Mr. Mathew Wilson reports

STERLING METALS ANNOUNCES CONSOLIDATION AND CORPORATE UPDATE

Sterling Metals Corp. has filed articles of amendment to consolidate its issued and outstanding common shares on the basis of 10 preconsolidation common shares for one postconsolidation common share. The consolidation was approved by shareholders of the company at the company's annual and special meeting held on July 10, 2024. The common shares are expected to commence trading on the TSX Venture Exchange on a consolidated basis on or about Feb. 24, 2025. A new Cusip number (85941M880) and a new international securities identification number (CA85941M8806) have been obtained to replace the previous ones.

Following the consolidation, the company will have approximately 24,838,793 common shares outstanding. No fractional common shares will be issued pursuant to the consolidation, and any fractional common shares that would have otherwise been issued have been rounded down to the nearest whole common share. The change in the number of issued and outstanding common shares resulting from the consolidation will not materially affect any shareholder's percentage ownership in the company, although such ownership will be represented by a smaller number of common shares.

Letters of transmittal with respect to the consolidation have been mailed to the company's registered shareholders. All registered shareholders will be required to send their share certificates representing preconsolidation common shares, along with a properly executed letter of transmittal, to the company's registrar and transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Shareholders who hold their common shares through a broker, investment dealer, bank or trust company should contact that nominee or intermediary for assistance in depositing their common shares in connection with the consolidation. A copy of the letter of transmittal will be posted on the company's issuer profile on SEDAR+.

Corporate update

The company has identified several high-priority drill targets through extensive fieldwork and the induced polarization (IP) survey announced in January, 2025, at the Copper Road project. Drilling is set to begin in mid-March, with a minimum 2,000 metres of diamond drilling, targeting copper porphyry potential in the heart of the project. Additionally, final grab sample results have been processed, providing critical data to refine existing targets and guide future exploration.

Mathew Wilson, chief executive officer and director, commented: "We believe the time is now to tighten up our share structure ahead of a strategically planned drilling program at Copper Road. Through extensive data compilation and fieldwork, we are confident and excited about the targets we have selected and the initiation of drilling at the project. We also believe that the timing of the rollback offers our shareholders improved marketability while positioning the company for success as we deliver drilling results this year. We look forward to providing updates on the initiation of drilling and key details on the program as we head into March."

About Sterling Metals Corp.

Sterling Metals is a mineral exploration company focused on large-scale and high-grade Canadian exploration opportunities. The company is advancing the 25,000-hectare Copper Road project in Ontario, which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline project in Labrador, which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important, new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral-rich Canada.

We seek Safe Harbor.