Sterling Resources Retains Manager, Corporate and Investor Relations

CALGARY, Nov. 27 /CNW/ - Sterling Resources Ltd. (TSX-V: SLG.V) ("Sterling" or the "Company") is pleased to announce that it has retained George Kesteven as its Manager, Corporate and Investor Relations effective December 1, 2008. As previously announced, Sterling had engaged Mr. Kesteven for a six month period commencing May 28, 2008 as an investor relations consultant to assist Sterling with, among other things, its relations with shareholders, the investment advisory community and other stakeholders and to increase awareness of, and interest in, Sterling.

In light of Sterling's satisfaction with the work that Mr. Kesteven has undertaken for Sterling since the commencement of that consulting relationship, Sterling has determined to bring stability and consistency to the corporate and investor relations role by employing Mr. Kesteven going forward.

In addition to Mr. Kesteven's prior six months working as Sterling's investor relations consultant, Mr. Kesteven brings over 20 years of relevant industry experience to Sterling, most recently as the manager of investor relations at PrimeWest Energy Trust until its indirect acquisition by Abu Dhabi National Energy Company PJSC in January 2008. Mr. Kesteven is also the Chair of the Canadian Association of Income Funds, an income fund industry organization involved in government relations and tax and legislative policy formulation. Over the course of Mr. Kesteven's long career he has been involved in senior finance and investor relations activities for numerous public companies engaged in oil and gas exploration and production, both nationally and internationally. Mr. Kesteven holds both a Bachelor of Commerce and Master of Business Administration degree and a Chartered Financial Analyst designation.

Mr. Kesteven currently owns 2,000 common shares in the capital of Sterling and has been granted, during his tenure as a consultant, 50,000 stock options at an exercise price of $2.56 per share.

Sterling Resources Ltd. is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom, Romania and France. The shares are listed and posted for trading on the TSX Venture Exchange under the symbol "SLG".

    
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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. In addition, statements relating to reserves or resources are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions that the reserves and resources described can be profitably produced in the future.

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 discussed under the heading "Risk Factors" in the Company's Annual Information Form.

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 press release. Sterling does not intend and does not assume any obligation to update these forward-looking statements except as required by law.

Financial outlook information contained in this press release about prospective results of operations, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available. Readers are cautioned that such financial outlook information contained in this press release should not be used for purpose other than for which it is disclosed herein.

Contacts

visit www.sterling-resources.com or contact: Stewart G. Gibson
Chief Executive Officer
Phone: 44-133082-6717
Mobile: 44-7768-042219
stewart@sterling-resources.co.uk

George Kesteven
Manager
Investor Relations
Phone: (403) 215-9265
Fax: (403) 215-9279
george@sterling-resources.com