Joint Venture Agreement For Kinsley Mountain

VANCOUVER, BC - Nevada Sunrise Gold Corporation reported that a joint venture agreement has been signed between subsidiaries of the Company and Pilot Gold Inc. for the Kinsley Mountain Project, located in Elko County, Nevada. A Delaware limited liability company, Kinsley Mountain LLC, has been formed to manage the joint venture, with Pilot Gold as operator.

Earlier in 2013, Pilot Gold gave notice to Nevada Sunrise that it had completed US$3.0 million in eligible expenditures to increase its participating interest in Kinsley Mountain to 65%. Pilot Gold is currently funding a $3.4-million exploration program at the Project in its entirety, which has further increased Pilot Gold's interest from 65% to approximately 78%, with Nevada Sunrise holding an approximate 22% interest.

On July 16, 2013, Nevada Sunrise announced that Pilot Gold had commenced drilling at Kinsley Mountain. The drilling program, planned for 20,000 meters, is a follow-up to the 2012 drilling and exploration campaign that defined and expanded gold mineralization over a 2.2 kilometer-long trend. Pilot Gold is testing high-priority targets within a core group of claims, including the Western Flank, Candland Canyon and extensions trending NNE and SW of the historical pits.

The Company was informed that Pilot Gold expects to complete the drilling program by the end of December 2013.