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Nevada Sunrise Provides Lithium-Mineralized Clays for Super Critical Carbon Dioxide Extraction Testing, Gemini Lithium Project, Nevada

Metallurgy & Processing

Nevada Sunrise Provides Lithium-Mineralized

Clays for Super Critical Carbon Dioxide

Extraction Testing, Gemini Lithium Project,

Nevada

VANCOUVER, BC

,

Sept. 26, 2023

/CNW/ -

Nevada Sunrise Metals Corp.

("Nevada Sunrise", or

the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that a novel form of

metallurgical testing is underway on lithium mineralization from its 100%-owned Gemini Lithium

Project ("Gemini") in

Nevada

, utilizing super critical carbon dioxide as a leaching agent. A new patent

granted by the U.S. Patent and Trademark Office in

August 2023

to the Company's consultant,

Willem Duyvesteyn

, M.Sc. of Extractive Metallurgy Consultants LLC of

Reno, Nevada

("EMC"), is

currently being tested on Gemini clay mineralization. EMC's patented process could revolutionize the

extraction of lithium from clay deposits by offering a "green" processing method while at the same

time providing in-ground sequestration of captured carbon dioxide ("carbon capture").

About Super Critical Carbon Dioxide

Super critical carbon dioxide ("scCD" or "sc CO

2

") is used extensively in chemical industries,

including, for example, for the production of decaffeinated coffee and various plant oils and extracts.

Carbon

dioxide ("CO

2

") reaches a supercritical state at 1,071 pounds per square inch (75.299

kg/cm

2

) pressure and a temperature of 87.98° F (31.1° C), whereupon it attains the properties of

both liquid and gas and can be utilized as a fast-acting solvent. Most importantly, scCD has been

extensively investigated for the sequestration of CO

2

in various geological formations, including clay-

type deposits.

It is commonly believed that lithium present in clay or "claystone" deposits is held in the interlayer

between the silica sheets of clays, such as smectite (hectorite), or illite (tainiolite) and is not very

strongly bound. In the scCD extraction process proposed by EMC, CO

2

is converted to bicarbonate

and this anion is readily picked up by the freed lithium ion, forming a water-soluble lithium

bicarbonate. The resulting lithium bicarbonate compound is much more soluble than lithium

carbonate. Some water in the interlayer will be displaced by CO

2

and therefore will provide

opportunities to sequester CO

2

, thus providing an environmentally-friendly method of lithium

extraction while establishing a unique form of carbon capture.

Stylized Model of a Super Critical CO2 Extraction Process (CNW Group/Nevada Sunrise Metals

Corporation)

While the initial focus of the scCD testing is on the

ex-situ

, or off-site, processing of lithium-bearing

clays, EMC has also identified the opportunity to use an

in-situ

approach employing freeze walls to

contain the CO

2

in a section of a lithium-bearing clay deposit while implementing carbon capture of

the CO

2

used during the lithium extraction process.

Results of the scCD testing of Gemini lithium-in-clay mineralization are expected in Q4 2023.

About Gemini

Gemini consists of 291 unpatented claims on Bureau of Land Management land covering

approximately 5,600 acres (2,266 ha.) located in the western Lida Valley,

Esmeralda County

,

approximately 6 miles (10 kilometres) east of the town of Lida,

Nevada

. The Lida Valley is a flat,

arid basin with a similar geological setting to the better-known

Clayton Valley

basin where Albemarle

Corporation operates the Silver Peak lithium brine mine, which has operated continuously since

1966.

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a BLM land reserve set aside for

solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the

Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of

lithium projects in

Nevada

.

In March and

April 2022

, Nevada Sunrise drilled two RC boreholes for a total of 2,020 feet (615.85

metres) in its maiden drilling program at Gemini. The drill sites were located within a defined gravity

low that hosts conductive layers detected by historical ground electromagnetic surveys. The results

from the first two holes at Gemini represented a new discovery of lithium mineralization in the

western Lida Valley, which was not historically drill tested for lithium (see Nevada Sunrise news

release dated

May 18, 2022

). In

July 2022

, Nevada Sunrise received a permit for an expanded

drilling area from the Bureau of Land Management and began Phase 2 drilling at Gemini in October

2022. Three additional boreholes were completed from

October 2022

to

April 2023

, with each

intersecting lithium mineralization (see Nevada Sunrise news release dated

May 24, 2023

).

