Forward-Looking Statements

All statements included in this news release that address activities, events or developments that Sterling expects, believes or anticipates will, should or may occur in the future are forward‐looking statements. In particular, this news release contains forward‐looking statements with respect to the aggregate distributions to be made to Shareholders and the listing of the Common Shares on the TSXV and the NEX.

These forward‐looking statements involve numerous assumptions made by Sterling based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward‐looking statements will prove inaccurate, certain of which are beyond Sterling's control, including: the impact of general economic conditions in the areas in which Sterling operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition, there are risks and uncertainties associated with oil and gas operations. Readers should also carefully consider the matters listed under the heading 'Risk Factors' in the Company's MD&A.

Undue reliance should not be placed on these forward‐looking statements, as there can be no
assurance that the plans, intentions or expectations upon which they are based will occur. Sterling's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward‐looking statements. These statements speak only as of the date of the news release. Sterling does not intend and does not assume any obligation to update these forward‐looking statements except as required by law.

Sterling Resources Ltd. published this content on 16 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 May 2017 21:52:15 UTC.

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