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Nevada Sunrise Gold Corp. Announces Non Brokered Private Placement

11/20/2009 [ACCESSWIRE]

Auburn, California, November 20, 2009. - Nevada Sunrise Gold Corp., (NEV:TSX Venture) ("Nevada Sunrise" or the "Company") is pleased to announce a non-brokered private placement of up to 8,000,000 units at a price of $0.05 per unit, for aggregate gross proceeds of up to $400,000 CDN. Each unit will consist of one common share and one half transferable common share purchase warrant.

Each Warrant will be exercisable to purchase one common share of the Company for 1 year, at a price of $0.15 cents per share. The warrants are subject to a forced conversion which comes into effect, at the company's election, if the shares trade above a weighted average price of $0.25 for 10 consecutive days. In the event of a forced conversion, the expiry date will be the earlier of the regular one year expiry date and 30 days from the date the Company issues a press release announcing the forced conversion.

The net proceeds from this private placement will be used for general working capital purposes. The proposed financing is subject to the approval of the TSX Venture Exchange. All securities issued in the private placement will be subject to a four month hold period

About The Company

Nevada Sunrise is a junior exploration company with a focus in the state of Nevada. The company currently holds and owns 4 Gold and Silver properties all within the state and is primarily focused on the Golden Arrow Project. With a 43-101 Measured & Indicated resource of nearly 300,000 ounces of gold and over 4 million ounces of silver, the Golden Arrow project sets the company apart from most other junior mining companies operating in Nevada.

ON BEHALF OF THE BOARD

"William B. Henderson"

President and CEO

For additional information, please contact:

William B. Henderson

Tel: 530-887-9901 Fax: 530-884-3822

231 Cherry Avenue, Suite 201, Auburn California

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Copyright (c) 2009.


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