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Nevada Sunrise Develops New Drill Targets at Coronado Copper Project

Nevada Sunrise Metals Corporation (TSXV: NEV) (OTCBB: NVSGF) has announced the initiation of a geological and geophysical data review at its Coronado Copper Project in Pershing County, Nevada. This review aims to identify new, shallow drill targets where historical drilling in 1976 identified high-grade copper mineralization.

Coronado Copper Project Highlights

Coronado is located in an underexplored region that houses a past-producing volcanogenic massive sulphide (VMS) deposit known as Big Mike. Nevada Sunrise plans to explore a new target area in the northern part of Coronado known as the Red Metal prospect.

The Company is commissioning a new study of its 2018 Versatile Time Domain Electromagnetic (VTEMTM) data using computer modeling to determine the Airborne Inductive Induced Polarization (AIIP) effect. This can help measure the chargeability of potential sulphide minerals, adding to the interpretation of conventional airborne electromagnetic data.

2024 Coronado Exploration Plans

Nevada Sunrise plans to carry out an AIIP effect study by Geotech Ltd. on the 2018 Coronado VTEMTM data. AIIP chargeability mapping opens new avenues in mineral exploration, particularly in areas with substantial overburden. The company will also review other geophysical anomalies observed in its 2018 airborne data.

Nevada Sunrise plans to conduct a prospecting and geological mapping and sampling survey over significant geophysical anomalies identified from the AIIP modeling program. Any identified geophysical anomalies will be sampled with a soil gas hydrocarbon (SGH) survey. In combination with newly-acquired geophysical data, SGH could assist in developing new drill targets in Coronado’s underexplored terrain. The Company holds an active drill permit for Coronado, valid until October 2024.

About Coronado

Coronado consists of 152 unpatented claims totaling approximately 3,040 acres (1,230 hectares) over an interpreted trend adjacent to the historic Big Mike copper mine. The land position controls an important seven-mile-long (11.3 kilometers) regional trend along which high-priority airborne VTEMTM anomalies have been identified.

In 1970, Ranchers Exploration and Development Company developed the high-grade portion of Big Mike and produced approximately 25 million pounds of copper from 100,000 tons of ore grading 10.5% copper. Historical sampling also indicates the presence of cobalt, with values up to 2,500 parts per million (0.25%) cobalt.

Nevada Sunrise optioned the Project in 2018 and has since conducted several exploration campaigns, including a high-resolution airborne VTEMTM survey, a ground gravity survey, an SGH geochemical survey, and three diamond drill holes in 2018 and 2020.

Qualified Person Statement

Theodore A. DeMatties, CPG, PG, a geological consultant to Nevada Sunrise, is the Company’s designated Qualified Person for this news release and has reviewed and approved the technical content.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company based in Vancouver, BC, Canada. It holds interests in copper, lithium, and gold exploration projects in Nevada, one of the world’s best mining jurisdictions. The Company’s key gold asset is an 18.74% interest in a joint venture at the Kinsley Mountain Gold Project. Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project and owns 100% interests in the Gemini, Jackson Wash, and Badlands lithium projects.

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