/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/

Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) (OTC: NVSGF) announced today that it has amended the terms of its non-brokered private placement initially disclosed in news releases dated June 8, 2022 and June 10, 2022 (the "Offering"). Due to current market conditions, the fully-subscribed Offering will now consist of up to 7,500,000 units at a price of $0.20 per unit for gross proceeds of up to $1,500,000 . Each unit will consist of one common share of the company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share at a price of $0.30 for a period expiring two years following the closing date of the Offering.

Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used for exploration on the Company's mineral properties in Nevada and for general working capital. All securities issued in the Offering are subject to a four–month hold period, during which time the securities may not be traded. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.  The Offering is subject to acceptance by the TSX Venture Exchange.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863 for 80.09 acre/feet/year, also located in the Lida Valley basin.

The Company's key gold asset is a 20.01% interest in a joint venture with Copaur Minerals Inc. at the Kinsley Mountain Gold Project near Wendover, NV. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

FORWARD LOOKING STATEMENTS This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's exploration activities and future plans at its mineral exploration projects; reliance on technical information provided by third parties on any of our exploration projects; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months Ended March 31 , 2022,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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The State of Nevada offers much more than deserts and playing your luck along the famous Las Vegas strip. For companies looking to bet on highly prospective mining opportunities, this resource-rich area offers a very attractive hand.

Operating out of Nevada offers a great discovery potential for mining companies and their investors alike. Aside from being a top mining jurisdiction, Nevada hosts existing infrastructure, a local skilled workforce and favorable weather so mining operations can run near year-round.

Nevada Sunrise Gold Corp. (“Nevada Sunrise”) (TSXV:NEV) is a junior mineral exploration company focused on exploring a robust portfolio of gold, copper, cobalt and lithium projects, exclusively in Nevada.

Nevada Sunrise maintains interests in several highly prospective mineral exploration properties and water rights in Nevada. This portfolio includes the company’s flagship Kinsley Mountain gold project, the Lovelock Cobalt Mine property, the Treasure Box copper property and the Coronado VMS property. The company also operates the Jackson Wash and Gemini lithium brine exploration properties in the Lida Valley in Esmeralda County.

Kinsley Mountain operates as a joint venture with New Placer Dome Gold Corp. (TSXV:NGLD), with Nevada Sunrise holding a 20.01 percent interest in the project. “There is significant upside potential for new high-grade gold discoveries and for expansion of the footprint of known mineralization and contained resources at Kinsley,” states Nevada Sunrise CEO Warren Stanyer said.

In February 2021, Nevada Sunrise Gold closed the second and final tranche of its non-brokered private placement. The company intends to put the proceeds from the placement toward funding exploration of its precious metals, copper and lithium properties in Nevada.

Additionally, the company understands the importance of water in conducting mining operations in Nevada. Nevada Sunrise currently owns water rights within the Clayton Valley basin and the Lida Valley basin, which strategically positions the company to leverage these valuable natural resources.

The company’s expert leadership and technical team apply world-class exploration experience and technical skills to acquire and develop new highly prospective mineral exploration projects. This perfect combination of individuals primes the company for growth and mining success.

The Kinsley Mountain gold project is located in Elko County of Eastern Nevada and consists of 513 claims plus five leased patents totaling 4,160 hectares (10,280 acres)..

Kinsley Mountain hosts Carlin-style, near-surface mineralization as well as a past-producing open pit mine with an extensive exploration database and numerous untested gold targets. Following exploration drilling carried out since 2011, current and compliant resource estimates calculated in 2020 state Kinsley Mountain hosts indicated resources of 418,000 ounces of gold grading 2.63 g/t gold and inferred resources of 117,000 ounces of gold averaging 1.51 g/t gold. These grades point to exciting upside potential for further discoveries and development for the project.

The Coronado VMS project consists of 133 unpatented claims covering approximately 1,104 hectares over an interpreted trend next to the historic Big Mike open-pit copper mine. Discovered in the 1960s, today Big Mike is classified as a VMS deposit, and as these deposits commonly occur in clusters there is good potential for the presence of other volcanogenic massive sulphide (“VMS”) deposits along trend from the past-producing mine.

In November 2020, the company concluded its second reconnaissance diamond drilling program. Drill collars were identified from the VTEM geophysical survey and a total of 250.76 meters was drilled in the two diamond drill holes. Each of the drill holes encountered difficulty penetrating through the overburden and viscous clay layers, and the bedrock targets were not intersected. A leading-edge soil sampling survey and the 2018 airborne geophysical survey show potential for sulphide mineralization that Nevada Sunrise Gold intends to explore further in 2021.

The Lovelock Cobalt Mine property currently consists of 70 unpatented lode claims in the Cottonwood Canyon area of the Stillwater Range, totaling approximately 567 hectares. In April 2020, Nevada Sunrise agreed to an accelerated ownership agreement with Global Energy Metals Corp. (“Global Energy Metals”) (TSXV:GEMC) for the Lovelock cobalt project, whereby Global Energy Metals purchased an 85 percent interest in the property and Nevada Sunrise retained a 15 percent interest.

In January 2018, the company completed an initial geochemical rock sampling program and a reconnaissance geophysical survey at the Lovelock mine. Geochemical sampling revealed a sample with promising mineralization of cobalt at 1.81 percent, nickel at 3.05 percent and copper at grades of 0.65 percent. Other samples saw copper grades of 4.91 percent and 5.99 percent. The geophysical survey results detected chargeability features related to structure and possible mineralization to a depth of approximately 200 meters.

Nevada Sunrise and Global Energy Metals have a current exploration permit issued by the US Bureau of Land Management for exploration drilling to test this highly prospective asset.

The Treasure Box copper project consists of 56 unpatented lode claims over 453 hectares in the Stillwater Range near Lovelock, Nevada. The property hosts mine workings from limited copper production that occurred in the late 19th century into the early 20th century.

