[M.D. Holloway]

Sierra Gold Corporation (Other OTC: SGCP.PK) has recently delivered samples to SGS Laboratories in Toronto, Canada from its ongoing bulk samples program (first quarter of 2007). The company hopes to validate results from last year's samples which were taken from two separate pits. Assay results for gold were approximately .9oz/ton (26 grams) and 2oz/ton (6 grams) respectively.

Geologist, Alieu Madhi's report on the potential gold values for the Pampana North property was based on .0329 oz/ton. The most recent gold grades are at least six times higher than those reported by Mr. Madhi. Additionally, the property's potential gold value of $586 million reported in the December 12, 2006 news release was based on gold price of $626.50 per ounce.

Sierra Gold's geological team will require further investigation and exploration to define the gold value and develop the property. The program will also include the hard rock portion of the property.

Gold prices closed yesterday 678.20 (second London fixing). Increased demand, world political instability, and the weakness of the U.S. dollar are major contributing factors to this continue rise in gold prices.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The company will continue to conduct extensive research and development of high quality mineral exploration projects.