Mr. Mathew Wilson reports

STERLING METALS ANNOUNCES SALE OF SAIL POND PROJECT

Sterling Metals Corp. has entered into a purchase agreement dated March 17, 2026, with an arm's-length party to the company for the sale of a 100-per-cent interest in the Sail Pond project to the purchaser. Pursuant to the terms of the agreement, as consideration for the property, the purchaser shall issue 96,078 common shares in the capital of the purchaser to the company.

The completion of the transaction contemplated by the agreement remains subject to the approval of all regulatory and other approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the transaction will be subject to a statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.

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 first nations of the North Shore of Lake Superior. It 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.