Data Review To Develop New Drill Targets At The Coronado Copper Project

VANCOUVER - Nevada Sunrise Metals Corporation has initiated a geological and geophysical data review on its Coronado Copper Project located in Pershing County, Nevada, approximately 48 kilometers (30 miles) southeast of Winnemucca. The purpose of the Coronado data review is to identify new, shallow drill targets in an area of the Project where historical drilling in 1976 identified high-grade copper mineralization.

Coronado is located in an underexplored region that hosts a past-producing volcanogenic massive sulphide (VMS) deposit known as Big Mike, where high-grade copper was mined in the early 1970s. VMS deposits such as Big Mike are often found in "chains" or "clusters" along zones of structural weakness, where such deposits may be buried under overburden and exhibit no surface exposure – only one VMS deposit has been discovered to date in the Project area.

Nevada Sunrise plans to explore a new target area in the northern part of Coronado known as the Red Metal prospect, where Utah International intersected shallow, high-grade copper mineralization in 1976 drill hole C-1, which reportedly returned 1.84% copper over 10.98 metres (36 feet) from 39.9 metres (131 feet) to 50.9 metres (167 feet).

The Company is commissioning a new desktop study of its Coronado 2018 Versatile Time Domain Electromagnetic (VTEMTM) data using a computer modeling process to determine the Airborne Inductive Induced Polarization ("AIIP") effect, which can measure chargeability of potential sulphide minerals and add to the interpretation of conventional airborne electromagnetic ("EM") data. Other geophysical anomalies were observed in the 2018 airborne survey data, which Nevada Sunrise plans to investigate on the ground.