21:29:02 EST Mon 09 Nov 2026
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Nevada Sunrise Metals Corp
Symbol NEV
Shares Issued 161,426,658
Close 2026-11-09 C$ 0.03
Market Cap C$ 4,842,800
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Nevada Sunrise completes Fivemile ground gravity survey

2026-11-09 19:08 ET - News Release

Mr. Warren Stanyer reports

NEVADA SUNRISE COMPLETES GROUND GRAVITY SURVEY AT THE FIVEMILE GOLD PROJECT, CORTEZ MINING DISTRICT, NEVADA

Nevada Sunrise Metals Corp. has completed a ground gravity survey program at the Fivemile gold project, located within the Battle Mountain-Eureka-Cortez gold trend in Lander county, Nevada.

The company has expanded the project area to 332 claims to a total area of approximately 6,838 acres (2,768 hectares). The new claims cover additional prospective exploration areas determined from structural interpretation and the positive results of the ionic leach geochemical survey carried out on the project in July, 2026 (see Nevada Sunrise news release dated Sept. 23, 2026).

Highlights of the Fivemile gold project:

  • Fivemile is flanked by gold deposits, gold occurrences and gold mines, both past-producing and producing, in the Cortez mining district of Nevada, renowned as one of most prolific gold-bearing regions in the world.
  • The 2026 survey, the first of its kind on the project, was contracted to MWH Geo-Surveys International Inc., a mineral exploration industry leader in ground gravity and unmanned aerial vehicle (UAV) surveys in the Great Basin of the United States and worldwide.
  • High-resolution gravity data were collected across the project from approximately 358 survey stations at 200-metre spacings on lines 400 metres apart. Results will be released following final processing and interpretation of the gravity data.

"The 2026 high-resolution ground gravity survey program at Fivemile brings us a step closer to determining drill targets at the project," said Warren Stanyer, president and chief executive officer of Nevada Sunrise. "The company believes that systematic exploration on its highly strategic land position in the Cortez mining district is a formula for discovery on an underexplored property."

About Fivemile

Fivemile consists of 332 unpatented mineral claims on Bureau of Land Management land totalling approximately 6,839 acres (2,768 hectares (ha)). The majority of the Fivemile claims, staked in 2025 and 2026, cover an area of alluvium-covered shallow pediment, referred to by the company as Fivemile flats, which has no outcrop, thus inhibiting previous surface exploration.

Fivemile is located approximately four miles (6.4 kilometres (km)) south-southwest of the Cortez Hills mine and five miles (eight km) southwest of the Goldrush mine, both operated by Nevada Gold Mines LLC (NGM), a joint venture between Barrick Mining Corp. (61.5 per cent) and Newmont Mining Corp. (38.5 per cent). Fivemile lies approximately six miles (10 km) southwest of the Fourmile gold deposit owned 100 per cent by Barrick, which is planned to be contributed by Barrick into NGM (1).

The exploration target areas at Fivemile are twofold: epithermal gold/silver mineralization related to the Caetano caldera, possibly superimposed on an earlier Carlin-type gold deposit(s), similar to the Fourmile, Goldrush and Cortez Hills gold deposits.

The primary Fivemile gold exploration targets were generated in 2025 by reprocessing publicly available data collected by the USGS and integrating that data with a proprietary geological interpretation of structural features that are visible in the geophysical, geological and satellite imagery data. The geophysical signature of Fivemile is observed as the conjunction of a gravity high anomaly and a magnetic low anomaly. The gravity high at Fivemile mirrors a gravity high associated with the Fourmile and Goldrush deposits located to the northeast of the property.

Fivemile also lies in the same relative position as the Fourmile and Goldrush deposits, which are located along the western border of a larger Eocene-Miocene apical graben in the core of a larger north-northwest-south-southeast-trending regional anticline. The centre of this apical graben localized the Northern Nevada Rift zone in mid-Miocene time. Miocene lake sediments were deposited in this graben.

From the available geophysical and geological data, the company has inferred regional northeast-southwest-trending faults that pass through the Fourmile-Goldrush and the historical Toiyabe mine areas, and the Fivemile property area. These faults, herein referred to as the Fourmile faults, are believed to have been active in Eocene through Miocene time and controlled gold mineralization at interpreted intersections with north-south-trending graben normal faults. In the Fivemile area, the Fourmile faults probably localized part of the Caetano caldera ring-fracture system and also intersected and offset north-south Cortez graben faults in the vicinity of the geophysical anomalies.

Nevada Sunrise can earn a 79-per-cent interest in Fivemile from American Metals Exploration Corp. (Ammetex), a private Nevada company at arm's length to Nevada Sunrise, in three stages over four years from the effective date of the earn-in option agreement (see Nevada Sunrise news release dated May 26, 2026).

(1) News release, Barrick Mining Corp., Aug. 10, 2026.

Qualified person and National Instrument 43-101 disclosure

The scientific and technical information contained in this news release has been reviewed and approved by Robert Allender Jr., CPG, SME, a qualified person for Nevada Sunrise as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Allender has examined information regarding historical and current exploration at Fivemile, which includes his review of the ground gravity survey procedures underlying the information and opinions contained herein.

Management cautions that published historical results were collected and reported by operators unrelated to Nevada Sunrise, and have not been verified nor confirmed by its qualified person; however, the historical results create a scientific basis for continuing work at the Fivemile. Management further cautions that historical results, discoveries and published resource estimates on adjacent or nearby mineral properties, whether in stated current resource estimates or historical resource estimates, are not necessarily indicative of the results that may be achieved on the property.

About Nevada Sunrise Metals Corp.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, B.C., Canada, which holds interests in gold, copper and lithium exploration projects located in the state of Nevada.

Nevada Sunrise holds the right to purchase a 100-per-cent interest in the Griffon gold mine project, located approximately 50 km (33 miles) southwest of Ely, Nev.

Nevada Sunrise holds the right to earn a 79-per-cent interest in the Fivemile gold project, located approximately 40 km (25 miles) south of Battle Mountain, Nev.

Nevada Sunrise holds the right to earn a 100-per-cent interest in the Coronado copper project, located approximately 48 km (30 miles) southeast of Winnemucca, Nev.

Nevada Sunrise owns 100-per-cent interests in the Gemini West, Jackson Wash and Badlands lithium projects, all of which are located in the Lida Valley in Esmeralda county in Nevada.

As a complement to its exploration projects in Esmeralda county, the company owns Nevada water right permit 86863, also located in the Lida Valley basin, near Lida, Nev.

We seek Safe Harbor.

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