleased to announce that the

Company has initiated a geological and geophysical data review on its Coronado Copper Project

Coronado

", or the "

Project

") located in

Pershing County, Nevada

, approximately 48 kilometers

(30 miles) southeast of

Winnemucca

. The purpose of the

Coronado

data review is to identify new,

shallow drill targets in an area of the Project where historical drilling in 1976 identified high-grade

copper mineralization.

Highlights of the Coronado Copper Project

Coronado

is located in an underexplored region that hosts a past-producing volcanogenic

massive sulphide ("VMS") deposit known as Big Mike, where high-grade copper was mined in

the early 1970s (see Figure 1 below: photo of Big Mike mineralization in a grab sample

collected by the Company in 2018);

VMS deposits such as Big Mike are often found in "chains" or "clusters" along zones of

structural weakness, where such deposits may be buried under overburden and exhibit no

surface exposure – only one VMS deposit has been discovered to date in the Project area;

Nevada Sunrise plans to explore a new target area in the northern part of

Coronado

known as

the Red Metal prospect, where Utah International intersected shallow, high-grade copper

mineralization in 1976 drill hole C-1, which reportedly returned

1.84% copper over 10.98

metres (36 feet) from 39.9 metres (131 feet) to 50.9 metres (167 feet)

;

The Company is commissioning a new desktop study of its

Coronado

2018 Versatile Time

Domain Electromagnetic ("VTEM

") data using a computer modeling process to determine the

Airborne Inductive Induced Polarization ("AIIP") effect, which can measure chargeability of

potential sulphide minerals and add to the interpretation of conventional airborne

electromagnetic ("EM") data. Other geophysical anomalies were observed in the 2018 airborne

survey data, which Nevada Sunrise plans to investigate on the ground.

Fig. 1: Sample BM-07: Big Mike High-Grade VMS Mineralization – 17.48% Copper, 0.20% Cobalt

(“cp” = Chalcopyrite, “cc” = Chalcocite, “py” = Pyrite) (CNW Group/Nevada Sunrise Metals

Corporation)

Source: DeMatties, Theodore A. (2024) Reassessment of the Big Mike Copper-Cobalt Volcanogenic Massive Sulfide Deposit (VMS): Implications for Further Exploration in the

Late Paleozoic Havallah Ophiolite Sequence, North-Central Nevada, USA. Int. J. Earth Sci and Geophys, 10:074

2024 Coronado Exploration Plans

Nevada Sunrise plans to carry out an AIIP effect study by Geotech Ltd. ("Geotech") on the 2018

Coronado VTEM

airborne survey data. AIIP chargeability mapping opens new avenues in mineral

exploration for airborne time domain electromagnetic systems in the search for sulphides, especially

in terrain with substantial overburden that can mask conventional electromagnetic responses. Other

geophysical anomalies observed in the Company's 2018 airborne data are being reviewed, including

the "Mikey" target, located approximately 600 metres (2,000 feet) southeast of the historic Big Mike

open pit mine.

Geotech also offers Structural Complexity ("SC") analysis of historical VTEM

data using a method

introduced by Kovesi (1997). SC is an important exploration parameter for structurally-controlled

mineral deposits (Groves et al., 2018). Linear structures such as magnetic ridges from positive

magnetic linear anomalies can be mapped and interpreted using the Centre for Exploration Targeting

(University of

Western Australia

grid analysis module), a process which could provide valuable

insight in the structural complexity at

Coronado

Nevada Sunrise plans to carry out a prospecting and geological mapping and sampling survey over

significant geophysical anomalies identified from the AIIP modelling program. Any identified

geophysical anomalies will be gridded and sampled with a soil gas hydrocarbon ("SGH") survey, an

economical soil sampling method developed by Activation Laboratories of

Ancaster, ON

Canada

which is known to detect subtle geochemical anomalies over buried mineral deposits. In conjunction

with newly-acquired geophysical data, SGH could assist in the development of new drill targets in

Coronado's

underexplored terrain.

The Company holds an active drill permit for

Coronado

, which is good until

October 2024

About

Coronado

currently consists of 152 unpatented claims totaling approximately 3,040 acres (1,230

hectares) located over an interpreted trend adjacent to the historic Big Mike 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 high-priority airborne VTEM

anomalies have been identified within the Early Pennsylvanian–

early Late Permian Pumpernickel Formation of the Havallah sequence.

In 1970, Ranchers Exploration and Development Company ("Ranchers") developed the high-grade

portion of Big Mike and 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 (

Source:

Rye et al, Economic Geology, Vol. 79, 1984

Nevada Sunrise optioned the Project from local vendors in 2018 and has carried out exploration in

several campaigns including a high-resolution airborne VTEM

survey, a follow-up ground gravity

survey, an SGH geochemical survey, and a total of three diamond drill holes in 2018 and 2020.

