Sunrise Resources - CS Project – Grant of Air Quality Operating Permit

16 September 2020

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

CS Project - Grant of Air Quality Operating Permit

The Company is pleased to advise that the Air Quality Operating Permit ("AQOP") for the operation of a mineral processing plant for the Company's CS Pozzolan-Perlite Project in Nevada,  USA has now been granted by the Nevada Division of Environmental Protection. No adverse comments or objections were received during the public comment period which ended on the 11 September 2020.

This is the last of three key permits required to operate the CS Pozzolan-Perlite mine and start‑up mineral processing plant and follows the issue by the Federal Bureau of Land Management of the mine permit and the issue of the reclamation permit by the Nevada Bureau of Mining Regulation and Reclamation. 

Following the capital raising by its broker, Peterhouse Capital Limited, which closed on 26 August 2020, the Company is now fully funded for the foreseeable future and is moving forward with the programmes set out in detail in its news release of 29 July 2020 which, for the CS Project, include:

·    Trial Mining, Processing & Offtake Negotiations

·    Site Engineering

·    Plant Design & Costing

·    Infill Drilling and Drill Testing of the Northeast Zone

·    Detailed Financial Planning & Project Funding Arrangements

In line with current market interest in gold and silver, the Company is also planning to drill test certain of its precious metal projects.

Commenting today Sunrise Executive Chairman Patrick Cheetham said: "This is further good news for the CS Project. The permitting delays that we experienced late last year and earlier this year are now behind us and we are pleased to see that market interest in our potential products remains strong. We expect to be delivering test samples to a range of customers over the next few weeks for testing as part of the offtake negotiations."

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 future impact of Covid infections in Nevada and more widely in the US is unpredictable. 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