NEV.V · 2021-01-11 12:00:00

Nevada Sunrise Reports 10.22 Grams/Tonne Gold over 6.1 Metres Intersected at Kinsley Mountain Gold Project in Nevada

Drill Results

Nevada Sunrise Reports 10.22 Grams/Tonne

Gold over 6.1 Metres Intersected at Kinsley

Mountain Gold Project in Nevada

TSX Venture Exchange: NEV

VANCOUVER, BC

Jan. 11, 2021

/CNW/ -

Nevada Sunrise Gold Corp. ("Nevada Sunrise",

or the

Company

") (TSXV: NEV) is pleased to report that its joint venture partner, New Placer Dome Gold

Corp. ("

New Placer Dome

") has provided assay results for the initial nine (9) reverse circulation

("RC") drill holes completed during 2020 at the Kinsley Mountain Gold Project ("Kinsley Mountain")

located near

Wendover, Nevada

. Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain

joint venture, with New Placer Dome, as operator, holding a 79.99% interest.

The recently completed 2020 Kinsley Mountain RC and diamond drill campaign comprised

forty-

nine (49) drill holes totaling 17,970 metres

(39 RC holes for 13,610 metres, and 10 diamond drill

holes for 4,360 metres). A total of five (5) target areas were tested during the 2020 drill program

including the: Western Flank Zone, Secret Spot, Shale Saddle, KNW Fault, and Main Pit North

areas. Drill hole locations were selected to test extensions to existing resource areas as well as

undrilled, high-conviction targets. Assay results from the remaining 40 holes are still pending.

Highlights of the initial nine RC drill holes are listed below, and in Table 1 following:

2.63 g/t Au (sulphide) over 38.10 metres; including 10.22 grams/tonne gold (g/t Au)

(sulphide) over 6.10 metres in KMR20-017;

3.38 g/t Au (oxide) over 21.34 metres; including 5.78 g/t Au over 6.10 metres in KMR20-

016;

5.15 g/t Au (oxide) over 10.67 metres in KMR20-004

;

4.83 g/t Au (sulphide) over 6.10 metres and 1.74 g/t Au (sulphide) over 7.62 metres in

KMR20-008; and

1.15 g/t Au (sulphide) over 6.10 metres in KMR20-007;

1.19 g/t Au (oxide) over 16.76 metres in KMR20-005

;

and

0.51 g/t Au (oxide) over 18.29

metres in KMR20-006

"These initial results from the 2020 drilling program show that the area of high-grade gold

mineralization at Kinsley Mountain continues to grow," said

Warren Stanyer

, President & CEO of the

Company. "We congratulate New Placer Dome on completing their inaugural drilling program on the

near surface oxide and deep high-grade sulphide environments at Kinsley, and look forward to

receiving more assay results in the weeks to come."

Kinsley Mountain - 2020 Drill Holes and Exploration Targets (CNW Group/Nevada Sunrise Gold

Corporation)

For more information on Kinsley Mountain, including project history, maps, drill sections, and photos,

please visit the Nevada Sunrise website at:

Nevada Sunrise Gold Corp

Table 1. Kinsley Mountain Gold Project - 2020 Significant Drill Intercepts

Hole ID

Zone

From (m)

To (m)

Interval (m)

Au (g/t)

CN Soluble Au Recovery

(%)

(Dip/Azimuth)

KMR20-004

Western Flank

Extension Target

260.60

271.27

10.67

5.15

69%

(-68/160)

including

265.18

269.75

4.57

8.12

74%

KMR20-005

KNW Fault

22.86

39.62

16.76

1.19

86%

(-70/235)

KMR20-006

KNW Fault

19.81

38.10

18.29

0.51

81%

(-50/235)

KMR20-007

Western Flank

283.46

289.56

6.10

1.15

Sulphide

(-75/280)

KMR20-008

Western Flank

294.13

300.23

6.10

4.83

Sulphide

(-83/305)

and

310.90

318.52

7.62

3.07

Sulphide

KMR20-009

Western Flank

283.46

295.66

12.19

1.74

Sulphide

(-70/110)

KMR20-015

Western Flank

No significant intercepts

(-85/225)

KMR20-016

Western Flank

309.37

330.71

21.34

3.38

73%

(-85/235)

including

316.99

323.09

6.10

5.78

100%

KMR20-017

Western Flank

320.04

358.14

38.10

2.63

Sulphide

(-75/320)

including

326.14

332.23

6.10

10.22

Sulphide

True widths of the mineralized intervals are interpreted to be between 60-90% of the reported lengths.

Drill composites were calculated using a minimum cut-off of 0.20 g/t gold.

Sulphide

" defined as CN soluble gold recovery of <50%.

Methodology and QA/QC

The analytical work reported on herein was performed by ALS Global ("ALS") in

Vancouver,

Canada

. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory

and is independent of New Placer Dome, Nevada Sunrise and the respective Qualified Persons for

each company. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm,

followed by pulverizing of a 250-gram split to 85% passing 75 microns. Gold determination was

via standard 30-gram fire-assay (FA) analysis with atomic absorption spectroscopy (AAS) finish, in

addition to 51-element ICP-MS geochemistry. Samples returning greater than 10 g/t Au are subject

to gravimetric finish. Gold values returning greater than 0.1 g/t Au are also subject to leach analysis

where the sample is treated with a 0.25% NaCN solution and rolled for an hour. An aliquot of the

final leach solution is then centrifuged and analyzed by AAS.

As operator at Kinsley Mountain, New Placer Dome follows industry standard procedures for the

work carried out the Project, with a quality assurance/quality control (QA/QC) program. Blank,

duplicate and standard samples were inserted into the sample sequence sent to the laboratory for

analysis. New Placer Dome detected no significant QA/QC issues during review of the data. Nevada

Sunrise is not aware of any drilling, sampling, recovery or other factors that could materially affect

the accuracy or reliability of the data referred to herein.

Qualified Person

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

. Mr.

Allender has verified the data disclosed, which includes a review of the sampling, analytical and test

data underlying the information and opinions contained herein.

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

The Company's key gold asset is a 20% interest in a joint venture with New Placer Dome Gold

Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near

Wendover

where an extensive

drilling program concluded in late

November 2020

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 ("N.I. 43-101")

compliant gold resource consisting of

418,000 indicated ounces of gold grading 2.63

grams/tonne ("g/t") gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging

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

Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M.

Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (

www.sedar.com

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

approximately 48 kilometers (30 miles) southeast of

Winnemucca

. The Company owns a 15%

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

approximately 150 kilometers (100 miles) east of

Reno

, with Global Energy Metals Corp. (TSXV:

GEMC) holding an 85% participating interest.

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

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.

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. The Securities of Nevada Sunrise Gold Corporation have not been

registered under the United States Securities Act of 1933, as amended, and may not be

offered or sold within

the United States

or to the account or benefit of any U.S. person.

SOURCE

Nevada Sunrise Gold Corporation

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2021/11/c4111.html

%SEDAR: 00026824E

For further information:

Warren Stanyer, President and Chief Executive Officer, Telephone: (604)

428-8028,

Facsimile:

(604) 684-9365 , email: [email protected]

CO: Nevada Sunrise Gold Corporation

CNW 07:30e 11-JAN-21

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