Vancouver - Nevada Sunrise Gold Corp. ('Nevada Sunrise', or the 'Company') (TSXV: NEV) is pleased to report that its joint venture partner, New Placer Dome Gold Corp. has provided results from an induced polarization ('IP')/ resistivity ground geophysical survey completed in 2020 at the Kinsley Mountain Gold Project located near Wendover, Nevada.

Nevada Sunrise holds a 20.01% interest in the Kinsley Mountain joint venture, with New Placer Dome, as operator, holding a 79.99% interest. In 2020, New Placer Dome conducted a review of historical geophysical surveys at Kinsley Mountain and noted chargeability anomalies coincident with high-grade gold mineralization at the Western Flank Zone ('WFZ') within a single 2015 IP/resistivity orientation survey line. Subsequent electrical property measurements of WFZ Secret Canyon shale-hosted gold mineralization and surrounding shale in drill core confirmed an apparent chargeability contrast between mineralized and unmineralized Secret Canyon shale rocks at Kinsley Mountain. New Placer Dome subsequently commissioned an expanded program of IP/resistivity over the WFZ resource and high-priority Shale Saddle target areas and has confirmed a correlation between the geophysical survey results and historical drilling that intersected high-grade gold in association with sulphide mineralization. The 2020 IP/resistivity comprised a total of 19 line-kilometres over nine lines, including 5 lines at the WFZ and 4 lines at the Shale Saddle target. Drill hole KMR20-035, drilled in the 2020 program, is located on the margin of a larger untested chargeability anomaly.

The results of the 2020 IP/resistivity survey reveal that high-grade gold mineralization at the WFZ is associated with chargeability anomalies along the Kinsley Northwest/Mine fault zone. Multiple chargeability anomalies have been identified at the high-grade WFZ and Shale Saddle targets that warrant expansion of the IP geophysical grid and follow-up drill testing.

Key Points: High-grade, shale-hosted gold mineralization at the WFZ exhibits an apparent chargeability contrast with unmineralized shales representing an important new gold mineralization vector at Kinsley Mountain.

IP/resistivity surveys have defined multiple untested chargeability anomalies at the WFZ and Shale Saddles that warrant follow-up drill testing.

Expanded IP/resistivity surveys are warranted to the south to cover the Secret Spot oxide and high-grade sulphide new discovery.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA. The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover. The 2020 Kinsley Mountain reverse circulation ('RC') and diamond drill campaign was completed in November 2020 and comprised 49 drill holes totaling 17,970 metres (58,957 feet) testing five target areas within the greater resource area, which consisted of 39 RC holes for 13,610 metres (44,652 feet) and 10 diamond drill holes for 4,360 metres (14,305 feet), with 3 holes abandoned and re-drilled from the same locations. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t gold (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t gold (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t gold1 .

Contact:

Warren Stanyer

Tel: (604) 428-8028

Email: warrenstanyer@nevadasunrise.ca

(C) 2021 Electronic News Publishing, source ENP Newswire