Additional Lithium Analyses At The Gemini Lithium Project

VANCOUVER - Nevada Sunrise Gold Corp. reported that a wider and higher-grade intersection of lithium mineralization has been determined in the inaugural drilling program at the Gemini Lithium Project, located in the Lida Valley basin in Esmeralda County, Nevada. Additional analyses from borehole GEM22-01 received have extended the length of the previously-reported mineralized intersection and improved the lithium grade to 1,203.41 parts per million (ppm) lithium over 580 feet (176.83 meters), including 1,578.19 ppm lithium over 300 feet (91.46 meters).

Nevada Sunrise drilled two reverse circulation (RC) boreholes for a total of 2,020 feet (615.85 meters) in its maiden drilling program at Gemini in March and April 2022. The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic ("EM") surveys. The initial results represent a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization.

Borehole GEM22-01 intersected a lithium-bearing clay layer at 320 feet (97.56 meters) and in early April 2022, the Company rushed samples collected from 320 to 520 feet to determine its fertility (see Nevada Sunrise news release dated April 21, 2022: "Nevada Sunrise Intersects 950 ppm Lithium over 200 Feet in Maiden Drilling Program at the Gemini Lithium Project, Nevada"). Additional samples collected over 20-foot intervals1 below the 520-foot level to the end of hole at 900 feet were processed within a larger batch of 210 composite sediment samples submitted to ALS Group USA ("ALS"), in Reno, Nevada, and produced.

Additional drilling is planned following receipt of an amendment to the current Bureau of Land Management drilling permit, which will be required to cover the Company's newly-expanded land position. In April 2022, Nevada Sunrise staked 268 lode claims totaling 5,420 acres (2,193.4 hectares) over the outline of the gravity low to effectively cover the possible extent of the lithium-bearing clay layers. Follow-up geophysical EM surveys are planned in the spring of 2022 within the gravity low to further map the conductive layers first detected by Nevada Sunrise in 2016.