Sterling Metals Corp. Stock Market Reopens after major acquisition

Sterling Metals Corp. (TSXV:SAG)(OTCQB:SAGGF) announces the resumption of trading of its common shares on the TSX Venture Exchange, scheduled for market commencement on March 1, 2024. This reopening follows the acquisition of the Copper Road project, a major initiative for which Sterling has entered into a definitive share purchase agreement with Copper Road Resources Inc. and its subsidiary, thereby acquiring 100% interest in the project.

The Copper Road project, covering approximately 25,000 hectares, has revealed promising drilling results, highlighting the presence of copper and molybdenum mineralization. Sterling plans extensive exploration to capitalize on this opportunity, involving reconnaissance work, data compilation and aerial magnetic surveys.

Under the agreement, Sterling will issue common stock to the seller, representing 49% of the outstanding shares prior to the closing of the transaction. Completion remains subject to customary conditions, including approval by Copper Road shareholders and required consents. Kelly Malcolm, P.Geo., has validated the geological information in this announcement.