A historical diamond drill hole drilled at the Treasure Box in 1910 reportedly intersected 1.52 percent copper mineralization over 85 feet at surface. Additional drilling in 1976 returned 1.55 percent copper grades over 40 feet from a depth of 85 to 125 feet.

The Treasure Box claims are subject to the same terms of the Global Energy Metals option agreement for the Lovelock Cobalt Mine.

In January 2016, Nevada Sunrise announced an agreement for an option to purchase Permit 44411, water right in the Clayton Valley basin. The certificated water right allows for 1,770 acre/feet of water use for mining and milling per year. In 2017, the company obtained an additional grant for water rights from the State of Nevada totaling 80.09 acre/feet per year for mining and milling in the Lida Valley, located adjacent to the Clayton Valley in Esmeralda County.

Nevada Sunrise believes that its acquisitions of water rights is an important step for an exploration company searching for mineral deposits in the Clayton and Lida valleys. Without a source of water, mining and milling operations in Nevada are not possible.

Jackson Wash consists of 28 unpatented placer claims totaling approximately 227 hectares and is located in the Lida Valley. Nevada Sunrise owns a 100 percent interest in Jackson Wash.

The exploration target for Jackson Wash is a brine deposit at depth containing dissolved lithium. Past surveying revealed a layered sequence of unconsolidated, saturated alluvial sediments filling a deep basin beneath the valley floor. The next steps for the Jackson Wash lithium project include drilling and sampling the sediments and groundwater in the interpreted basin.

The Gemini lithium project is located approximately 10 kilometers east of Lida, Nevada, and consists of 39 placer claims totaling 316 hectares. Nevada Sunrise Gold currently holds a 100 percent interest in the project.

The exploration target for Gemini is a brine deposit at depth containing dissolved lithium. Detailed gravity survey results from 2013 indicated strong gravity lows within two faulted sub-basins approximately 7 kilometers apart and interpreted to be hundreds of meters deep. Likewise, the results from a 2016 TDEM survey interpret conductive brines at depth, located well below the non-conductive sediments at the surface.

Nevada Sunrise has a drilling permit to test for lithium brines at Gemini, good to June 2022.

Warren Stanyer is a mineral exploration industry executive with over 24 years of Canadian public company administration experience. He previously served as an officer of Pioneer Metals Corporation, which Barrick Gold Corporation acquired in 2006, and as an officer of UEX Corporation until 2007. Stanyer was president, CEO and a director of Northern Continental Resources Inc. when Hathor Exploration acquired it in November 2009, and was an officer and director of Alpha Minerals, which Fission Uranium acquired in 2013. He is currently CEO andChairman of ALX Resources Corp. (TSXV: AL) and an officer and director of New Moon Minerals and Trailblazer Exploration, both private mineral exploration companies.

Jonathan Fung provides accounting, financial reporting and regulatory compliance services to publicly listed and private companies as a financial reporting manager at ACM Management. He obtained his Bachelor of Commerce degree in accounting from the University of British Columbia in 2013. Jonathan articled at D&H Group LLP Chartered Professional Accountants, where he provided accounting, assurance and income tax services to publicly listed and private companies. After working in Assurance Services at Ernst & Young LLP, he joined ACM Management Inc. of Vancouver, BC, in 2019. Jonathan is a member of the Chartered Professional Accountants of British Columbia.

Christina Boddy is a member of the Canadian Society of Corporate Secretaries and has acted as corporate secretary for many public companies in recent years, including Resinco Capital Partners, Teslin River Resources, Cue Resources and Prophecy Platinum. Ms. Boddy acts as a consultant to public and private companies through Rhodanthe Corporate Services, a BC-based private company.

Michael Sweatman is a Chartered Professional Accountant and has operated MDS Management Ltd., a Vancouver-based management consulting company, since November 1992. He obtained his Bachelor of Arts degree in economics and commerce from Simon Fraser University, gained his CA designation in 1982 and is a CPA in British Columbia and the Yukon Territory. He has served as a director and officer of several public companies over the past 30 years and is currently a director Lithoquest Resources. Sweatman is also the chairman of the Nevada Sunrise Audit Committee.

/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/

Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce a non-brokered private placement (the "Offering") of up to $1,200,000 consisting of 4,800,000 units (the "Units") at a price of $0.25 per Unit, each Unit consisting of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.40 for a period expiring two years following the closing date of the Offering.

Finder's fees may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Proceeds of the Offering will be used for exploration on the Company's mineral properties and general working capital. The Offering is subject to acceptance of the TSX Venture Exchange.

Nevada Sunrise also wishes to report the granting of stock options to a consultant to the Company consisting of 150,000 stock options at an exercise price of $0.29 , expiring five years from the date of issuance.

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin.

The Company's key gold asset is a 20.01% interest in a joint venture with Copaur Minerals Inc. (TSXV: CPAU) at the Kinsley Mountain Gold Project near Wendover, NV. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's exploration activities and future plans at its mineral exploration projects; reliance on technical information provided by third parties on any of our exploration projects; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months Ended March 31 , 2022,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that highly-significant values of lithium have been detected in water samples collected from boreholes GEM22-01 and GEM22-02, drilled in the inaugural 2022 drilling program at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . The water samples from both boreholes contain dissolved lithium in a calciummagnesium carbonate-type brine that was not easily recognized on site during the drilling program due to the presence of high levels of suspended solids.

Water samples from borehole GEM-22-01 averaged 327.7 milligrams per litre ("mg/L") lithium over 220 feet (67.07 metres) from 600 to 820 feet with a peak value of 519 mg/L lithium . Water samples from borehole GEM22-02 returned an average of 116.28 mg/L lithium over 460 feet (140.24 metres) from 600 to 1,120 feet (201.22 to 341.46 metres) with a peak value of 286.0 mg/L lithium (see Table 1 below).

