Sterling Resources Ltd. Announces Name Change to PetroTal Corp.

Calgary, Alberta and Houston, Texas – June 6, 2018— PetroTal Corp. (“PetroTal” or the “Company”) (TSX-V: TAL) is pleased to announce that it has changed its corporate name from “Sterling Resouces Ltd.” to “PetroTal Corp.” effective today.

Effective at the market opening on June 6, 2018, the common shares of the Company will commence trading on the TSX Venture Exchange under the Company’s new name and under the new trading symbol “TAL”.

ABOUT PETROTAL

PetroTal is a publicly-traded oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. The Company’s management team has significant experience in developing oil fields in Northern Peru and is led by an independent Board of Directors, focused on safely and cost effectively developing and exploiting the Bretana oil field.

For further information, please contact:

Greg Smith
Executive Vice President and Chief Financial Officer
Gsmith@Petrotal-Corp.com
T: (713) 609-9026
Manolo Zuniga
President and Chief Executive Officer
Mzuniga@Petrotal-Corp.com
T : (713) 609-9101

http://www.sterling-resources.com/

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements. More particularly, this press release contains statements concerning changes to the listing of the Company’s common shares on the TSX Venture Exchange as a result of the name change. In addition, the use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.

The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.


Sterling Resources Ltd. Reports Results of Annual General and Special Meeting

Calgary, Alberta and Houston, Texas – June 4, 2018—Sterling Resources Ltd. (“Sterling” or the “Company”) (TSX-V: SLG) announces that the following matters were approved by the shareholders at the Company’s annual general and special meeting (the “Meeting”).

At the Meeting, the shareholders elected Manuel Pablo Zuniga-Pflucker, Douglas C. Urch, Gary S. Guidry, Ryan Ellson, Gavin Wilson and Mark McComiskey as directors of the Company.

Sterling is pleased to announce the appointment of Douglas C. Urch as the new Chairman of the Board. Mr. Urch, a director of the Company since December 2017, has over 35 years of oil and gas industry experience. Mr. Urch is the Executive Vice President, Finance and Chief Financial Officer of Bankers Petroleum Ltd. and previously was Vice President, Finance and Chief Financial Officer of Rally Energy Corp. Mr. Urch is a Chartered Professional Accountant (CPA), a member of the Financial Executives Institute, and a designated member of the Institute of Corporate Directors (ICD). Mr. Urch graduated from the University of Calgary with a Bachelor of Commerce degree. Sterling would like to convey its appreciation to Mr. James B. Taylor. His leadership, talent and expertise have been a great asset to the Company in his time of Chairman and the Company would like to wish Mr. Taylor all the best in his future endeavors.

The shareholders approved the stock option plan and the performance and restricted share unit (“PRSU”) plans. Copies of the stock option plan and the PRSU plans are attached to the Management Information Circular dated April 30, 2018, which is available on SEDAR at www.sedar.com and the Company’s website at www.sterling-resources.com.

The shareholders approved the change of the name of the Company to “PetroTal Corp.”. The name change will not affect the validity of currently outstanding share certificates of the Company or the trading of the Company’s common shares (“Common Shares”). Shareholders will not be required to surrender or exchange any of the Corporation’s share certificates that they currently hold. It is anticipated that the name change will become effective the week of June 4th and that the Common Shares will trade under the ticker symbol “TAL” on the TSX Venture Exchange (TSXV).

The shareholders also approved the consolidation of the Common Shares by a consolidation ratio of between four (4) and eight (8) pre-consolidation Common Shares for each one post-consolidation Common Share. The consolidation will occur at a time determined by the Board and announced by a press release of the Company. Notwithstanding approval being received, the board of directors may determine not to proceed with the consolidation, at its discretion.

ABOUT STERLING

Sterling is a publicly-traded oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. The Company’s management team has significant experience in developing oil fields in Northern Peru and is led by an independent Board of Directors, focused on safely and cost effectively developing and exploiting the Bretana oil field.

For further information, please contact:

Greg Smith
Executive Vice President and Chief Financial Officer
Gsmith@Petrotal-Corp.com
T: (713) 609-9026
Manolo Zuniga
President and Chief Executive Officer
Mzuniga@Petrotal-Corp.com
T : (713) 609-9101

http://www.sterling-resources.com/

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 timing of the Company’s name change, the anticipated consolidation of the Common Shares, the timing of the consolidation and the ratio between the pre-consolidation Common Shares for each one post-consolidation Common Share.

These forward-looking statements involve 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. 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: trading volumes and volatility in the price of Common Shares on the market as such trading may impact the applicable consolidation ratio to be implemented by the Company, if at all. 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.

Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.