Sterling Group Ventures Inc.: Corporate Update

Vancouver, British Columbia--(Newsfile Corp. - September 7, 2016) - Sterling Group Ventures, Inc. (OTCQB: SGGV) (the "Company") announces:

The Company, Chenguo Capital Ltd. ("Chenguo"), and Sterling Group Ventures (HK) Ltd. have signed a Settlement and Termination Agreement (the "Termination Agreement") to terminate the Purchase and Sale Agreement (the "Agreement") of April 9, 2016. Under the terms of the Agreement the Company paid the sum of $287,923 to Chenguo for working capital related to the development of a time share platform. As part of the termination, Sterling Group Ventures (HK) Ltd. (formerly named Euro Asia Premier Realty (HK) Ltd.) has been sold back to Chenguo and the Company paid $16,100 to Sterling Group Ventures (HK) Ltd. for its expenses together with the sum of $7,750 to a third party to expedite the termination. Any shares issued pursuant to the Agreement are currently being rescinded. All parties to the Termination Agreement agree not to sue any of the other parties for anything performed or not performed under the Agreement before or after the signing of the Termination Agreement. In addition, Hanwei Guo has resigned from the Company's Board of Directors.

ON BEHALF OF THE BOARD OF DIRECTORS

STERLING GROUP VENTURES, INC.

"Christopher Tsakok"
Christopher Tsakok, CEO

For further information, please check the Company's SEC 8-K filing or contact:
Christopher Tsakok, MBA, CFA, CEO or Robert Smiley, JD, Director
Phone: (604) 684-1001 Fax: (604) 684-1001
info@sterlinggroupventures.com
www.sterlinggroupventures.com

Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, product prices and changes in international and local markets, as well as the inherent risks of the mining related business. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.