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STERLING METALS ANNOUNCES PRIVATE PLACEMENT OF UNITS

April 18, 2022 Toronto, Ontario Sterling Metals Corp. (TSXV: SAG) (the Company) is pleased to announce a non-brokered private placement of up to 12,500,000 Units (each, a Unity) at a price of $0.20 per unit for total gross proceeds of up to $2,500,000 (the Offer). Each unit will consist of one common share (each, a Ordinary share) in the capital of the Company and one common share purchase warrant (each, a To guarantee) the company. Each warrant will entitle its holder to acquire one common share at a price of $0.40 per common share for a period of two (2) years from the closing of the placement.

The Company may pay certain eligible persons (there “Researchers) a cash commission equal to 7% of the gross proceeds of the Offering and the brokerage warrants (each, a Broker mandate“) equal to 7% of the number of Units Issued Under the Offering. Each brokerage warrant will entitle its holder to acquire one common share at a price of $0.20 per common share for a period of two (2) years from the closing of the placement.

All securities issued under the Offering will be subject to a hold period of four months plus one day from the date of issue and the resale rules of applicable securities laws. The net proceeds from the sale of the Units will be used for general working capital purposes. 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.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the U.S. Securities Law) or any state securities law and may not be offered or sold in the United States or to US persons unless registered under the US Securities Act and applicable state securities laws or a exempt from such registration.

For more information please contact:

Sterling Metals Corp.

Mathew Wilson, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain forward-looking information within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as plan, wait, project, intention, believe, anticipate, estimate, may, will be, would like to, potential, propose and other similar words or statements indicating that certain events or conditions may or will be occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management as of the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause events or actual results differ materially from those projected in the forward-looking information. – search for information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the CompanyManagements Discussion and analysis. The Company undertakes no obligation to update any forward-looking information if circumstances or managements Estimates or opinions must change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking information.