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Nevada Sunrise Announces $1,980,000 Private Placement

May 2, 2014

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 2, 2014) - Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company”) (TSX-V: NEV) is pleased to announce that it has arranged a non-brokered private placement of 2,200,000 units (the “Units”) at a price of $0.90 per Unit (the “Offering”) for gross proceeds of $1,980,000. 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 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.

The Offering is fully subscribed. A commission and finder's fee may be payable to parties at arm's length to Nevada Sunrise that have introduced the Company to certain subscribers participating 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.


Warren Stanyer, President and Chief Executive Officer

Telephone: (604) 428-8028, Facsimile: (604) 689-5528



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.


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Source: Newsfile Press Release Wire

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