Nevada Sunrise Metals Corporation announced that the Company has initiated a geological and geophysical data review on its Coronado Copper Project ("Coronado", or the "Project") located in Pershing County, Nevada, approximately 48 kilometers (30 miles) southeast of Winnemucca. The purpose of the Coronado data review is to identify new, shallow drill targets in an area of the Project where historical drilling in 1976 identified high-grade copper mineralization. Highlights of the Coronado Copper Project: Coronado is located in an underexplored region that hosts a past-producing volcanogenic massive sulphide ("VMS") deposit known as Big Mike, where high-grade copper was mined in the early 1970s (see Figure 1 below: photo of Big Mike mineralization in a grab sample collected by the Company in 2018); VMS deposits such as Big Mike are often found in "chains" or "clusters" along zones of structural weakness, where such deposits may be buried under overburden and exhibit no surface exposure ?

only one VMS deposit has been discovered to date in the Project area; Nevada Sunrise plans to explore a new target area in the northern part of Coronado known as the Red Metal prospect, where Utah International intersected shallow, high-grade copper mineralization in 1976 drill hole C-1, which reportedly returned 1.84% copper over 10.98 metres (36 feet) from 39.9 metres (131 feet) to 50.9 metres (167 feet); The Company is commissioning a new desktop study of its Coronado 2018 Versatile Time Domain Electromagnetic ("VTEMTM") data using a computer modeling process to determine the Airborne Inductive Induced Polarization ("AIIP") effect, which can measure chargeability of potential sulphide minerals and add to the interpretation of conventional airborne electromagnetic ("EM") data. Other geophysical anomalies were observed in the 2018 airborne survey data, which Nevada Sunrise plans to investigate on the ground. 2024 Coronado Exploration Plans: Nevada Sunrise plans to carry out an AIIP effect study by Geotech Ltd. ("Geotech") on the 2018 Coronado VTEMTM airborne survey data.

AIIP chargeability mapping opens new avenues in mineral exploration for airborne time domain electromagnetic systems in the search for sulphides, especially in terrain with substantial overburden that can mask conventional electromagnetic responses. Other geophysical anomalies observed in the Company's 2018 airborne data are being reviewed, including the "Mikey" target, located approximately 600 metres (2,000 feet) southeast of the historic Big Mike open pit mine. Geotech also offers Structural Complexity ("SC") analysis of historical VTEMTM data using a method introduced by Kovesi (1997).

SC is an important exploration parameter for structurally-controlled mineral deposits (Groves et al., 2018). Linear structures such as magnetic ridges from positive magnetic linear anomalies can be mapped and interpreted using the Centre for Exploration Targeting (University of Western Australia grid analysis module), a process which could provide valuable insight in the structural complexity at Coronado. Nevada Sunrise plans to carry out a prospecting and geological mapping and sampling survey over significant geophysical anomalies identified from the AIIP modelling program.

Any identified geophysical anomalies will be gridded and sampled with a soil gas hydrocarbon ("SGH") survey, an economical soil sampling method developed by Activation Laboratories of Ancaster, ON, Canada, which is known to detect subtle geochemical anomalies over buried mineral deposits. In conjunction with newly-acquired geophysical data, SGH could assist in the development of new drill targets in Coronado's underexplored terrain. The Company holds an active drill permit for Coronado, which is good until October 2024.