Pilot Gold Resumes Drill Program At Kinsley Mountain

VANCOUVER, BC - Nevada Sunrise Gold Corporation reported that drilling resumed on May 7, 2014 at the Kinsley Mountain property in Nevada. The 2014 drill program operated by Pilot Gold Inc. has re-started with one core rig and two reverse circulation rigs after a successful winter program, which intersected high-grade gold in several holes over significant widths.

Highlights from the 12-hole, 4,229 meter 2014 winter diamond drilling program at the Western Flank include: 6.85 g/t Au over 41.7 meters in PK127C; 10.5 g/t Au over 42.7 meters in PK131C; 7.53 g/t Au over 53.3 meters in PK132C; 10.6 g/t Au over 30.0 meters in PK133C; 1.44 g/t Au over 12.2 meters and 2.84 g/t Au over 18.9 meters in PK134C; 21.3 g/t Au over 29.0 meters in PK137C and 15.6 g/t Au over 38.7 meters in PK137CA.

PK137C was lost in the mineralized zone due to poor ground conditions higher in the hole, and does not represent a complete intercept of the zone. PK137CA was wedged off the same hole from above the mineralized zone using NQ-size tools and was completed through the mineralized zone in a location immediately adjacent to PK137C, effectively representing a twin of PK137C and a complete intercept of the mineralized zone.

The remaining 21,300 meters in the 2014 drill program will be focused on step-out drilling around the high-grade mineralization in the Western Flank target, as well as exploration drilling at the Right Spot, Secret Spot and other compelling targets across the property. Pilot Gold is currently operating under an approved 65 acre (26.3 hectares) Plan of Operations, and has secured 1,080 acre/feet of water rights. An amendment to the Plan of Operations is currently pending for an additional 23 acres (9.3 hectares) on the Kinsley North claims, which host a series of high-priority targets that have never been drill tested.

The Western Flank target is located 550 meters northwest of the past-producing pits at Kinsley. The original target concept involved north-northeast-plunging zones of mineralization hosted primarily in the Candland Shale. The target has since been expanded to include a possible west-northwest-trending zone of high-grade gold mineralization hosted in stratigraphic units, including the Clark Springs Limestone and Secret Canyon Shale, which were neither identified nor tested by previous operators. The Western Flank's deeper mineralization may be, in part, an extension of the 2.2 kilometer long NW-SE "Kinsley Trend" structural zone, along which the historical pits are aligned. Consequently, in addition to ongoing testing of the original NNE-SSW "Western Flank" structure, drill holes will also be planned to test deeper mineralization along the corridor between the Western Flank target and the historical Upper Pit. Shallow historical drilling in the pits stopped short of testing the stratigraphic horizon hosting high-grade mineralization in the Western Flank target, and thus the potential for mineralization below the limits of the historical pits may be extensive.

Gold is hosted at the "Right Spot" target in multiple stratigraphic units. The upper stratigraphic units (Big Horse Limestone and Candland Shale, the main gold hosts in the past-producing mine) from the Western Flank rise to the surface 500 meters to the south at the Right Spot target. Mapping and rock sampling identified a 250-metre north-northeast zone of surface jasperoids returning 1-5 grams/tone gold in grab samples. The Candland Shale is also present on surface an additional 500 meters to the south at the "Secret Spot", where it hosts gold-bearing jasperoid alteration. Initial 2014 drill results from the Right Spot target includes: 3.57 g/t Au over 11.5 meters in PK130C, including 5.87 g/t Au over 3.1 meters.

Kinsley Mountain hosts near-surface mineralization similar to other Carlin-style, sediment-hosted gold systems. The Kinsley Mountain project is located in eastern Nevada near the Utah border, approximately 160 kilometers (100 miles) southeast of Elko, Nevada, and consists of 412 claims covering approximately 8,208 acres. Kinsley Mountain hosts a past producing mine with an extensive exploration database and numerous, untested gold targets.

In 2013, Pilot Gold solely funded a US$3.8-million exploration program at Kinsley Mountain, which following the application of allowable 2013 budget overruns, increased its participating interest to approximately 79%, with Nevada Sunrise holding an approximate 21% interest.