Sterling provides update on drilling of Constance well in Central North Sea



    Sterling Resources Ltd. (TSX-V: SLG)

    CALGARY, Aug. 3 /CNW/ - Sterling has been informed by the operator that
the Constance exploratory well on Block 21/23a in the UK Central North Sea,
will now start late August or early September. Previously the well was planned
for November. Sterling currently holds a 35-percent interest in Constance,
which lies within Block 21/23a, to the north and east of the Sheryl discovery.
The Constance well will drill a large channel/canyon feature and target the
Eocene Tay sands which produce in the adjacent Pict field. Well results would
be expected in approximately four to six weeks after spudding depending on
testing requirements. Sterling will be providing an update on its other
activities concurrent with the release of the Company's second quarter results
in mid-August.

    Forward-Looking Statements

    This disclosure contains certain forward-looking statements that involve
substantial known and unknown risks and uncertainties, 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, therefore Sterling's actual results,
performance or achievement could differ materially from those expressed in, or
implied by, these forward-looking statements. All statements included in this
press release that address activities, events or developments that Sterling
expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements include future production rates,
completion and production timetables and costs to complete wells, and
production facilities. These statements are based on 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.

    Sterling Resources Ltd. is an international oil and gas company
headquartered in Calgary, Alberta.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00002072E




For further information:

For further information: visit www.sterling-resources.com or contact
either: Ken J. Croft, Investor Relations, Phone: (403) 215-9265, Fax: (403)
215-9279, ken@sterling-resources.com or Stewart G. Gibson, Chief Executive
Officer, Phone: 44-133082-6717, Mobile: 44-7768-042219,
stewart@sterling-resources.co.uk


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