Sterling Metals Announces Results of Its Annual and Special Meeting and Approval of Omnibus Long-Term Incentive Plan

STERLING METALS ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL

MEETING AND APPROVAL OF OMNIBUS LONG-TERM INCENTIVE PLAN

August 1 5, 2022 – Toronto, Ontario – Sterling Metals Corp. (TSXV: SAG) (OTCQB:

SAGGF) (“Sterling Metals” or the “Company”) is pleased to report the voting results from its

annual and special meeting held on August 2, 2022 (the “Meeting”). At the Meeting, shareholders

approved the election of directors, the appointment of Baker Tilly WM LLP as auditor of the

Company and the adoption of an omnibus long-term incentive plan.

The Company omnibus long-term incentive plan (“LTIP”) is a rolling 10% plan, and it aligns with

certain revisions made to TSX Venture Exchange Policy 4.4 – Security Based Compensation

(“Policy 4.4 ”), which came into effect on November 24, 2021. The LTIP was conditionally

approved by the TSX Venture Exchange on June 27, 2022. A copy of the LTIP was included as

Appendix B to the management information circular dated June 28, 2022, which has been filed on

the Company’s profile on SEDAR at www.sedar.com. For more information on the changes to

Policy 4.4, please see the TSXV Bulletin re Policy 4.4 - Security Based Compensation dated

November 24, 2021.

For more information, please contact:

Sterling Metals Corp.

Mathew Wilson, President & CEO

Tel: (416) 643-7630

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”, “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

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.