CS PROJECT: MINE RECLAMATION PERMIT IS GRANTED

("Sunrise" or "the Company")

CS PROJECT

MINE RECLAMATION PERMIT IS GRANTED

Further to its announcement of 29 July 2020 advising of the grant of the mine permit by the US Bureau of Land Management (BLM) for its CS Project in Nevada, USA, the Company is pleased to announce that the Nevada Bureau of Mining Regulation and Reclamation (BMRR) has now issued its Notice of Final Decision to grant the required Mine Reclamation Permit.

The BMRR is a bureau of the Nevada Division of Environmental Protection with permitting a joint agency action based on the Company's joint submission of its Plan of Operations to the BLM and Reclamation Permit application to the BMRR. The Final Decision approves the Company's proposed mine reclamation plan as set out in Company's joint Plan of Operations and Reclamation Permit application. It is subject to a 10-day appeal period and becomes effective on 15 August 2020.

Commenting today Sunrise Executive Chairman Patrick Cheetham said: "This is the second of the two key permits required for mine development. We have already seen a positive response from potential customers to our mine permit announcement and look forward to reporting progress on the next steps for project development set out in last week's news release."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

Further information:

Notes:

1. Forward Looking Statements.

The news release may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely unduly on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

2. Covid-19

To date the Covid-19 pandemic has not affected the progress of the Company's projects. Mining is considered an essential industry in Nevada and existing operations are progressing largely as normal, as is mineral exploration. However, the number of Covid infections in Nevada and more widely in the US is currently on a rising trajectory. Travel bans are still in place between the US and the UK and many US Companies have self-imposed internal travel bans. These factors have the potential to negatively affect and delay the Company's plans for the CS Project.

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com