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

VANCOUVER, BC, Aug. 16, 2023 /CNW/ - Nevada Sunrise Metals Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce a non-brokered private placement (the "Offering") for gross proceeds of up to $1,600,000 consisting of 20,000,000 units (the "Units") at a price of $0.08 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 $0.12 for a period expiring 2 years from the closing date of the Offering.