Geophysical Survey Results From Gemini Lithium Project

VANCOUVER - Nevada Sunrise Gold Corp. has received preliminary results of a ground geophysical survey carried out in May at the Gemini Lithium Project, located in the Lida Valley basin in Esmeralda County, Nevada. The 2022 time-domain electromagnetic ("TDEM") survey has successfully expanded the scope of geophysical surveys carried out by the Company in 2016 and demonstrates the continuity of conductive zones where lithium-bearing clays and water were encountered during the 2022 drilling program.

Nevada Sunrise is pleased with the preliminary results of the 2022 TDEM survey, which has provided confidence for future drill targets within the conductive zones that are interpreted as clay layers with potential for hosting lithium-bearing brines. Processing of the TDEM data is still ongoing, including the merging of the newly-acquired data with historical data, and the Company expects to further refine the geophysical model. Additional surveys may be carried out in 2022 to infill the existing survey lines in order to develop a definitive 3-D model of the conductive zones at Gemini.

In particular, the conductivity measured to the north and west of the two existing drill holes demonstrates continuity of the zones where lithium-bearing clays and water were encountered in drill holes GEM22-01 and GEM22-02. An amendment to the existing drill permit for new drill hole locations is anticipated to be filed in July 2022, and drill tenders are being prepared to select a contractor for a Phase 2 exploration program in the summer/fall of 2022.