Table 1:  Results of Lithium-in-Water Samples for boreholes GEM22-01 and GEM22-02

Borehole GEM22-01 Water Sample Results

Borehole GEM22-02 Water Sample Results

Lithium concentrations in GEM22-01 water samples ranged from 137 mg/L to 519 mg/L in the 220 foot (67.07 metres) thick zone from 600 to 820 feet (182.93 to 250 metres).

The 60-foot zone sampled from 820 to 880 feet (250 to 268.3 metres) in GEM22-01 contained no significant lithium values.

Lithium concentrations in GEM22-02 water samples ranged from "not detected" to 286mg/L in the 460- foot (140.24 metre) thick zone from 660 to 1120 feet (201.22 to 341.46 metres).

Nevada Sunrise drilled two reverse circulation ("RC") boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022 . The drill sites were located within a defined gravity low that hosts conductive layers detected by historical time domain electromagnetic ("TDEM") surveys (see Figure 1 below). The results from the first two holes at Gemini represent a new discovery of lithium-bearing sediments and lithium-in-water in the western Lida Valley, which has not been historically drill tested for lithium mineralization. Lithium-in-sediment values were significant:

Nevada Sunrise is evaluating the 2022 water and sediment sampling results in detail. These analytical results and preliminary research by the Company suggest that the Gemini lithium deposit is an example of the claystone deposit model situated in a closed arid basin, similar to lithium deposits found in the Clayton Valley and at other sedimentary-hosted lithium deposits in Nevada .

The host horizons at Gemini are dark green-gray to black volcanic ash-rich lacustrine sediments containing significant amounts of clay. High lithium concentrations are accompanied by high calcium and magnesium concentrations. The highest lithium concentrations in sediment samples are associated with dark gray/green to black, organic-rich claystone intervals. Brine samples from these intervals also carry the highest lithium concentrations found in groundwater. Further testing is required to identify the lithium-rich clay minerals and the source of the lithium-bearing brine found at Gemini.

Additional drilling is planned following receipt of an amendment to the current Bureau of Land Management drilling permit, which will be required to cover the Company's newly-expanded land position. In April and May 2022 , Nevada Sunrise staked 288 unpatented lode claims totaling 5,760 acres (1,756 hectares) over the outline of the gravity low to effectively cover the possible extent of the lithium-bearing clay layers. Follow-up geophysical TDEM surveys were completed at Gemini in May 2022 within the interpreted area of the historical gravity low to better map and assess the conductive layers first detected by Nevada Sunrise in 2016 (see Nevada Sunrise news release dated May 12, 2022 ). The new geophysical results are being compiled and interpreted.

For further information on Gemini, including location maps and photos please visit our website at: Gemini Lithium | Nevada Sunrise Gold Corp.

Gemini consists of 407 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Nevada Sunrise expanded the size of the Project by staking 80 new unpatented placer claims in March 2022 , and 288 additional unpatented lode claims in April and May 2022 .

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit. Drill pads and access roads remain in place at Gemini with an active drilling permit.

Water parameters including TDS, conductivity, temperature, and pH values were obtained in the field by direct measurement with a handheld Hanna Model 98194 Multiparameter Meter, which meets Good Laboratory Practice (as proscribed by the Organization for Economic Cooperation and Development) for calibration and measurement. All depth measurements reported, including sample and interval widths are down-hole.  As holes are oriented vertical and geologic stratigraphy is primarily horizontal to sub-horizontal, downhole measurements are assumed to be close to true thickness.

Thirty-seven (37) groundwater samples were collected at 20-foot (6.1-metre) intervals and sent to Western Environmental Testing Laboratory in Reno , Nevada under project chain-of-custody protocols for analysis. Industry standard methods for examination of water were employed by the laboratory. General chemistry testing included analysis for specific gravity, total hardness, total alkalinity, bicarbonate, carbonate, hydroxide, total dissolved solids (TDS) and electrical conductivity. Anions (chloride, sulfate) were analyzed by ion chromatography. Trace metals (lithium, magnesium, boron, calcium, potassium, strontium, and sodium) were analyzed by inductively coupled plasma-optical emission spectroscopy (ICP-OES) methods.

Sediment samples described in this new release are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram sample for each sample interval. Samples were submitted to American Assay and ALS in Reno, NV and were analyzed utilizing a multi-element ICP-AES method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover, NV. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada , U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin , Ph.D., and Gary L. Simmons , MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's 2022 exploration activities and future plans at the Gemini Lithium Project; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Six Months Ended March 31 , 2022,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to announce that the remaining geochemical analyses have been received for borehole GEM22-02, drilled at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . These additional analyses from borehole GEM22-02 have extended the length of the previously-reported mineralized intersection (see Nevada Sunrise news release dated April 28, 2022 ) and improved the lithium grade to 1,101.73 parts per million ("ppm") lithium over 730 feet (222.56 metres), including 2,217.69 ppm lithium over 130 feet (39.63 metres) and 3,304.34 ppm lithium over 50 feet (15.24 metres).

Borehole GEM22-02 was collared at a location approximately 0.69 miles (1.1 kilometre) south of GEM22-01 and intersected the same lithium-bearing clay layer at 390 feet (118.90 metres).  Samples were collected over 20-foot (6.1 metre) intervals 1 down to a depth of 300 feet (91.46 metres). Thereafter, samples were collected over 10-foot (3.05 metre) intervals 1 to the end of hole at 1,120 feet (341.46 metres). Samples were submitted to ALS Group USA ("ALS"), in Reno, Nevada , and produced the results shown in Table 1 below:

Table 1.  Final analytical results from borehole GEM22-02

1 Samples are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram sample for each sample interval.

Nevada Sunrise drilled two reverse circulation ("RC") boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022 . The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic ("EM") surveys. The results from the first two holes at Gemini represent a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization.

