Geophysical Survey Over New Discovery At Gemini Lithium Project

VANCOUVER - Nevada Sunrise Gold Corp. reported that a geophysical survey has commenced at the Gemini Lithium Project, located in the Lida Valley basin in Esmeralda County, Nevada. The time-domain electromagnetic (TDEM) survey is planned to expand the scope of geophysical surveys carried out by the Company in 2016. Conductive zones detected in the 2016 surveys were targeted in the Company's drilling program in March and April 2022, which intersected the following mineralized zones: Borehole GEM22-01: weighted-average of 1,203.41 parts per million ("ppm") lithium over 580 feet (176.83 meters) from 320 to 900 feet (97.56 to 274.39 meters), including 1,578.19 ppm lithium over 300 feet (91.46 meters) from 480 to 780 feet (146.34 to 237.8 meters); and Borehole GEM22-02: weighted-average of 775.9 ppm lithium over 130 feet (39.63 meters) from 390 to 520 feet (118.90 to 158.54 meters), including 1,133.1 ppm lithium over 40 feet (12.20 meters) from 480 to 520 feet (146.34 to 158.54 meters). The analytical results for an additional 131 samples from GEM22-02 are still pending.

The 2022 surveys are designed to outline the possible lateral extent of the conductive, lithium-bearing clay layers within a historical gravity low that were intersected in drillholes GEM22-01 and GEM22-02. A total of 13.0 line kilometers are planned in three new survey lines. The TDEM moving loop survey will employ 400 meter by 400 meter loops to collect data along new survey lines parallel to the 2016 survey lines, which had detected a highly-conductive layer. At present, the northern and western limits of the conductive clay layer at Gemini are not well-defined and the 2022 survey results are anticipated to add to the Company's geological knowledge of the conductive zones. Results from the TDEM survey are expected during May 2022 and based on those results, Nevada Sunrise plans to submit an amended drilling plan to the Bureau of Land Management (BLM) for the permitting of new drill targets at Gemini.