Nevada Sunrise Gold Update Exploration Programs

VANCOUVER - Nevada Sunrise Gold Corporation reported that 2020 exploration programs have concluded at the Kinsley Mountain Gold Project near Wendover, NV, and at the Coronado VMS Project (Coronado) near Winnemucca, NV.

Nevada Sunrise's joint venture partner New Placer Dome Gold Corp. reported on drilling statistics for the 2020 exploration program, which was completed in the last week of November 2020. Nevada Sunrise holds a 20.01% interest in Kinsley Mountain, with New Placer Dome, as operator, holding a 79.99% interest. A total of 17,970 meters (58,956.7 feet) was drilled at Kinsley Mountain in the 2020 drilling program, consisting of 39 reverse circulation ("RC") drill holes totaling 13,610 meters (44,652 feet) and 10 diamond drill core holes totaling 4,360 meters (14,304 feet). Samples are being processed, and analytical results from the program are pending.

A drilling program at Coronado began in early November, 2020. Two diamond drill holes were collared at locations identified by the previous airborne Versatile Time Domain Electromagnetic (VTEMEM) geophysical survey as optimal for penetration of the interpreted conductor. A total of 250.76 meters (822.7 feet) was drilled in the two diamond core holes. Each of the drill holes encountered difficulty penetrating through the overburden and viscous clay layers, and the bedrock targets were not intersected.

DDH-COR20-01 was drilled to 151.37 meters (496.6 feet), at which depth ground conditions made further advance impossible. The drill hole encountered a fault zone composed of clay gouge and breccia at 136.89 meters (449.1 feet). Drilling continued through this zone for 14.48 meters (47.5 feet) until the hole was abandoned. This fault zone intersection may represent an extension of the thrust fault encountered in the Company's previously drilled hole DDH-COR18-01.  Formations identified in the core indicate that surface colluvium and the upper part of the Havallah greenstone sequence are situated above the fault as in DDH-COR18-01.

DDH-COR20-02 was drilled through the surface colluvium to a depth of 99.39 meters (326.1 feet), at which depth further advance was impeded by a viscous clay layer. This viscous clay is either a layer within the surface colluvium or it may be associated with a fault gouge zone at this depth.

Nevada Sunrise intends to test the Coronado South conductor in a future drilling program with a combination of RC drilling and diamond drilling to penetrate the problematic layers of overburden and continue into bedrock to best intersect the strong VTEMEM airborne conductor detected by the Company in 2018.