Nevada Sunrise and Advantage Lithium intersect Brines Grading Up to 218 ppm Lithium at Clayton Northeast Project

VANCOUVER, Nov. 1, 2016 - Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) and its joint venture partner, Advantage Lithium Corp. ("Advantage Lithium") (TSXV: AAL) are pleased to announce lithium-bearing brines have been intersected in the first borehole of the 2016 drilling program at the Clayton Northeast lithium brine project in the Clayton Valley, Nevada ("Clayton NE", or the "Project").  Clayton NE borders the Silver Peak mine operated by Albemarle Corporation ("Albemarle") (NYSE: ALB), North America's only producing lithium mine.  Hole CNE-16-01, still in progress, has encountered classic Clayton Valley permeable sedimentary strata and has intersected aquifer formations that host brines at depths between 553 and 1,200 feet (169 to 366 metres). Lithium values in the first five grab samples taken within the aquifer zones are highly anomalous, including up to 218.0 parts per million ("ppm"), with three of the five samples averaging 209.0 ppm lithium. Target depth for hole CNE-16-01 is estimated at 1,500 feet (457 metres), or until contact with bedrock.

"Our first borehole has confirmed the prospectivity of the Clayton NE property for lithium-bearing brines," said Warren Stanyer, President and CEO of Nevada Sunrise. "Exploration drilling into aquifer zones is a demanding task, and the success of this inaugural hole is a tribute to the collective experience of our geological team and our drill crew."

Conventional dual-tube reverse circulation ("RC") drilling intersected typical Clayton Valley strata consisting of alternating layers of gravel, volcanic ash and clay. The Main Ash and the Lower Aquifer System, as described by Zampirro, (2003) were encountered beginning at 553 feet (169 metres). A zone of increased water flow was encountered between 735 and 800 feet (224 to 244 metres) in the borehole. Three water samples were collected from this zone. Analysis of these samples shows this zone (interpreted to be the Lower Aquifer System) to carry significant lithium concentrations (see table below).

Clayton NE Lithium Brine Exploration Project - Initial Results (as of October 30, 2016)

Approximately 240 drill cutting samples of the sediments have been collected for each 5-foot interval within the borehole, from which representative samples will be selected for analysis.

Total dissolved solids ("TDS") values for the first five brine samples from borehole CNE-16-01 ranged from 110,000 ppm for the samples containing the highest lithium values, to a low of 7,200 ppm for the sample containing the lowest lithium value. A direct correlation between higher lithium values and higher strength brine is indicated. These initial results from CNE-16-01 for three of the first five samples are generally comparable to Albemarle's brine samples from production wells as reported from 2009-2013 to the State of Nevada for Annual Water Pollution Control Permits (Source: Pure Energy Minerals Ltd. National Instrument 43-101 Technical Report entitled "Inferred Resource Estimate for Lithium, Clayton Valley South Project, Clayton Valley, Esmeralda County, Nevada USA", dated July 17, 2015).

2016 Exploration Program Highlights

• The 2016 exploration drilling program is planned to include three RC drill holes totaling approximately 4,920 feet (1,500 metres), focussed on lithium brine targets close to the Silver Peak mine border and several of Albemarle's production wells;
• In September 2016, an 11.0 line-km Volterra 3D-IP ground geophysical survey successfully imaged highly-conductive horizons to the survey depth limit of approximately 2,600 feet (800 metres) - these conductive zones have been confirmed in hole CNE-16-01 as brine-bearing formations;
• The three high-priority drill targets were chosen to best intersect the broadest and most conductive zones detected by the geophysical survey;
• The drill will be mobilized to the second target of the program upon completion of borehole CNE-16-01;
• Nevada Sunrise and Advantage Lithium are the only lithium explorers in the Clayton Valley, other than Albemarle, with access to certified water rights for the purposes of future development.

For further information on Clayton NE, including location maps, see the Company's website under "Projects-Nevada Lithium" at: http://www.nevadasunrise.ca/projects/nevadalithium/

Groundwater samples were sent to Western Environmental Testing Laboratory in Reno, Nevada for analysis. General chemistry testing included analysis for specific gravity, total hardness and alkalinity, bicarbonate, carbonate, hydroxide, TDS and electrical conductivity. Anions (chloride, sulfate) were analyzed by ion chromatography. Trace metals (lithium, magnesium, boron, calcium, potassium and sodium) were analyzed by ICP-OES. TDS values obtained in the field are measured with a handheld YSI Model 556 Multiparameter Meter, which meets Good Laboratory Practice 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.

Robert M. Allender, Jr., CPG, RG, SME is the Company's designated Qualified Person for this news release within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained herein.

About Clayton NE

• Consists of 50 unpatented claims totaling approximately 1,000 acres (405 hectares);
• Clayton NE is subject to an option earn-in agreement where Advantage Lithium can earn up to a 70% interest in the Project after fulfilling CDN$3.0 million in exploration expenditures on a package of five lithium properties optioned from Nevada Sunrise (for further details, see Nevada Sunrise news release dated June 20, 2016);
• Nevada Sunrise is the project manager at Clayton NE on behalf of Advantage Lithium, the operator.

About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC, Canada, that holds interests in nine mineral exploration projects in the State of Nevada, USA. Nevada Sunrise began acquisitions of Nevada lithium properties in September 2015, which include options to earn a 75% interest in the Neptune project (Resolve Ventures Inc. (TSXV: RSV) owns a 25% interest), a 100% interest in the Clayton Northeast project, and a 100% interest in the Aquarius Project, all located in the Clayton Valley area. The Company also holds options to earn 100% interests in the Jackson Wash and Atlantis projects, and has a 50% participating interest in the Gemini project, each located in playas proximal to the Clayton Valley. The Company has recently optioned five of the Nevada lithium projects to Advantage Lithium Corp. (TSXV: AAL), and the Atlantis project is currently under option to American Lithium Corp. (TSXV: LI).

The Company's three key gold assets include a 21% interest in a joint venture with Pilot Gold Inc. (TSX: PLG) at Kinsley Mountain near Wendover, a 100% interest in the Golden Arrow project near Tonopah, and an option to earn a 100% interest in the Roulette gold property in the southeastern Carlin trend near Ely, with each of the properties subject to certain production royalties.