Additional drilling is planned following receipt of an amendment to the current Bureau of Land Management drilling permit, which will be required to cover the Company's newly-expanded land position. In April and May 2022 , Nevada Sunrise staked 288 unpatented lode claims totaling 5,760 acres (1,756 hectares) over the outline of the gravity low to effectively cover the possible extent of the lithium-bearing clay layers. Follow-up geophysical EM surveys are underway at Gemini within the interpreted area of the historical gravity low to further map and assess the conductive layers first detected by Nevada Sunrise in 2016 (see Nevada Sunrise news release dated May 12, 2022 ).

For further information on Gemini, including location maps and photos click here

Gemini consists of 407 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Nevada Sunrise expanded the size of the Project by staking 80 new unpatented placer claims in March 2022 , and 288 additional unpatented lode claims in April and May 2022 .

Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit. Drill pads and access roads remain in place at Gemini with an active drilling permit.

Sediment samples described in this new release were submitted to ALS and analyzed utilizing a multi-element ICP-AES method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and atomic emission spectrometry (AES) to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in the Lida Valley in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, also located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover, NV. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada , U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin , Ph.D., and Gary L. Simmons , MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's 2022 exploration plans at the Gemini Lithium Project; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months Ended December 31 , 2021,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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Nevada Sunrise Gold Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that a geophysical survey has commenced at its 100%-owned Gemini Lithium Project ("Gemini"), located in the Lida Valley basin in Esmeralda County, Nevada . The time-domain electromagnetic ("TDEM") survey is planned to expand the scope of geophysical surveys carried out by the Company in 2016. Conductive zones detected in the 2016 surveys were targeted in the Company's drilling program in March and April 2022 which intersected the following mineralized zones (see Nevada Sunrise news release dated April 28, 2022 ):

The 2022 surveys are designed to outline the possible lateral extent of the conductive, lithium-bearing clay layers within a historical gravity low that were intersected in drillholes GEM22-01 and GEM22-02. A total of 13.0 line kilometres are planned in three new survey lines as shown in Figure 1.

The TDEM moving loop survey will employ 400 metre by 400 metre loops to collect data along new survey lines parallel to the 2016 survey lines, which had detected a highly-conductive layer (see Figure 2 below). At present, the northern and western limits of the conductive clay layer at Gemini are not well-defined and the 2022 survey results are anticipated to add to the Company's geological knowledge of the conductive zones. Results from the TDEM survey are expected during May 2022 and based on those results, Nevada Sunrise plans to submit an amended drilling plan to the Bureau of Land Management ("BLM") for the permitting of new drill targets at Gemini.

Gemini consists of 407 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . Nevada Sunrise expanded the size of the Project by staking 80 additional unpatented placer claims and 288 new unpatented lode claims in the spring of 2022. Gemini is situated adjacent to the Gold Point Solar Energy Zone, a BLM land reserve set aside for solar and wind power generation projects until 2033. Drill pads and access roads are in place at Gemini with an active drilling permit.

The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit.

Nevada Sunrise drilled two reverse circulation ("RC") boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022 . The initial results represent a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization. The initial analytical results from boreholes GEM22-01 and GEM22-02 suggest that the lithium-bearing clay layers at Gemini may be widespread. Additional drilling is planned following receipt of an amendment to the current BLM drilling permit, which will be required to cover the Company's newly-expanded land position.

For further information on Gemini, including location maps and photos click here

The results of geochemical analysis on sediment samples described in this news release were shipped in March and April 2022 to American Assay Laboratories and ALS Group USA ("ALS") and were analyzed utilizing a multi-element ICP-MS method. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and spectrometry to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur", TSXV:CPAU), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's 2022 exploration plans at the Gemini Lithium Project; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months Ended December 31 , 2021,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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Nevada Sunrise Gold Corp . ("Nevada Sunrise", or the "Company") (TSXV: NEV) is pleased to announce that a wider and higher-grade intersection of lithium mineralization has been determined in the inaugural drilling program at its 100%-owned Gemini Lithium Project ("Gemini"), located in the Lida Valley basin in Esmeralda County, Nevada . Additional analyses from borehole GEM22-01 received this week have extended the length of the previously-reported mineralized intersection and improved the lithium grade to 1,203.41 parts per million ("ppm") lithium over 580 feet (176.83 metres), including 1,578.19 ppm lithium over 300 feet (91.46 metres).

Nevada Sunrise drilled two reverse circulation ("RC") boreholes for a total of 2,020 feet (615.85 metres) in its maiden drilling program at Gemini in March and April 2022 . The drill sites were located within a defined gravity low that hosts conductive layers detected by historical ground electromagnetic ("EM") surveys. The initial results represent a new discovery of lithium-bearing sediments in the western Lida Valley, which has not been historically drill tested for lithium mineralization.

Borehole GEM22-01 intersected a lithium-bearing clay layer at 320 feet (97.56 metres) and in early April 2022 , the Company rushed samples collected from 320 to 520 feet to determine its fertility (see Nevada Sunrise news release dated April 21 , 2022: " Nevada Sunrise Intersects 950 ppm Lithium over 200 Feet in Maiden Drilling Program at the Gemini Lithium Project, Nevada "). Additional samples collected over 20-foot intervals 1 below the 520-foot level to the end of hole at 900 feet were processed within a larger batch of 210 composite sediment samples submitted to ALS Group USA ("ALS"), in Reno, Nevada , and produced the results shown in Table 1 below:

Table 1.  Final analytical results from borehole GEM22-01

1 Samples are a composite of material collected from the rotary splitter in the RC drilling rig, which produces a continuous, representative 3 to 5 kilogram sample for each 20-foot interval.

