Nevada Sunrise Announces $875,000 Private Placement

Vancouver, British Columbia--(Newsfile Corp. - March 4, 2014) - Nevada Sunrise Gold Corporation (TSXV: NEV) ("Nevada Sunrise" or the "Company") is pleased to announce that it has arranged a private placement of up to 2,500,000 units (the "Units") at a price of $0.35 per Unit (the "Offering") for gross proceeds of up to $875,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") at an exercise price of $0.55 per Warrant Share for a period of 24 months from the date of issuance.

A commission and findercs fee of 5% cash and 7% finder's warrants (each a "Finder's Warrant") will be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating in the Offering. Each Finder's Warrant will entitle the holder thereof to purchase a Unit in Nevada Sunrise at a price of $0.35 per Unit, exercisable at any time for 24 months following issuance.

Under the terms of a subscription agreement dated March 23, 2012, Pilot Gold Inc. (“Pilot Gold”, TSX: PLG) has the right to maintain its current equity position in the Company by participating in equity offerings made by Nevada Sunrise. Pilot Gold has until five business days before closing of the Offering to give notice to Nevada Sunrise if it wishes to participate in the Offering.

All securities issued in the Offering are subject to a four-month hold period, 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. Closing of the Offering is subject to the approval of the TSX Venture Exchange.

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@nevadasunrise.com

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 the Company 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.