Copper Road Resources Inc. has sold the Copper Road project (the target) to Sterling Metals Corp., pursuant to the terms of a definitive share purchase agreement dated Feb. 13, 2024, between the company, Sterling and a wholly owned subsidiary of the company, whereby Sterling will acquire the subsidiary, which will hold the target, in consideration for $460,000 cash payment and the issuance of an aggregate of 108,087,683 common shares of Sterling, of which the company will retain 21,838,123 Sterling shares, representing approximately 9.9 per cent of the issued and outstanding common shares of Sterling postclosing of the target's acquisition, and distribute the remaining 86,249,560 Sterling shares to its shareholders on pro rata basis.

In anticipation of the completion of the sale of the target, which is scheduled for May 10, 2024, the company has declared a dividend on April 30, 2024.

Dividend per share:  1.461452795528613 shares of Sterling Metals Corp. per common share of the company

Payable date:  May 10, 2024

Record date:  May 10, 2024

Trading on the company's common shares was halted on April 30, 2024, to facilitate the closing of the transaction and the distribution of Sterling's shares. Trading will resume on an ex distribution basis upon completion of the disposition and distribution, and will be confirmed in a separate bulletin.

For more information, please refer to the company's press releases dated Feb. 14, 2024, and April 30, 2024.