Mr. Mathew Wilson reports

STERLING METALS ANNOUNCES UPSIZE TO PRIVATE PLACEMENT OF UNITS

Sterling Metals Corp., further to its news release on March 4, 2025, has increased the size of its non-brokered private placement to up to 5.2 million units at a price of 25 cents per unit for aggregate gross proceeds of up to $1.3-million. Each unit shall comprise one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to acquire one common share at a price of 40 cents per common share for a period of two years from the closing of the offering.

The company may pay certain eligible persons a cash commission equal to 6 per cent of the gross proceeds of the offering and broker warrants equal to 6 per cent of the number of units issued pursuant to the offering. Each broker warrant shall entitle the holder thereof to acquire one common share at a price of 40 cents per common share for a period of two years from the closing of the offering.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The net proceeds from the sale of the units will be used for general working capital purposes. The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

Mathew Wilson, chief executive officer and director of Sterling, commented: "We are encouraged by the strong demand from our existing shareholders, which has led to an upsized financing. The continued support reinforces confidence in our vision and the potential of the Copper Road project as we embark on our inaugural drill program. With the financing expected to close by the end of March, we are now prepared to efficiently execute the initial stages of drilling and advance our understanding of this highly prospective project."

About Sterling Metals Corp.

Sterling 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.

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