Copper Road Shareholders Overwhelmingly Approve Sale of Copper Road Project and Provides Further Information on Closing of Transaction and Distribution of Sterling Shares - Seite 2

The Canadian Depository for Securities (“CDS”) and other depositories will be notified of the Distribution and Dividend Payment Date, and the Company will coordinate arrangements with CDS and other depositories for the issuance and distribution of 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 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 Consideration Shares to which they are entitled under the Distribution.

Shareholders with questions regarding the tax treatment of the Distribution should review the management information circular of the Company dated March 22, 2024, which was previously mailed to shareholders of the Company, a copy of which is also available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca, and to consult with their own tax advisors.

The Distribution of the Consideration Shares will be distributed on a pro rata basis whereby each holder of a Copper Road Share will receive approximately 1.46 Consideration Shares. No fractional shares or cash in lieu thereof (or any other form of payment) will be payable as part of the Distribution, other than with respect to Copper Road Shareholders who are U.S. Persons (under United States law), who will instead receive a cash payment in lieu of the issuance of Consideration Shares. To the extent that the application of the Distribution ratio results in a fraction of a Consideration Share otherwise being payable, the number of Consideration Shares to be distributed to a holder of Copper Road Shares will be rounded down to the nearest whole number.

About Copper Road Resources 

Copper Road Resources (TSXV: CRD) is a Canadian based explorer engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals. The Company is exploring for large copper/gold deposits on the 24,000-hectare Batchewana Bay Project, 80 km north of Sault St. Marie, Ontario, Canada. 

About Sterling Metals 

Sterling is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. Sterling is advancing the Adeline Project in Labrador which covers an entire sediment-hosted copper belt, with demonstrated potential for important new copper discoveries with significant silver credits, and the Sail Pond Project in Newfoundland.