Nevada Sunrise believes that the southern and western parts of the Gemini basin are highly

prospective for additional lithium mineralization and that further drilling could eventually define a large

lithium resource. The Company has engaged ABH Engineering Inc. of

Surrey, BC

,

Canada

to

calculate a National Instrument 43-101-compliant resource estimate leading to a Preliminary

Economic Assessment of the lithium-bearing zones at Gemini.

Initial metallurgical tests carried out by Nevada Sunrise achieved a 90.2% lithium extraction rate from

the Gemini clay mineralization, a rate which compares favorably with the average lithium extraction

of 84% reported by Lithium Americas at its

Thacker Pass

lithium project (

Source: Feasibility Study,

National Instrument 43-101 Technical Report for the Thacker Pass Project,

Humboldt County,

Nevada

, USA, by Roth, D., et al, dated

November 2, 2022

). Follow-up testing of the resulting leach

solutions at the facilities of McClelland Laboratories Inc. in

Sparks, Nevada

produced a sample that

was near-100% lithium carbonate (see Nevada Sunrise news release dated

July 31, 2023

).

For further information on Gemini, including maps and photos

click here

Statement of Qualified Person

The scientific and technical information contained in this news release has been reviewed and

approved by

Willem Duyvesteyn

, M.Sc., who is a Qualified Person for Nevada Sunrise as defined in

National Instrument 43-101 –

Standards of Disclosure

for Mineral Projects

.

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 lithium, gold, and copper exploration projects located

in the

State of Nevada, USA

.

Nevada Sunrise owns 100% interests in the Gemini,

Jackson Wash

and Badlands lithium projects,

with no applicable royalties, all of which are located in the Lida Valley in

Esmeralda County, NV.

The

Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near

Lida, NV.

The Company's key gold asset is a 20.01% interest in a joint venture at the Kinsley Mountain Gold

Project near

Wendover, NV

with CopAur Minerals Inc. Kinsley Mountain is a Carlin-style gold project

hosting a National Instrument 43-101 compliant gold resource consisting of

418,000 indicated

ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold

averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au

1

.

The Company has elected not to contribute to the 2023 exploration program at Kinsley Mountain and

projects to incur dilution of its participating interest in the joint venture to an approximate 19.0%

interest.

1

Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and

Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (

www.sedar.com

).

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

approximately 48 kilometers (30 miles) southeast of

Winnemucca, NV.

Website:

www.nevadasunrise.ca

FORWARD LOOKING STATEMENTS

This release may contain forward

–

looking statements. Forward looking statements are statements

that are not historical facts and are generally, but not

always, identified by the words "expects",

"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar

expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and

include disclosure of anticipated exploration activities. Although the Company believes the

expectations expressed in such forward

–

looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results may

differ materially from those in forward looking statements. Forward

–

looking statements are based

on the beliefs, estimates and opinions of the Company's management on the date such statements

were made. The Company expressly disclaims any intention or obligation to update or revise any

forward

–

looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the results and outcomes of the Company's

2022-2023 exploration activities and future plans at the Gemini Lithium Project; reliance on

technical information provided by third parties on any of our exploration properties; changes in

project parameters as plans continue to be refined; current economic conditions; future prices of

commodities; possible variations in grade or metallurgical 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 Nine

Months ending

June 30

, 2023, which is available under Company's SEDAR profile at

www.sedar.com

.

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.

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 or

accuracy of this release.

SOURCE

Nevada Sunrise Metals Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2023/26/c4558.html

%SEDAR: 00026824E

For further information:

Warren Stanyer, President and Chief Executive Officer, email:

[email protected], Telephone: (604) 428-8028 or Jason Powell, Corporate

Communications, email: [email protected], Telephone: (604) 779-6497

CO: Nevada Sunrise Metals Corporation

CNW 07:30e 26-SEP-23