NEV.V · 2023-03-28 12:00:00

Nevada Sunrise Receives Additional Lithium Analyses - GEM23-04 Mineralization Improves to 1,412 ppm Lithium in Sediments over 1,440 Feet and up to 490 mg/L Lithium in Groundwater at the Gemini Lithium Project, Nevada

Drill Results

Nevada Sunrise Receives Additional Lithium

Analyses - GEM23-04 Mineralization Improves

to 1,412 ppm Lithium in Sediments over 1,440

Feet and up to 490 mg/L Lithium in

Groundwater at the Gemini Lithium Project,

Nevada

VANCOUVER, BC

March 28, 2023

/CNW/ -

Nevada Sunrise Metals Corp.

("Nevada Sunrise", or

the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that the Company has

received final geochemical analyses for lithium mineralization in sediment and groundwater samples

collected from borehole GEM23-04, drilled at its 100%-owned Gemini Lithium Project ("Gemini")

located in the Lida Valley basin in

Esmeralda County, Nevada

. Drilling of borehole GEM23-04 was

completed to a depth of 1,950 feet (594.51 metres), which represents the deepest hole drilled to

date at Gemini.

Highlights of GEM23-04

Borehole

GEM23-04

intersected

1,412.38 parts per million ("ppm") lithium-in-sediment over

1,440 feet

(439.02 metres) from 510 feet (155.49 metres) to 1,950 feet (594.51 metres),

including

3,556.82 ppm lithium over 110 feet

(33.54 metres) and

4,329.60 ppm lithium over

30 feet

(9.15 metres) (see Table 1 below);

Water sample analyses showed additional concentrations of lithium in groundwater flows,

notably a 20 foot (6.1 metre) interval grading

490

milligrams/litre ("mg/L") lithium

(see Table

2 below);

Table 1. Final Results of Lithium-in-Sediment Samples for Borehole GEM23-04

Gemini Lithium Project - GEM23-04

Sediment Sample Results

Interval

Thickness

Lithium

(Weighted

average:

ppm)

From

Feet

Metres

(feet)

(metres)

510

1950

155.49

594.51

1440

439.02

1,412.38

including:

1270

1380

387.20

420.73

110

33.54

3,556.82

including:

1350

1380

411.59

420.73

9.15

4,329.60

and:

1,500

1,950

457.32

585.37

450

137.20

1,665.45

including:

1,520

1,650

463.41

503.05

130

39.63

3,004.58

including:

1,550

1,590

472.56

484.76

12.20

3,453.98

Note:

Sediment samples are a composite of material collected from the rotary splitter in

the

reverse circulation ("RC")

drilling rig, which produces a continuous, representative 3

to 5 kilogram sample for each sample interval.

All depth measurements reported, including sample and interval widths are down-hole. As holes

at Gemini

are oriented vertical

and geologic stratigraphy is primarily horizontal to sub-horizontal, downhole measurements are assumed to be close to true thickness.

Table 2: Final Results of Lithium-in-Water Samples for Borehole GEM23-04

Gemini Lithium Project -

GEM23-04 Water Sample Results

Interval

Thickness

Average

From (ft.)

(ft.)

From (m)

To (m)

Feet

Metres

Lithium

(mg/L)

1,200

1,340

365.85

408.54

140

42.68

116.43

including:

1,200

1,220

365.85

371.95

6.1

180

and:

1,260

1,280

384.15

390.24

6.1

230

and:

1,320

1,340

402.44

408.54

6.1

200

AND:

1,520

1,540

463.41

469.51

6.1

250

AND:

1,620

1,680

493.90

512.20

18.29

180.67

including:

1,660

1,680

506.10

512.20

6.1

320

AND:

1,780

1,880

542.68

573.17

100

30.49

199.64

including:

1,780

1,800

542.68

548.78

6.1

340

and:

1,820

1,840

554.88

560.98

6.1

340

and:

1,860

1,880

567.07

573.17

6.1

310

AND:

