Nevada Sunrise Update on Nevada Exploration Programs

VANCOUVER, BC, Dec. 15, 2020 /CNW/ - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) announced today that 2020 exploration programs have concluded at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV, and at the Coronado VMS Project ("Coronado") near Winnemucca, NV.

Kinsley Mountain Gold Project Update

Nevada Sunrise's joint venture partner New Placer Dome Gold Corp. ("New Placer Dome", TSXV: NGLD) has provided the following update to the Company on drilling statistics for the 2020 exploration program, which was completed in the last week of November 2020. Nevada Sunrise holds a 20.01% interest in Kinsley Mountain, with New Placer Dome, as operator, holding a 79.99% interest.

New Placer Dome has advised the Company that a total of 17,970 metres (58,956.7 feet) was drilled at Kinsley Mountain in the 2020 drilling program, consisting of 39 reverse circulation ("RC") drill holes totaling 13,610 metres (44,652 feet) and 10 diamond drill core holes totaling 4,360 metres (14,304 feet). Samples are being processed at the ALS Geochemistry laboratory in North Vancouver, BC. Analytical results from the program are pending, and will be released when received, compiled and interpreted.

About Kinsley Mountain

Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 ("N.I. 43-101") compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 grams/tonne ("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.

¹ Technical Report and updated estimate of mineral resources on the Kinsley Project, Elko County, Nevada, U.S.A., effective January 15, 2020 and prepared by Michael M. Gustin, Ph.D., CPG, Moira Smith, Ph.D., P.Geo. and Gary L. Simmons, MMSA under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR (www.sedar.com).