Nevada Sunrise Closes $1.055 Million Private Placement

About this update from Nevada Sunrise Metals Corporation

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2026) - Nevada Sunrise Metals Corporation (TSXV: NEV) (OTC Pink: NVSGF) ("Nevada Sunrise" or the "Company") announced today that it has closed the second and final tranche of its non-brokered private placement first announced on June 8, 2026 (the "Offering") in the amount of 633,500 units (the "Units") at a price of $0.03 per Unit for gross proceeds of $19,005 (the "Second Tranche"). The First Tranche closed on July 7, 2026 in the amount of 34,536,282 units at a price of $0.03 per Unit for gross proceeds of $1,036,088.46 (the "First Tranche"), giving the combined total gross proceeds for the First and Second Tranches of $1,055,093.46 for the sale of 35,169,782 Units. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.05 for a period expiring three years following the closing dates of the First and Second Tranches of the Offering. In connection with closing the First Tranche, the Company paid finder's fees to Canaccord Genuity Corp. of 6% cash totaling $12,600 and issued 420,000 finder's warrants (each a "Finder's Warrant") representing 6% of the Units placed by the finders. Each Finder's Warrant will entitle the holder to purchase one common share in Nevada Sunrise at a price of $0.05 per common share, exercisable for a period expiring three years following the closing date of the Offering. No finder's fees were paid in connection with the Second Tranche. The Offering was available to accredited investors and individuals that qualified under certain other statutory exemptions. The securities issued pursuant to the First Tranche will be subject to a statutory four-month hold period expiring November 8, 2026, and the securities issued pursuant to the Second Tranche will be subject to a statutory four-month hold period expiring November 24, 2026, during which time the securities may not be traded. The Offering is subject to the acceptance of the TSX Venture Exchange. Three insiders of the Company subscribed for a total of 800,000 Units in the First Tranche, and one insider subscribed for 100,000 Units in the Second Tranche. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101 ("MI 61-10...

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