Exploration Program Plans At Kinsley Mountain Gold Project

VANCOUVER - Nevada Sunrise Metals Corp. reported that its joint venture partner, Copaur Minerals Inc. has finalized plans for the 2023 drilling program at the Kinsley Mountain Gold Project located near Wendover, Nevada. The 2023 exploration plan calls for a combined 3,500 meters (11,480 feet) of reverse circulation ("RC") and diamond drilling.  Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain joint venture, with Copaur, as operator, holding a 79.99% interest.

Kinsley Mountain hosts current indicated mineral resources comprising a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au.

Indicated resources are inclusive of 302,000 ounces averaging 6.11 g/t gold hosted within the Secret Canyon Shale at the Western Flank Zone (WFZ).

The 2023 Kinsley Mountain drill program is planned to consist of up to 2,300 meters (7,544 feet) of RC drilling and 1,200 meters (3,936 feet) of diamond core drilling for: 1) Resource infill drilling of the high-grade gold WFZ (2 core holes planned for 700 meters, or 2,296 feet). 2) Near surface oxide-gold resource drilling, for expansion and delineation at the Main Pit North Oxide and Secret Spot targets (19 RC holes planned for 2,300 meters, or 7,544 feet). 3) Testing of a new IP/chargeability anomaly located between the WFZ and Upper Ridge Pit area is planned (1 core hole for 500 meters, or 1,640 feet).

The planned 2023 drilling is designed to follow up on the highly successful 2020 drilling campaign, which consisted of 49 holes totaling 17,970 meters (58,957 feet), the results of which underscored the resource expansion potential that remains at WFZ, Main Pit North Oxide, and the Secret Spot targets, with highlights including: 1) Western Flank resource drilling: 10.22 g/t gold over 6.1 meters (20 feet) within a broader zone grading 2.63 g/t gold (sulphide) over 38.10 meters (124.97 feet) in KMR20-017; and 15.1 g/t gold (sulphide) over 7.6 meters (24.93 feet), including 24.1 g/t gold (sulphide) over 4.6 meters (15.1 feet) Lower Zone, 9.08 g/t gold (sulphide) over 6.1 meters (20 feet) Upper Zone in KMR20-026. 2) Main Pit North Oxide Target yielded a high-grade intercept of: 9.83 g/t gold over 7.6 meters (24.93 feet) of high-grade, shallow oxide mineralization in hole KMR20-30. 3) New near-surface oxide discovery at the Secret Spot, including: 1.77 g/t gold over 25.3 meters (82.98 feet) in a near-surface mineralized intersection in hole KMD20-007B.