Sierra Gold Announces Planned Participation in Carbon Credit Programs to Fund Its Mining and Agricultural Operations

Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it has reached an agreement with the landowners in its area of agricultural interests to utilize up to 70% of its agricultural holdings for Carbon Credit development programs. A number of world organizations have established these programs to enable companies to accumulate carbon credits that can be exchanged for money.

Carbon Credits are allotted to companies that support the environment in such ways as committing designated forest land to non-logging operations, re-foresting previously logged or mined lands, and growing alternative bio-fuel crops. The funds received from the Carbon Credit programs will be utilized by the company to fund further development of its mining and agricultural operations in Sierra Leone.

Doug Evans, CEO of Sierra Gold, commented: "We are pleased about the opportunity to participate in the Carbon Credit programs. The fact that we can move our projects forward by supporting the environment is an ideal position to be in and a very proactive way to bring increasing value to our shareholders".

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The Birimian greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest gold producing areas worldwide. Sierra Leone's neighbours, Ghana and Mali, are the second and third largest gold producers in all of Africa.

Safe Harbor: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Sierra Gold Corporation

CONTACT:  Sierra Gold
John Semacho Jr.
330-273-6183
www.sierragoldcorp.com

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