Borehole GEM22-02 was drilled to a depth of 1,120 feet (341.5 metres) at a location approximately 0.69 miles (1.1 kilometre) south of GEM22-01 and also encountered the fertile clay layer. Representative samples were submitted in a second suite of rush samples and returned weighted-average values of 775.9 ppm lithium over 130 feet (39.63 metres) from 390 to 520 feet (118.90 to 158.54 metres), including 1,133.1 ppm lithium over 40 feet (12.20 metres) from 480 to 520 feet (146.34 to 158.54 metres). The analytical results for an additional 131 samples from GEM22-02 are still pending.

Additional drilling is planned following receipt of an amendment to the current Bureau of Land Management drilling permit, which will be required to cover the Company's newly-expanded land position. In April 2022 , Nevada Sunrise staked 268 lode claims totaling 5,420 acres (2,193.4 hectares) over the outline of the gravity low to effectively cover the possible extent of the lithium-bearing clay layers. Follow-up geophysical EM surveys are planned in the spring of 2022 within the gravity low to further map the conductive layers first detected by Nevada Sunrise in 2016.

For further information on Gemini, including location maps and photos click here

Gemini consists of 387 unpatented placer and lode claims located in the western Lida Valley, Esmeralda County , approximately 6 miles (10 kilometres) east of the town of Lida, Nevada . Nevada Sunrise expanded the size of the Project by staking 80 new unpatented claims in March 2022 , and 268 additional unpatented claims in April 2022 . Gemini is situated adjacent to the Gold Point Solar Energy Zone, a Bureau of Land Management land reserve set aside for solar and wind power generation projects until 2033. Drill pads and access roads remain in place at Gemini with an active drilling permit.

The Lida Valley is a flat, arid basin with a similar geological setting to the better-known Clayton Valley basin where Albermarle Corporation operates the Silver Peak lithium brine mine, which has operated continuously since 1966. Exploration at Gemini is complemented by the Company's 80.09 acre/feet/year water right, a pre-requisite for the exploration and development of lithium brine projects in Nevada . Under the laws of Nevada , water cannot be pumped from a subterranean source without a valid water permit.

Sediment samples were shipped to American Assay and to ALS. The rush samples reported in this document were analyzed at American Assay utilizing a multi-element ICP-MS method. The additional samples reported in this document were processed by ALS on a standard turn-around and analyzed with similar multi-element ICP-MS methods. Specifically, the analytical method involves aqua regia digestion of the sample followed by the inductively coupled plasma (ICP) technique to ionize the sample, and spectrometry to determine elemental concentrations. Duplicates, field blanks, and certified reference standards were inserted at regular intervals in the sample stream to ensure accuracy of the analytical method.

The scientific and technical information contained in this news release has been reviewed and approved by Robert M. Allender, Jr. , CPG, RG, SME and a Qualified Person for Nevada Sunrise as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in gold, copper, cobalt and lithium exploration projects located in the State of Nevada, USA .

The Company's key gold asset is a 20.01% interest in a joint venture with New Placer Dome Gold Corp. (TSXV: NGLD) at the Kinsley Mountain Gold Project near Wendover, NV. Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada , U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin , Ph.D., and Gary L. Simmons , MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).

Nevada Sunrise has right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. (TSXV: GEMC) holding an 85% participating interest.

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

This release may contain forward – looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and include disclosure of anticipated exploration activities. Although the Company believes the expectations expressed in such forward – looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward – looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward – looking statements whether as a result of new information, future events or otherwise.

Such factors include, among others, risks related to the Company's 2022 exploration plans at the Gemini Lithium Project; reliance on technical information provided by third parties on any of our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays due to pandemic; delays in obtaining governmental approvals, financing or in the completion of exploration, as well as those factors discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for the Three Months Ended December 31 , 2021,  which is available under Company's SEDAR profile at www.sedar.com .

Although Nevada Sunrise has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Nevada Sunrise disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities of Nevada Sunrise Gold Corporation have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person.

SOURCE Nevada Sunrise Gold Corporation

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Falcon Gold Corp. (TSX-V:FG), (FRA:3FA), (OTCQB:FGLDF); ("Falcon Gold" or the "Company") is pleased to announce ground crews have been mobilized to our Gander North Project. The Company has received its initial permits for our first phase of exploration, which will include base line prospecting, soil sampling, trenching to vector high priority targets for drill plan submission

"The Gander Project is a contender, being perfectly situated on trend in the heart of the action. The recent soil sampling released by Sassy and world-renowned prospector Shawn Ryan is further validation our land positions are in highly prospective terrains; our interpretations show a high probability of continuation of a structural system runs through our ground." Stated, Karim Rayani Chief Executive Officer.

The Gander North project covers 10,150 hectares. These claims are located 25 kilometres due east of New Found Gold's Queensway project and are contiguous to Gander Gold which were previously held by Sassy Resources Gander Project, which Sassy had optioned from Shawn Ryan.

Northeast-trending structural lineaments first recognized by Sassy Resources to the immediate east are interpreted to continue onto our property. An interpretation of the regional magnetics shows north-northeast-trending, ophiolite-bearing thrust faults are crosscut by a series of brittle northeast-trending fault-fractures, which indicate a regional setting like that to the highly prospective eastern Exploits subzone. Gold mineralization models along the Exploits subzone are based on analogous structural settings to those at Fosterville in Victoria, Australia.

Recent exploration by Gander Gold on its Gander North project have returned spectacular results from soil geochemistry sampling surveys as evidenced with recent published results of 1,432 parts per billion gold in northeast-trending zones.

Figure 1. Gander North Map Showing Strategic Location

On June 1st, 2022, the Company's announced its intent to spin-out its Latin American subsidiary Latamark Resources. The company has now finalized the terms and amended the agreement which is subject to TSX Venture Exchange, regulatory and court approvals, as well as shareholder approval by not less than two-thirds of the votes at the annual general meeting to be held in August 2022. Full details of the spinout transaction will be included in the management information circular to be sent to Falcon Gold shareholders in connection with the meeting. It is anticipated that Falcon Gold shareholders will be entitled to receive one common share of Latamark for every 5.8 common shares of Falcon Gold held as of the effective date of the arrangement. No Falcon Gold options, or warrants will entitle the holders to receive any shares or other convertible securities of Latamark, except to the extent such holders exercise such options or warrants to acquire common shares of Falcon Gold prior to the effective date of the arrangement. There will be no change in shareholders' holdings in Falcon Gold as a result of the arrangement.

