Nevada Sunrise Metals Corp. announced that its joint venture partner, CopAur Minerals Inc. ("CopAur") has reported the results from the first four reverse circulation ("RC") holes completed during 2023 exploration at the Kinsley Mountain Gold Project ("Kinsley Mountain" or the "Project") in Elko County, Nevada. The four RC holes reported targeted near-surface oxide gold mineralization within the Main Pit North area located 1 kilometre (0.62 miles) southeast of the Western Flank Zone.

Drilling at Main Pit North during 2020 intersected high-grade oxide gold intercepts within the gold-hosting Dunderberg shale approximately 75 metres (246 feet) outside the current resource pit shell, thus providing opportunities for near-pit resource expansion. Hole KMR23-03, collared 200 metres (656 feet) north of the current pit shell, returned 2.22 grams per tonne ("g/t") oxide gold over 25.9 metres (85 feet); including 4.2 g/t oxide gold over 10.7 metres (35 feet). The intercept is significant given that at depth it lies within 50 metres (164 feet) of the current oxide resource pit shell.

Together with prior RC drilling by the Kinsley Mountain joint venture outside the historical pit limits, including drill hole KMR20-030 that yielded 9.83 g/t oxide gold over 7.6 metres (25 feet)[1], this new intercept reaffirms the presence of an oxide gold mineralized stratigraphic interval of approximately 30 metres (98 feet) true thickness hosted within the Dunderberg shale and underlying Hamburg limestone that warrants additional drilling. Drill holes KMR23-04 and KMR23-02 flanking KMR23-03 to the west and east returned 2.02 g/t gold over 7.6 metres (25 feet); and 1.5 g/t gold over 4.6 metres (15.1 feet), respectively further demonstrating the significance of the Dunderberg-Hamburg units as the premiere oxide gold host at Kinsley Mountain. Drill hole KMR23-01 did not return significant intercepts.

A total of seven (7) RC drill holes and three (3) diamond drill holes comprising 2,285 metres (7,495 feet) were completed in 2023 at the high-grade Western Flank Zone, the Main Pit North, and the new Kinsley Ridge. All samples, including QA/QC samples, were shipped to ALS Global in Vancouver, Canada ("ALS") for multi-element analysis and fire assay for gold. Results from the remaining five (5) holes drilled in the 2023 program will be released following their receipt and interpretation by CopAur, operator of the Project.

Kinsley Mountain hosts a historic past-producing mine that yielded 138,000 ounces of near-surface, open-pit oxide gold mined by Alta Gold Company between 1995-1999 . The Project 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 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. 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.