The Company's 2018 airborne EM survey outlined a strong conductive system located within

favourable geology in conjunction with an SGH anomaly, supporting the Company's belief that VMS

deposits could be present at the Project (see Nevada Sunrise news release dated

October 8, 2020

). The U.S. Bureau of Land Management has approved nine drill hole locations throughout the

Project, where each location can host multiple holes. In the drill testing performed by the Company

to date, difficult ground conditions hampered the effectiveness of the three drill holes, none of which

provided a definitive test of the targeted geophysical anomaly at Coronado South.

To view maps and photos depicting the Company's exploration activities at

Coronado

click here

National Instrument 43-101 Disclosure

Theodore A. DeMatties

, CPG, PG, a geological consultant to Nevada Sunrise, 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. Geochemical results for

the Big Mike grab sample were produced by Bureau Veritas Mineral Laboratories in

Vancouver, BC

Canada

, by Aqua Regia digestion and Ultratrace ICP-MS analysis, and gold results by fire assay

with AAS finish. 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 and mining operations 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, BC

Canada

, that holds interests in copper, lithium and gold exploration projects located

in the

State of Nevada, USA

, one of the best mining jurisdictions in the world (

Fraser Institute, 2023

The Company's key gold asset is a 18.74% interest in a joint venture with CopAur Minerals Inc. at

the Kinsley Mountain Gold Project near

Wendover, NV

, where a N.I. 43-101-compliant resource has

been outlined by historical drilling carried out by Liberty Gold Corp. and New Placer Dome Gold

Corp. from 2011 to 2020.

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located

approximately 48 kilometers (30 miles) southeast of

Winnemucca

Nevada Sunrise owns 100% interests in the Gemini,

Jackson Wash

and Badlands lithium projects, all

of which are located in the Lida Valley of

Esmeralda County

. The Company owns Nevada water right

Permit 86863, located within the Lida Valley basin near Gold Point,

Nevada

Website:

www.nevadasunrise.ca

Forward Looking Statements:

All statements in this release, other than statements of historical fact, are "forward-looking

information" with respect to Nevada Sunrise Metals Corporation ("Nevada Sunrise") within the

meaning of applicable Canadian securities laws, including statements that address future mineral

production, reserve potential, exploration drilling, the future price of copper, gold and other metals,

potential quantity and/or grade of minerals, potential size of a mineralized zone, potential

expansion of mineralization, the timing and results of current or future mineral resource estimates

or other studies, proposed exploration and development of our exploration properties and the

estimation of historical mineral resources on properties adjacent to the Company's mineral

properties, including the

Coronado

property. Forward-looking information is often, but not always,

identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect",

"project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions,

or describes a "goal", or variation of such words and phrases or state that certain actions, events

or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. These

statements involve known and unknown risks, uncertainties and other factors which may cause the

actual results, performance or achievement of Nevada Sunrise to differ materially from those

anticipated in such forward-looking information.

Such factors include, among others, risks related to the actual results of drilling and other

exploration at the

Coronado

property, reliance on technical information provided by third parties on

any of our exploration properties, including access to and interpretation of historical information on

the

Coronado

property as well as specific historical data associated with drill results and sampling

from adjacent areas to the

Coronado

property; information from the public domain, current

exploration and development activities; changes in project parameters as plans continue to be

refined; current economic conditions;

future prices of commodities; possible variations in grade or

recovery rates; failure of equipment or processes to operate as anticipated; the failure of

contracted parties to perform; labor disputes and other risks of the mining industry; delays due to

pandemic; delays in obtaining governmental approvals, financing or in the completion of

exploration, as well as those factors discussed

in the section entitled "Risk Factors" in the

Company's Management Discussion and Analysis for the Six Months ended

March 31, 2024

which is available under Company's SEDAR profile at

www.sedarplus.ca

Although Nevada Sunrise has attempted to identify important factors that could cause actual

actions, events or results to differ materially from those described in forward-looking information,

there may be other factors that cause actions, events or results not to be as anticipated, estimated

or intended. There can be no assurance that such information will prove to be accurate as actual

results and future events could differ materially from those anticipated in such statements. Nevada

Sunrise disclaims any intention or obligation to update or revise any forward-looking information,

whether as a result of new information, future events or otherwise. Accordingly, readers should not

place undue reliance on forward-looking information.

Forward-looking statements are made as of the date hereof and accordingly are subject to change

after such date. Except as otherwise indicated by Nevada Sunrise, these statements do not reflect

the potential impact of any non-recurring or other special items or of any dispositions,

monetizations, mergers, acquisitions, other business combinations or other transactions that may

be announced or that may occur after the date hereof. Forward-looking statements are provided for

the purpose of providing information about management's current expectations and plans and

allowing investors and others to get a better understanding of our operating environment. Nevada

Sunrise does not undertake to update any forward-looking statements that are included in this

document, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of

accuracy of this release.

SOURCE

Nevada Sunrise Metals Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/July2024/11/c5052.html

%SEDAR: 00026824E

For further information:

For Further Information Contact: Warren Stanyer, President and Chief

Executive Officer,

mail: [email protected]

Telephone: (604) 428-8028; or Jason

Powell, Corporate Communicationsemail: [email protected]

Telephone: (604) 779-

6497

CO: Nevada Sunrise Metals Corporation

CNW 07:30e 11-JUL-24

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