Sterling Metals Announces Consolidation and Corporate Update
1
STERLING METALS ANNOUNCES CONSOLIDATION AND CORPORATE UPDATE
February 18, 2025 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGF) (“Sterling” or
the “Company”) is pleased to announce that it has filed articles of amendment to consolidate its issued
and outstanding common shares ( each, a “Common Share”) on the basis of ten (10) pre -consolidation
Common Shares for one (1) post -consolidation Common Share (the “Consolidation”). The Consolidation
was approved by shareholders of the Company at its annual and special meeting held on July 10, 2024.
The Common Shares are expected to commence trading on the TSX Venture Exchange on a consolidated
basis on or about February 24, 2025. A new CUSIP number (CUSIP: 85941M880 / ISIN: CA85941M8806)
has been obtained to replace the previous CUSIP number.
Following the Consolidation, the Company will have approximately 24,838,793 Common Shares
outstanding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional
Common Shares that would have otherwise been issued have been rounded down to the nearest whole
Common Share. The change in the number of issued and outstanding Common Shares resulting from the
Consolidation will not materially affect any shareholder’s percentage ownership in the Company, although
such ownership will be represented by a smaller number of Common Shares.
Letters of transmittal with respect to the Consolidation have been mailed to the Company’s registered
shareholders. All registered shareholders will be required to send their share certificates representing pre-
Consolidation Common Shares , along with a properly executed letter of transmittal, to the Company’s
registrar and transfer agent, Computershare Investor Services Inc., in accordance with the instructions
provided in the letter of transmittal. Shareholders who hold their Common Share s through a broker,
investment dealer, bank or trust company should contact that nominee or intermediary for assistance in
depositing their Common Shares in connection with the Consolidation. A copy of the letter of transmittal
will be posted on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.
Corporate Update
The Company has identified several high-priority drill targets through extensive fieldwork and the Induced
Polarization (IP) survey announced in January 2025 at the Copper Road Project (the “Project”). Drilling is
set to begin in mid-March, with a minimum 2,000 meters of diamond drilling, targeting copper porphyry
potential in the heart of the Project. Additionally, final grab sample results have been processed, providing
critical data to refine existing targets and guide future exploration.
Mathew Wilson, CEO and Director, commented, “ We believe the time is now to tighten up our share
structure ahead of a strategically planned drilling program at Copper Road. Through extensive data
compilation and fieldwork, we are confident and excited about the targets we have selected and the
initiation of drilling at the Project. We also believe that the timing of the rollback offers our shareholders
improved marketability while positioning the Company for success as we deliver drilling results this year.
2
We look forward to providing updates on the initiation of drilling and key details on the program as we
head into March.”
About Sterling Metals
Sterling Metals (TSXV: SAG and OTCQB: SAGGF) is a mineral exploration company focused on large scale
and high -grade Canadian exploration opportunities. The Company is advancing the 25,000 -hectare
Copper Road 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 discoverie s, underscoring Sterling’s commitment to
pioneering exploration in mineral rich Canada.
For more information, please contact:
Sterling Metals Corp.
Mathew Wilson, CEO and Director
Tel: (416) 643-3887
Email: [email protected]
Website: www.sterlingmetals.ca
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 news release contains certain “forward -looking information” within the meaning of applicable
securities laws. Forward looking information is frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “est imate”, “may”, “will”, “would”, “potential”, “proposed”
and other similar words, or statements that certain events or conditions “may” or “will” occur. These
statements are only predictions. Forward -looking information is based on the opinions and estimate s of
management at the date the information is provided and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking information. For a d escription of the risks and uncertainties facing the Company and its
business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The
Company undertakes no obligation to update forward -looking information if circumstanc es or
management’s estimates or opinions should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.