Mr. Mathew Wilson reports

STERLING METALS ANNOUNCES FULLY ALLOCATED PRIVATE PLACEMENT OF UNITS AND CHARITY FLOW THROUGH UNITS

Sterling Metals Corp. has arranged a non-brokered private placement of up to 3,088,888 units at a price of $1.50 per unit and up to 2,333,334 charity flow-through (FT) units at a price $2.30 per charity FT unit for aggregate gross proceeds of up to $10,000,000.20.

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 $3 per common share for a period of two years from the closing of the offering. Each charity FT unit shall comprise one common share issued on a flow-through basis and one warrant, having the same terms as the warrants comprising the units. The charity FT units will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The company may pay certain eligible persons a cash commission equal to 6 per cent of the gross proceeds 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 gross proceeds from the sale of the charity FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada). 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.

It is anticipated that certain insiders of the company will participate in the offering.

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 Soo copper 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.

Sterling Metals acknowledges that its exploration activities within the Soo copper project are conducted on the traditional lands of the Batchewana, Garden River and Michipicoten first nations of the North Shore of Lake Superior. The company recognizes and respects the long-standing and diverse relationships indigenous peoples have with the land, and is committed to engaging in a manner that is respectful, transparent and inclusive.

We seek Safe Harbor.