Sterling Metals Corp. reported assay results from its 2023 drilling on the Sail Pond Silver and Base Metal Project ("Sail Pond") in the Great Northern Peninsula of Newfoundland. Despite drilling not being able to identify a potential economic trap of high grade sulphides via the 3D Orion survey, using structural interpretation the Company intersected additional high-grade silver-copper mineralization, expanding the Heimdall trend by 200 m. Key 2023 Exploration Highlights at Sail Pond: A total of 8 drill holes covering 2,058 m were completed, focusing on 4 distinct target areas defined by the Orion 3D geophysical survey (the "Orion survey") Drilling extended high- grade silver-copper mineralization 200 m beyond previous intersections and the area remains open to the north.

The new extension of the Heimdall North Zone discovered through structural interpretation of the project lidar, graded 932 g/t Ag, 4.51% Cu over 0.3 m starting at 209 m depth in hole SP-23-085 and 303 g/t Ag, 1.26% Cu and 5.59% Pb over 0.3 m start at 279.9 m.