1920

1940

585.37

591.46

6.1

490

GEM23-04

was completed at a location approximately 0.73 miles (1.17 kilometres) southwest of

GEM22-01 and 0.65 miles (1.04 kilometres) northwest of GEM22-02, thereby successfully

extending the lithium mineralized zone at Gemini to the west. The Phase 2 drilling program at Gemini

continues with borehole GEM23-05, currently at a depth of approximately 1,510 feet (460.37

metres) as of

March 27, 2023

, collared approximately 1.04 miles (1.67 kilometres) southeast of

borehole GEM23-04, and 0.52 miles (0.83 kilometres) south of borehole GEM22-02.

Gemini Lithium Project Borehole Locations, February-March 2023 (CNW Group/Nevada Sunrise

Metals Corporation)

To date, the Company has intersected significant intervals of lithium mineralization both in sediments

and groundwater in all four holes completed since the inception of drilling, and continues to intersect

the clay layers and groundwater flows that could host additional lithium mineralization. Nevada

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

lithium mineralization and that further drilling could eventually define a large lithium resource. The

Company is enacting its exploration plan to drill deeper holes at Gemini with the goal of: (1)

intersecting wide intervals of lithium-bearing sediments and (2) locating higher concentrations of

lithium-in-water coincident with significant groundwater flow rates.

About the 2022-2023 Gemini Drilling Program

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-bearing sediments and

lithium-in-water in the western Lida Valley, which was not historically drill tested for lithium

mineralization (see Nevada Sunrise news releases dated

May 18, 2022

and

June 6, 2022

Borehole GEM22-03, drilled to 1,620 feet (493.9 metres) intersected the same sequence of volcanic

ash sediments as was found in GEM22-01 and GEM22-02, and similar geologic formations are

observed in borehole GEM23-04, and GEM23-05, still in progress.

July 2022

, Nevada Sunrise received a permit for an expanded drilling area from the Bureau of

Land Management (the "BLM") good until

July 2024

and began Phase 2 drilling at Gemini in October

2022.

For further information on Gemini, including drill hole location maps and photos

click here

About Gemini

Gemini consists of 582 unpatented placer and lode claims 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 Bureau of Land Management

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 brine projects in

Nevada

Sampling and Analytical QA/QC and Statement of Qualified Person

Sediment Sample Collection and Analysis

Sediment samples described in this new release are a composite of material collected from the

rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram

sample for each sample interval. Samples were submitted to American Assay and ALS Global

USA

Reno, NV

and were analyzed utilizing a multi-element ICP-AES method. Specifically, the analytical

method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP)

technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental

concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular

intervals in the sample stream to ensure accuracy of the analytical method.

Water Sample Collection and Analysis

Water parameters including TDS, conductivity, temperature, and pH values were obtained in the field

by direct measurement with a handheld YSI556 Multi-parameter water meter, which meets Good

Laboratory Practice (as proscribed by the Organization for Economic Cooperation and

Development) for calibration and measurement.

Groundwater samples were collected at 20-foot (6.1-metre) intervals and sent to Western

Environmental Testing Laboratory in

Reno

, Nevada under project chain-of-custody protocols for

analysis. Industry standard methods for examination of water are employed by the laboratory.

General chemistry testing may include analysis for specific gravity, total hardness, total alkalinity,

bicarbonate, carbonate, hydroxide, total dissolved solids (TDS) and electrical conductivity. Lithium is

analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) methods.

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

approved by

Robert M. Allender, Jr.

, CPG, RG, SME and 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 gold, copper, cobalt and lithium exploration projects

located in the

State of Nevada, USA

Nevada Sunrise owns 100% interests in the Gemini,

Jackson Wash

and Badlands lithium projects, 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

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.

The Company owns a 15%

interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located

approximately 150 kilometers (100 miles) east of

Reno, NV

, with Global Energy Metals Corp.

holding an 85% participating interest.

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 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 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 Three Months ending

December

31, 2022

, 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/March2023/28/c7256.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 28-MAR-23

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