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Press Release - Nevada Sunrise Gold Corporation (NEV.V-CDNX)

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“I believe that these four properties provide an enviable portfolio of gold projects controlling more than 12,000 acres of mining claims and private land in some of the most productive mining districts of Nevada.” - William B. Henderson (NEV) (Interview published March 20, 2009)

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Nevada Sunrise Strengthens Gold-Silver Resource at Golden Arrow
 

VANCOUVER, BC--(MARKET WIRE)--Apr 1, 2009 -- Nevada Sunrise Gold Corporation (CDNX:NEV.V - News) has completed its updated mineral resource estimate for the Golden Arrow gold-silver deposit located in central Nevada. The mineral resource estimate includes results from drill holes completed and assay results received from the 2008 drilling program.

The Classified Mineral Resource estimate is quoted at a variable cut-off grade of 0.010 ounces per ton (opt) gold for oxide material and 0.015 opt gold for non-oxidized material and consists of:

 
--  A measured and indicated resource of 296,500 ounces of gold at an
    average grade of 0.024 opt Au, and 4,008,000 ounces silver at an average
    grade of 0.33 opt Ag (12,172,000 tons).

--  An additional inferred resource of 50,400 ounces gold at an average
    grade of 0.013 opt Au, and 1,249,000 ounces silver at an average grade of
    0.33 opt Ag (3,790,000 tons).

William B. Henderson, Chief Executive Officer of Nevada Sunrise, commented, "The results of our 2008 drilling program at Golden Arrow validate the geological and mineralization models developed earlier by Dr. Odin Christensen and Mine Development Associates. The quality of this work substantially strengthens our mineral resource estimate and provides a solid scientific foundation for exploration. We are currently performing a scoping study to better understand our development and production options."


                                Gold grade    Gold     Silver      Silver
Classification          Tons      (opt)     (ounces)  grade (opt) (ounces)
                     ---------- ---------- ---------- ---------- ----------
MEASURED              1,850,000      0.028     52,400       0.43    796,000
                     ---------- ---------- ---------- ---------- ----------
INDICATED            10,322,000      0.024    244,100       O.31  3,212,000
                     ---------- ---------- ---------- ---------- ----------
MEASURED & INDICATED 12,172,000      0.024    296,500       0.33  4,008,000
                     ---------- ---------- ---------- ---------- ----------
INFERRED              3,790,000      0.013     50,400       0.33  1,249,000
                     ---------- ---------- ---------- ---------- ----------

The mineral resource estimate was completed by Mine Development Associates (MDA) of Reno, Nevada. The resources were modeled and estimated by evaluating the drill data statistically and utilizing a three-dimensional geological solid model provided by Nevada Sunrise. Mineral domains were interpreted on NE-SW geological cross sections spaced approximately 100-feet throughout the extent of the Golden Arrow mineralization. The mineral domain interpretations were then rectified to east-west cross sections spaced at 20-foot intervals. Estimation was done by inverse-distance. Quality-control data generated by Nevada Sunrise during the 2008 drilling program were independently reviewed by MDA as part of the resource study. The person responsible for the resource estimate on behalf of MDA is Steven Ristorcelli, P. G., a Qualified Person as defined by Canadian National Instrument 43-101. Further details of the estimation procedure will be available in an updated NI 43-101 technical report, which will be posted on SEDAR (http://www.sedar.com/), no later than 45 days from the date of this release.

The Nevada Sunrise property at Golden Arrow consists of 279 unpatented lode mining claims surrounding 17 patented lode mining claims, wholly owned by the company, covering a total area of 5,684 acres (2,300 hectares) located approximately 40 miles (60 km) east of Tonopah, Nevada.

The Golden Arrow deposit consists of two mineral centers called Hidden Hill and Gold Coin. The volcanic-rock hosted gold-silver deposit includes both low-sulfide high-angle quartz-gold veins and disseminated hot-springs style gold mineralization. Mineralization is exposed at the surface within the Gold Coin zone.

During 2008, the company completed a drilling program including 5 diamond core holes totaling 3,584 feet (1,092 meters) plus 28 reverse-circulation holes totaling 16,880 feet (5,145 meters) for mineral resource confirmation, deposit expansion, and exploration.

Ongoing testing of drill core material from Golden Arrow by McClelland Laboratories of Reno, Nevada, demonstrates favorable metallurgical characteristics for mineralized material.

The next stage for Golden Arrow will be continued exploration, metallurgical test work, mining studies, environmental assessments and related investigations that will be evaluated to determine how the deposit might be expanded and exploited.

About Nevada Sunrise

Nevada Sunrise Gold Corporation is focused on exploration and development of precious metal properties in Nevada. For the latest details on the Company, its properties, management team and philosophy, please visit our website at www.nevadasunrise.com.

Odin D. Christensen, PhD, Certified Professional Geologist, is the Company's designated Qualified Person for this news release and has reviewed the information contained in the release and confirmed that it is consistent with that provided by the independent QP responsible for the resource estimate, Steven Ristorcelli of MDA.

CAUTIONARY NOTE

This release contains forward-looking statements which may include, but is not limited to, statements with respect to the timing of our exploration and drilling programs; geological models; expectations related to enhancing resource grades; financing plans and availability of future financing for our projects; anticipated results of our exploration, mineral resource estimates and other plans, projections, estimates and expectations. Forward-looking statements address future events and conditions which are subject to various risks and uncertainties that are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. For details of the Company, its business and properties, including risks relating to an investment in securities of the Company, see the Company's prospectus dated June 25, 2008, as amended by an amendment dated August 22, 2008, both of which are available on SEDAR at www.sedar.com, or directly from the Company.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This news release uses the terms "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or 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.

Contact:

     FOR FURTHER INFORMATION:
     William B. Henderson
     President and Chief Executive Officer
     Telephone: (530) 887-9901
     Facsimile: (530) 884-3822
 




    

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