Sterling Metals Corp. announced that it has completed the acquisition (the Transaction) of the Copper Road Project (the Copper Road Project), from Copper Road Resources Inc. (Copper Road) through the purchase of 100797918 Ontario Inc. Located 80km north of Sault Ste. Marie, Ontario, Canada, the Copper Road Project is a 24,000ha high-potential brownfield copper-moly-silver-gold project associated with the Midcontinent Rift, which until 2021 had never been fully consolidated.

Recent porphyry and breccia drill holes as well as past copper production from two mines suggest the potential for larger intrusion related copper mineralization. The Copper Road Project benefits from its strategic proximity to substantial infrastructure. As consideration for the Transaction, Sterling has acquired the Subsidiary and issued 108,087,669 Common Shares (the Consideration Shares) in the capital of the company, of which 86,249,546 Consideration Shares will be distributed, on a pro rata basis, to the shareholders of record of Copper Road as of close of business on May 8, 2024 (the Record Date).

Sterling has also paid $460,000 in cash. In connection with the Transaction, Sterling has agreed to pay a finder's fee to Castlewood Capital Corporation (the "Finder") in the amount of $20,000 (plus all applicable taxes) and shall issue the Finder an aggregate of 2,064,841 common shares in the capital of Sterling.