Nevada Sunrise Terminates Agreement 

 

VANCOUVER, BC - Nevada Sunrise Gold Corporation has executed a termination agreement with Advantage Lithium Corp. to cancel Advantage's option to earn an interest in the Company's water right in the Clayton Valley of Nevada. In consideration for the termination of the Water Rights Option, Nevada Sunrise will issue to Advantage an aggregate of 1,700,000 common shares of Nevada Sunrise. Completion of the transactions contemplated by this Agreement are subject to the approval of the TSXV.  This Agreement will terminate if Nevada Sunrise does not obtain TSXV approval within 60 days of the execution of this Agreement.

Nevada Sunrise holds interests in gold, cobalt, copper and lithium exploration projects in the State of Nevada. The Company's two key gold assets include a 100% interest in the Golden Arrow project near Tonopah, currently the subject of a transaction with Emgold Mining Corporation, and a 21% interest in a joint venture at Kinsley Mountain with Liberty Gold Inc. near Wendover, with each of the properties subject to certain production royalties.