Nevada Sunrise Closes First Tranche of Private Placement

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2014) - Nevada Sunrise Gold Corporation (TSXV: NEV) ("Nevada Sunrise" or the "Company") announced today that it has closed the first tranche of its non-brokered $620,000 private placement of 6,200,000 units (the "Units") at a price of $0.10 per Unit (the "Offering") with each Unit consisting 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 an additional common share (a "Warrant Share") at an exercise price of $0.15 per Warrant Share until January 10, 2016.

Nevada Sunrise placed 5,400,000 Units in the first tranche of the Offering for gross proceeds of $540,000. In connection with closing the first tranche of the Offering, the Company paid a finder's fee of 5% cash totaling $20,000 and issued 280,000 finder's warrants (each a "Finder's Warrant") representing 7% of the Units placed by the finder. Each Finder's Warrant will entitle the holder thereof to purchase a Unit in Nevada Sunrise at a price of $0.10 per Unit, exercisable at any time for 24 months following issuance.

All securities issued in the Offering are subject to a four-month hold period until May 10, 2014, 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.

Proceeds from the Offering will be used to fund the exploration of the Company's Nevada precious metals properties and as general working capital.

FOR FURTHER INFORMATION CONTACT:
Warren Stanyer
Chief Executive Officer
Telephone: (604) 428-8028
Facsimile: (604) 689-5528
Email: warrenstanyer@telus.net

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. Although Nevada Sunrise 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.

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 of 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.

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

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