VANCOUVER, BC, 12 August 2024 /CNW/ – Nevada Sunrise Metals Corp. (TSXV:NEV) (OTCBB:NVSGF) (“Nevada Sunrise” or the “Company”) has completed its transaction with CopAur Minerals Inc. (“CopAur“) previously announced July 8, 2024. CopAur has acquired Nevada Sunrise’s 18.74% interest in the Kinsley Mountain Gold Project joint venture Nevada (“Kinsley Mountain“).

CopAur acquired Nevada Sunrise’s minority interest in Kinsley Gold LLC, the joint venture that holds rights to Kinsley Mountainpursuant to a purchase agreement dated 8 August 2024in return for the payment of 475,000 CAD$ in cash and the issuance of 1,000,000 common shares of CopAur (the “Consideration shares“). The Consideration Shares are subject to a four-month statutory holding period (the “Holding period“) and voluntary hold periods for a further nine months. The first 250,000 Consideration Shares will be released upon expiry of the hold period and the remaining shares will be released in equal tranches every three months thereafter.

About Nevada Sunrise

Nevada Sunrise is a young mineral exploration company with a strong technical team based in Vancouver, BC, Canadawhich holds interests in lithium and copper exploration projects in the State of Nevada, USA.

Nevada Sunrise owns 100% of the shares in twins, Jackson car wash And wasteland Lithium projects, all located in the Lida Valley in Esmeralda County, NVand in pelican Lithium project in Saskatchewan, Canada.

Gemini is located near Gold Point, Nevadaadjacent to the Bureau of Land Management’s Gold Point Solar Energy Zone and hosts a National Instrument 43-101 compliant inferred lithium resource estimated at approximately 1.3 million tonnes of lithium, or 7,1 million tonnes LCE (lithium carbonate equivalent) contained in 1,200 million tonnes of lithium mineralised clay with an average content of about 1,130 ppm lithium (Click here to review the “NI 43-101 Technical Report, Resource Estimate for the Gemini Lithium Project, Esmeralda County, Nevada” dated March 8, 2024).

To complement the future development of its Gemini lithium resource, the Company owns Nevada Water Rights Permit 86863 in the Lida Valley Basin, consisting of 80.09 acres/foot/year.

Nevada Sunrise has the right to acquire a 100% interest in the Coronado Copper Projectabout 48 kilometers southeast of Winnemucca, NV.

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FORWARD-LOOKING STATEMENTS

This news 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 state that events or conditions “will,” “would,” “could,” “might” or “should” occur, or include disclosure of anticipated exploration activities. Although the Company believes that the expectations reflected 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 at the date the statements are 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, but are not limited to, risks associated with: reliance on technical information provided by third parties regarding our exploration properties; changes in project parameters as plans continue to be refined; current economic conditions; future commodity prices; potential fluctuations in quality or recovery rates; failure of equipment or processes that do not perform as expected; failure of contracting parties to meet their obligations; labor disputes and other risks inherent in the mining industry; delays due to a pandemic; delays in obtaining regulatory approvals, financing or completing exploration, and those factors discussed in the “Risk Factors” section of the Company’s Management’s Discussion and Analysis for the six months ended March 31, 2024available under the 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 the forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. No assurance can be given 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 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.

Source: Nevada Sunrise Metals Corporation

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