Sterling Metals Corp. recently acquired 100% interest in Adeline High-Grade Copper Project in Labrador, Canada from Chesterfield Resources plc for approximately CAD1.08 millions.

Sterling Metals Corp. entered into an agreement to acquire 100% interest in Adeline High-Grade Copper Project in Labrador, Canada from Chesterfield Resources plc for approximately CAD1.08 millions on March 22, 2023. As on March 22, 2023 Sterling Metals Corp.

has obtained approval from the TSX Venture Exchange with respect to the option agreement dated March 3, 2022. Pursuant to the Agreement, the Company has made the initial cash payment of CAD0.3 million to Chesterfield and issued Chesterfield 4.5 million common shares at a deemed price of CAD0.1725 per Common Share in the capital of the Company. All securities issued will be subject to a statutory hold period of four months and one day from the issuance in accordance with applicable securities laws.