Sterling Metals Announces Mark Goodman as Chairman and Provides Corporate Update
1
Sterling Metals Announces Mark Goodman as Chairman and
Provides Corporate Update
May 28, 2024 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG, OTCQB: SAGGF) (“Sterling” or the
“Company”) is pleased to announce the appointment of Mr. Mark Goodman as Chairman of the board of
directors, effectively immediately. Mr. Goodman joins the Company as part of the recently completed
transaction with Copper Road Resources Inc., as announced on May 10, 2024 (the “Transaction”). Mr.
Goodman replaces Mr. Richard Patricio, who will remain as an advisor to the Company and continue to
provide strategic guidance.
Mr. Goodman has over 25 years public and mining company experience. Most recently he was
President of Dundee Corporation, a TSX listed public mining merchant bank, until December 2018. He has
served on several public company boards and executive positions of both public and private companies.
Mark Goodman, Chairman of Sterling, commented, “With the successful acquisition of the Copper Road
Project, joining as Chairman is an exciting step to drive the advancement of this and other projects in our
portfolio. I look forward to working alongside Mat and his team to navigate the opportunities in Ontario
and demonstrate value for our collective shareholders.”
Mathew Wilson, CEO and Director of Sterling, commented, “We are delighted to welcome Mark as
Chairman of Sterling. The Copper Road Project is poised to be a significant value driver for our company,
with well -defined targets and substantial regional potential. Given Mark’s extensive history with the
project as Chairman of Copper Road and now our largest shareholder, we look forward to leveraging his
expertise to advance the project. I also want to thank Richard for his years of dedicated service and look
forward to his continued support as an advisor.”
Corporate Update
Pursuant to the terms of the Transaction, 86,249,546 Consideration Shares have now been distributed on
to shareholders of record of Copper Road Resources Inc. on a pro rata basis (the “Distribution”).
Beneficial shareholders, being those holding their Copper Road Shares through brokerage accounts where
their Copper Road Shares are held via CDS or other depositories should contact their brokers for further
information regarding payment of the Distribution. Registered holders of Copper Road Shares entitled to
the Distribution, being those holding Copper Road Shares in certified form or under the direct registration
system (DRS), will receive Consideration Shares by way of DRS statements evidencing the Cons ideration
Shares to which they are entitled under the Distribution.
Sterling is currently developing its inaugural work program for the Copper Road Project and expects to
provide an update to shareholders in due course.
2
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 24,000-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 discoveries , 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”, “estimate”, “may”, “will”, “wou ld”, “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 estimates 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 description 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 circumstances 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.