Nevada Sunrise Gold Corp.
TSX VENTURE : NEV
PINK SHEETS : NVSGF

Nevada Sunrise Gold Corp.

December 14, 2010 17:47 ET

Nevada Sunrise Closes First Tranche of Warrants from Its December 2009 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2010) - NEVADA SUNRISE GOLD CORPORATION (the "Company") (TSX VENTURE:NEV)(PINK SHEETS:NVSGF) is pleased to announce that it has issued an aggregate of 2,000,000 common shares in the capital of the Company pursuant to the exercise of share purchase warrants of the Company previously issued to subscribers during the Company's non-brokered private placement closed on December 29, 2009 (the "Warrant Exercise"). A total of 2,000,000 warrants were exercised at a price of $0.15 per warrant, yielding the Company gross proceeds of $300,000.

Proceeds from the Warrant Exercise will be used to fund the exploration of the Company's North-American precious metals properties and as general working capital.

About Nevada Sunrise Gold Corp.

Nevada Sunrise Gold Corp. is a gold exploration company that has a portfolio of five projects in Nevada. The Company controls about 15,200 acres (6,150 hectares). Two of the projects are in exploration earn-in joint venture agreements for up to $12 million in work commitments. The Company applies the exploration experience and technical skills of its founders to search for and acquire new gold exploration projects that are developed internally and then offered for joint venture. 

For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.

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.

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.

Contact Information

  • Nevada Sunrise Gold Corp.
    William B. Henderson
    President and Chief Executive Officer
    (530) 887-9901
    (530) 884-3822 (FAX)
    www.nevadasunrise.com