Nevada Sunrise Closes $1.989 million Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - May 13, 2014) - Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company”) (TSX-V: NEV) announced today that it has closed its previously announced non-brokered private placement for gross proceeds of $1,989,000, consisting of the sale of 2,210,000 units (the “Units”) at a price of $0.90 per Unit (the “Offering”) with each Unit consisting of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole Warrant will entitle the holder to purchase one common share (a “Warrant Share”) at a price of $1.35 for a period expiring on the earlier of one year following the closing date of the Offering and, subject to the issuance of notice by the Company in the manner provided for in the subscription agreements for the Offering, the day which is 30 days after the date that the volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange exceeds $1.65 per share over a period of 10 consecutive trading days.

In connection with the Offering, the Company paid finders’ fees totaling $13,500 in cash and issued 21,000 finders’ warrants (each a "Finder's Warrant"). Each Finder’s Warrant will entitle the holder thereof to purchase a Unit in Nevada Sunrise at a price of $1.35 per Unit, exercisable at any time for one year following issuance.

All securities issued in the Offering are subject to a four–month hold period until September 14, 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@nevadasunrise.ca

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.

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