This analysis will be followed by prioritization of its identified anomalies in preparation for Q3 diamond drilling.

The company will be putting out tenders for diamond drilling of previously unidentified anomalies located on its optioned ground in western Ontario.

The Ni- Cu – PGM anomalies appear to be supplemented by Fe +Au. Sierra fully expects the drilling to commence in Q3.

The Company has also granted 1,769,855 stock options to directors, officers and consultants under its stock option plan. The options may be exercised at a price of $0.55 cents for up to five years, subject to vesting restrictions and percentage limits imposed by regulatory requirements or the plan.