Nevada Sunrise Metals Corporation announced that ABH Engineering Inc. ("ABH") of Surrey, BC, Canada has completed a maiden resource estimate on the Gemini Lithium Project ("Gemini", or the "Project") in Nevada, USA within the regulations of National Instrument 43-101 (the "Technical Report"). Nevada Sunrise plans to file the Technical Report within the next 45 days. It comprises a detailed review of the completed exploration programs, an Inferred resource estimate, interpretations and conclusions and recommendations for the next phase(s) of work.

The Gemini resource estimate was based on geochemical analyses for lithium from composite samples of material collected from the rotary splitter in the reverse circulation ("RC") drilling rigs contracted by the Company, which produced a continuous, representative 3 to 5 kilogram sample for each sample interval. Results of the drilling proved the existence of clays mineralized with lithium, exhibiting very good geological continuity; the Inferred resource was calculated for lithium carbonate hosted in the clays. Highlights of the 2024 Gemini Inferred Resource Estimate: 2022-2033 drilling at Gemini was based on targets selected from geological mapping and geophysical surveys that included a detailed gravity survey and two time-domain electromagnetic ("TDEM") surveys.

Two phases of drilling were completed in five (5) RC holes totaling 7,330 feet (2,234.18 metres): Phase 1 drill holes GEM22-01 and GEM22-02 totaled 2,020 feet (615.85 metres); Phase 2 drill holes GEM22-03, GEM23-04 and GEM23-05 ? 5,310 ft (1,618.49 metres) Drilling to date has tested only a small portion of the Project area within 844 acres, (342 hectares), which represents approximately 15%, of the area covered by the 5,600 acres (2,266 hectares) of Bureau of Land Management unpatented lode claims. The deposit remains open in all directions and at depth. The Inferred resource estimate comprises, in an open pit-constrained resource: Approximately 1.3 million tonnes Lithium, or 7.1 million tonnes lithium carbonate equivalent ("LCE") contained within 1,200 million tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million ("ppm") Lithium; Lithium cut-off values of 400 ppm Lithium and density of 1.7 grams per cubic centimetre ("gm/cm3") were used.

Model constraints: Faults 3 and 4; a conceptualized 24 degree pit-slope, modelled from property boundaries, using a benchmark 24 degree pit-slope from several other Nevada lithium clay deposits. Additional information from the metallurgical work performed by Nevada Sunrise, especially the lithium recovery rate and the fact that LCE was produced in a bench-test study, is described in the Company's news releases dated June 5, 2023 and July 31, 2023. The technical information contained in this news release has been reviewed and approved by Damir Cukor, P. Geo., who is a Qualified Person with respect to Nevada Sunrise's Gemini Lithium Project, as defined under National Instrument 43-101.