Wayne Holmstead, P.Geo., a "qualified person" as such term is defined by National Instrument 43-101, has reviewed the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Falcon.

Falcon is a Canadian mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Falcon's flagship project, the Central Canada Gold Mine, is approximately 20km southeast of Agnico Eagle's Hammond Reef Gold Deposit which has currently estimated 3.32 million ounces of gold (123.5 million tonnes grading 0.84 g/t gold) mineral reserves, and 2.3 million ounces of measured and indicated mineral resources (133.4 million tonnes grading 0.54 g/t gold). The Hammond Reef gold property lies on the Hammond shear zone, which is a northeast-trending splay off the Quetico Fault Zone ("QFZ") and may be the control for the gold deposit. The Central Gold property lies on a similar major northeast-trending splay of the QFZ.

The Company holds 9 additional projects: The Esperanza Gold/Silver/Copper mineral concessions located in La Rioja Province, Argentina, The Viernes Gold/Silver/Copper project in Antofagasta Chile, The Springpole West Property in the world-renowned Red Lake mining camp; a 49% interest in the Burton Gold property with Iamgold near Sudbury Ontario; and in B.C., the Spitfire-Sunny Boy, Gaspard Gold claims; and most recently the Great Burnt, Hope Brook, and Baie Verte acquisitions adjacent to First Mining, Matador, Benton-Sokoman's JV, and Marvel Discovery in Central Newfoundland.

Falcon Gold Corp. "Karim Rayani" Karim Rayani Chief Executive Officer, Director Telephone: (604) 716-0551 Email: k@r7.capital

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Quadro Resources Ltd. (TSXV: QRO) (OTCQB: QDROF) (FSE: G4O2) ("Quadro" or the "Company") is pleased to announce that, subject to TSX Venture Exchange (the "Exchange") approval, it has signed an option agreement for the Staghorn property in Newfoundland and Labrador (the "Property") with TRU Precious Metals Corp. ("TRU"), giving TRU the option to acquire up to an aggregate 65% interest in the Property (the "Staghorn Option").

In order for TRU to exercise the Initial Option of 51% interest in the Property, TRU shall make the following payments, shall cause the following shares to be issued and in the name of Quadro (the "Purchase Price") and shall incur an aggregate of $1,100,000 of exploration expenditures (subject to certain adjustments) (the "Exploration Expenditures"), including at least an aggregate of $660,000 worth of drilling activities on the Property (the "Initial Drilling Commitments") on or before the corresponding dates set forth below.

On the Effective Date, the parties shall form an exploration committee to review upcoming exploration programs to be conducted and objectives to be accomplished with respect to the Property. Under the terms of the Option Agreement, TRU shall be the Operator with overall responsibility for the exploration operations on the Property.

Upon acquiring the 51% Interest in the Property pursuant to the exercise of the Initial Option, the Optionee may exercise the Additional Option and acquire the additional 14% Interest by: (i) providing the Optionor with written notice of its intention to exercise the Additional Option within 30 days of exercising the Initial Option; (ii) making a payment of $200,000 in cash to the Optionor within 45 days of exercising the Initial Option; (iii) issuing to the Optionor (or as the Optionor may otherwise direct) within 45 days of exercising the Initial Option $250,000 in Shares, such Shares to have a deemed issue price per Share equal to the greater of: (a) the VWAP of the Shares; and (b) the lowest discounted price permitted pursuant to the policies of the Exchange; and (iv) incurring an additional $850,000 of Exploration Expenditures, within two years of exercising the Initial Option.

Upon the Optionee acquiring the 51% Interest in the Property and failing to exercise the Additional Option, or the 65% Interest in the Property, as the case may be, the Parties hereby agree to enter into a joint venture agreement (the "JVA"), such JVA to contain normal industry standard terms for transactions of this nature, to be agreed upon by the Parties, each acting reasonably, and shall provide, inter alia: (i) the intended scope and business of the joint venture; (ii) the participating Interests of the Parties, with the Optionee holding a 51% Interest in the Property and the Optionor holding a 49% Interest in the Property if only the Initial Option is exercised or with the Optionee holding a 65% Interest in the Property and the Optionor holding a 35% Interest in the Property if the Additional Option is exercised; (iii) a management committee to determine the overall policies, objectives, budgets, procedures, methods and actions with respect to the Property, and such committee shall consist of 3 members: 2 selected by the Optionee, and 1 selected by the Optionor; (iv) the powers and duties of the Operator of the Property; (v) disposition of production (if applicable); (vi) required expenditure commitments and costs, including but not limited to all expenses, obligations and charges incurred in connection with the maintenance, exploration and development of the Property (collectively, the "JVA Costs"); (vii) adjustment and dilution of Interests; (viii) dispute resolution procedures and remedies; and (ix) termination of the JVA.

From T. Barry Coughlan (CEO): "We are pleased that TRU has optioned our Staghorn gold property. TRU's existing claim package of its Golden Rose Project is contiguous to the Staghorn claims and it is therefore a strategic exploration expansion for it to option Staghorn. The Staghorn option agreement will have TRU focused on drilling to earn its option, allowing the Staghorn data package to be strengthened and expanded upon. This will allow Quadro to focus on exploration and drilling at Long Lake and initial exploration work at the Careless Cove/Yellow Fox properties (see Figure 2).

"Our exploration and drilling programs to date at Staghorn have shown that the Marks Pond Gold Horizon has been extended to over 600m in strike length and has proven continuity down dip, with the most significant aspect being the recent discovery of a lower zone of high-grade mineralization with visible gold below the main zone. We look forward to developing the Staghorn targets together with TRU, through additional drilling to follow up on the high-grade lower zone and wide step out drilling on the Marks Pond Horizon where a number of gold-in-soil anomalies remain to be tested."

Quadro is focused on the gold rich Cape Ray Fault system, described as one of the most prospective but underexplored regions in Canada. Located in west-central Newfoundland, the Staghorn property as well as the Long Lake property cover portions of the auriferous Cape Ray Fault system which hosts a number of active gold exploration programs including Marathon Gold's Valentine Lake deposits (Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.92 Moz (32.59 Mt at 1.83 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.22 Moz (24.07 Mt at 1.57 g/t). Additional Inferred Mineral Resources are 1.64 Moz (29.59 Mt at 1.72 g/t Au). "N.I. 43-101 Technical Report & Feasibility Study on the Valentine Gold Project, Newfoundland and Labrador, Canada" prepared by Ausenco Engineering Canada Inc. with an effective date of April 15, 2021). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

Figure 1: Quadro's Staghorn project, Newfoundland (courtesy of TRU).

To view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/5339/128007_3ea353a724a83930_002full.jpg

Figure 2: Quadro's Careless Cove/Yellow Fox properties.

To view an enhanced version of Figure 2, please visit: https://orders.newsfilecorp.com/files/5339/128007_3ea353a724a83930_003full.jpg

The Marks Pond Gold Horizon has been extended to over 600m in strike length and has proven continuity down dip. The most significant aspect of 2021 was the discovery of a lower zone of high-grade mineralization with visible gold below the main zone. Additional drilling is planned to follow up on the high-grade lower zone and wide step out drilling on the Marks Pond Horizon where a number of gold-in-soil anomalies remain to be tested.

Quadro has implemented a quality control program on its drill programs at the Staghorn Project to ensure best practice in sampling and analysis. Quadro maintains strict quality assurance/quality control protocols including the systematic insertion of certified standard reference and blank materials into each sample batch. Analyses in this release were performed by Actlabs of Ancaster, ON, with ISO 17025 accreditation. All samples were assayed using industry-standard assay techniques for gold. Gold was analyzed by a standard 30 gram fire assay with an AA finish.

Quadro acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Wayne Reid, P. Geo., VP Exploration for Quadro and a qualified person as defined in National Instrument 43-101, is responsible for this release and supervised the preparation of the information forming the basis for this release.

Quadro is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold in North America. The Company's shares trade on the TSX Venture Exchange under the symbol "QRO". Quadro owns a 100% interest in the Staghorn property, which it has optioned to TRU Precious Metals Corp., has an option to earn a 100% interest in the Long Lake and Careless Cove properties, and has an option to earn an initial 51% interest in the Tulks South Property, in Newfoundland.

On behalf of the board of directors, Quadro Resources Ltd.

"T. Barry Coughlan" President and CEO

Tel (604) 644-9561 info@quadroresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128007

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Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) ("Fortune Bay" or the "Company") is pleased to announce initial drill targets for its 100% owned Murmac Uranium Project ("Murmac" or the "Project") located in northern Saskatchewan (see Figures 1 and 2).

Dale Verran , CEO for Fortune Bay, commented, "We are pleased to announce an initial set of drill targets for Murmac which have the potential to yield a discovery of high-grade, basement-hosted uranium mineralization related to the Athabasca Basin. The maiden drilling program, scheduled to commence shortly, is planned to test an initial eight to ten targets along three prospective corridors. We look forward to reporting drill results for Murmac, in addition to results from the ongoing drilling at the Strike Uranium Project."

Background The Project is located within the original uranium mining district of Canada , lying between the historical Gunnar and Lorado Uranium Mines. The Project was explored for Beaverlodge-style uranium mineralization predominantly during the period 1960 to 1980. Historical exploration work focused on ground prospecting and sampling, followed by trenching and/or drill testing. Numerous high-grade (> 1% U 3 O 8 ) uranium occurrences were discovered (see News Release dated September 28, 2021 ) demonstrating a significant endowment of uranium in the area. The numerous conductive units (graphite-bearing metasediments) were never systematically explored for high-grade, basement-hosted uranium mineralization typical of the Athabasca Basin and its margins. Due to their physical properties, the conductive units predominantly manifest as valleys and topographical lows, covered by overburden and small shallow lakes. These "blind" conductors have therefore not been amenable to historical surface prospecting and warrant drill testing where favorable targets have been identified. The Athabasca Basin margin is located approximately five kilometres to the south of the Project, indicating vertical proximity to the basal unconformity (now eroded) and good preservation potential for basement-hosted mineralization.

Drilling Program and Operational Details Drilling of the initial target areas is expected to commence in the coming days following completion of drilling at the Strike Uranium Project. The Company has the required permits for the planned exploration activities.

Qualified Person and Data Quality The technical and scientific information in this news release has been reviewed and approved by Dale Verran , M.Sc., P.Geo., Chief Executive Officer of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Verran is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

Unless otherwise stated, the historical results (including drill results) contained within this news release have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers these results relevant to assess the mineralization and economic potential of the property. The historical drill results obtained by SMDC in drill holes CKI-9 and CKI-10 can be found within the Saskatchewan Mineral Assessment Database (SMAD) references 74N07-0310 and 74N07-0311.

Fortune Bay Corp. (TSXV:FOR, FWB: 5QN) is an exploration and development company with 100% ownership in two advanced gold exploration projects in Canada , Saskatchewan (Goldfields Project) and Mexico , Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing the 100% owned Strike and Murmac uranium exploration projects, located near the Goldfields Project, which have high-grade potential typical of the Athabasca Basin. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation.

On behalf of Fortune Bay Corp.

"Dale Verran" Chief Executive Officer 902-334-1919

Cautionary Statement Regarding Forward-Looking Information Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, availability of contractors, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/16/c8083.html

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NV Gold Corporation (TSXV:NVX)(OTCQB:NVGLF)(FSE:8NV) ("NV Gold" or the "Company") is pleased to announce the appointment of Mr. John Seaberg as the Company's new Chief Executive Officer

Mr. Seaberg has held several executive roles within the mining industry throughout his career. Since September, 2021, he has been CFO of Condor Gold plc. From July 2019 to June 2021, he was the Senior Vice President and CFO of Calibre Mining. Prior to Calibre, he was the Executive Chairman of Paramount Gold Nevada Corp. He was previously Senior Vice President of Strategic Relations at Klondex Mines Ltd. In this role he was responsible for global investor relations and corporate development initiatives as an acting member of the senior executive team. Prior to Klondex, John was employed for more than 12 years by Newmont Mining Corporation where he last held the position of Vice President, Investor Relations. He has a Bachelor of Science Business Administration (BSBA) degree from Colorado State University and a Masters of BusinessAdministration (MBA) from the University of Denver.

John Watson, NV Gold's Chairman commented - "I am very pleased to introduce Mr. Seaberg as NV Gold's new CEO. His breadth of experience is well-suited to lead our Company into the future. John's strong background in finance and investor relations, combined with his industry reputation will be pivotal to achieving the Company's goals. NV Gold is pursuing an aggressive exploration strategy designed to take advantage of its significant Nevada property portfolio."

Concurrent with Mr. Seaberg's appointment as CEO, Mr. Seaberg has been appointed to the Company's Board of Directors and John Watson will resume being just the Chairman of the Company.

In addition, the Company has granted 3,100,000 stock options to directors and officers of the Company, each option entitling the holder to purchase one common share of the Company at C$0.10 per share for five years.

On behalf of the Board of Directors,

For further information, visit the Company's website at www.nvgoldcorp.com or contact: Freeform Communications at 604.245.0054

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN) (OTCQB:GMTNF) (FRA:5XFA) reports its first-quarter 2022 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three months ended April 30, 2022, is available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars ("$"), unless otherwise noted

In the Company's first producing quarter, Gold Mountain began start-up operations at the Elk Gold Mine to commission its newly constructed sample plant and streamline its procedures to accommodate the Elk's narrow-vein, high-grade structure.

The Elk Gold Mine also experienced challenges during commissioning with respect to both grade control and sampling processes, which resulted in lower than forecast ore production during the initial ramp-up.

The Company has implemented a number of initiatives that are expected to positively impact future mining results. They include hiring industry experts that have experience mining narrow-vein deposits, implementing a robust in-fill drill program and examining other initiatives such as preconcentration technologies. The Company anticipates that it will continue working through these initiatives during the upcoming quarter.

For the three months ended, April 30, 2022,

The Company is reorganizing its management structure which will see Ron Woo transition from the role of President to Vice-President of Permitting. Kevin Smith will be taking on the duties of the President.

The foregoing technical information was approved by Grant Carlson, P.Eng., a Qualified Person, as defined under National Instrument 43-101 and the Chief Operating Officer for the Company.

Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a producing mine located 57 KM from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company's new website at www.gold-mountain.ca.

For further information, please contact:

Twitter: www.twitter.com/goldmtnmine_

This includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward- looking statements include statements that are based on assumptions as of the date of this news release and are not purely historical including any information or statements regarding beliefs, plans, expectations or intentions regarding the future and often, but not always, use words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this press release include the positive impact the operational initiatives set out above will have on ore production and recovered ounces, the timing for any update to the resource estimate at the Elk Gold Project and the impact of Phase III on the Company's resource estimates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; and the results of current exploration. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a comprehensive overview of all risks that may impact the Company, please see the Annual Information Form for the year ended January 31, 2021 a copy of which was filed on November 4, 2021 and is available on SEDAR.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

[1] The expanded case is contemplated in the Company's 2021 PEA, a copy of which is available at www.sedar.com. The 2021 PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the 2021 PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

[2] This is a non-IFRS financial measure. Please refer to the "Non-IFRS Financial Measures" section at the end of this MD&A for a description of these non-IFRS financial measures and a reconciliation to operating costs from the Company's condensed interim consolidated financial statements.

SOURCE: Gold Mountain Mining Corp

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FireFox Gold Corp. ("FireFox" or the "Company") announces that it intends to raise up to $1,000,000 by way of a non-brokered private placement (the "Private Placement"). The Private Placement will consist of up to 7,142,857 units of the Company ("Units") at a price of $0.14 per Unit. Each Unit will consist of one common share of the Company ("Common Share") and one common share purchase warrant ("Warrant"), with each whole Warrant being exercisable to acquire one common share of the Company (a "Warrant Share") at an exercise price of $0.21 per Warrant Share for a term of two years following the closing of the Offering

It is anticipated that the proceeds of the Private Placement will be used for general working capital and exploration activities on FireFox's gold exploration properties in Finland. Prior to this financing, FireFox has 112.7 million shares outstanding, 27.1 million warrants, and 7.6 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Company anticipates that the Private Placement will close on or about June 28, 2022. The Company expects to pay finder's fees in association with this financing.

FireFox Gold Corp is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. FireFox also trades on the OTCQB Venture Market Exchange in the US under the ticker symbol FFOXF. The Company has been exploring for gold in Finland since 2017 where it holds a huge portfolio of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top-10 rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information, please refer to the Company's website www.firefoxgold.com and profile on the SEDAR website at www.sedar.com.

On behalf of the Board of Directors,

"Carl Löfberg" Chief Executive Officer

FireFox Gold Corp. Email: info@firefoxgold.com Telephone: +1-778-244-8439

The information herein contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, the extent of work stoppage and economic impacts that may result from the COVID 19 virus, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.

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