Update to August 24, 2010 field report;

I would like to update shareholders on information I received on August 25, 2010 at 3:45 A.M. EST from Sierra Leone regarding gold and diamond extraction. Sierra Gold Corp extracted 18 ounces of gold and 21 diamonds through the middle of August from our rainy season operations. While I feel this information is not worthy of a press release it is information that our shareholders should be notified of. While performing mining operations during the rainy season has and does offer new challenges provided by Mother Nature we are working on long term solutions to address these challenges.

John Semacko Jr
President
Sierra Gold Corp.

Field report Aug 24 2010

In response to shareholder requests for more detailed reporting on mining operations and equipment purchases I would like to address these issues.

Mining operations;

SGCP is currently involved in placer mining in Sierra Leone and as such hold mining concessions in Zimmi, Bo and Pampana. Currently we have mining licenses on properties in the Zimmi district on the Mano and Mowa River and Bo district on the Sewa River. In order to clarify for those investors unfamiliar with placer mining process I would like to explain this further. First of all, we are using dredges that are located on rivers. The dredges are used for the removal of overburden which is any type of dirt or sand above gravel layers of interest or false-bottom (endured clay). If the gravel layers of interest are above and in the bedrock, you basically vacuum up the gravel. If you run into a false-bottom where the most interesting gravel layers are located, the dredge operator must use a cutter head to allow deeper access to this gravel and then vacuum up the gravel. Depth and quality of gravel varies from location to location and testing is done to determine these factors.

Placer deposits have been exploited by man since early historic time and have remained an important source of gold on the world market into the 21st Century.
Placer deposits have yielded over 60% of the world's gold production.

Dredges:

Essentially our 50 ton per hour dredge is a vacuum and classifier. It’s the primary means of recovery and separation of gold and gems in an underwater operation. These units are mobile and can be moved on the river as necessary.

It works by pumping water to create a vacuum allowing material to be sucked off the river bottom. Once it is pulled to the surface it is then slowed down and run across a sluice box. By doing this, it creates a high and low pressure area. Gold and gems by their specific gravity weight will naturally settle to the low pressure areas because they are heavier than the rest of the river material (sand & gravel). The dredge is rated on how many tons of material it can process per hour at full throttle. A dredge operator will adjust the flow to provide the best recovery per the amount of material processed, In other words, the finer the gold and gems the less material it can process without loss.

Our 100 ton per hour unit is a larger piece of equipment using gravel pumps hooked to a wash plant. The wash plant we have in operation is a trommel and sluice box combination. The gravel pump sucks up the river bottom and sends it to the trommel.
A trommel is a washing machine for gravels and clay. It rotates and washes while breaking up the clumps of clay that contain the gold and gems. The trommel has a screen on it that allows smaller material to fall through and move on to the sluice box for concentration. The larger material that won't pass through the screen will be discarded out the end of the trommel to either be put back through or discarded as tailings

This set up is best served in a stationary location with a large amount of clay and material to be processed.

Per our field report dated July 26, 2010 we have on location in Sierra Leone three 50 ton per hour and one 100 ton per hour units.

Our mobile Wash Plants will be deployed to locations as upcoming mining season dictates and work separately from our dredges.

We hope that this brief, detailed explanation of the mining and dredge process currently incorporated by SGCP has been useful to the shareholders and you have gained a better understanding of how the company is utilizing the natural resources of Sierra Leone as well as the equipment purchased and built for the extraction of said resources.

John Semachko Jr
President
Sierra Gold Corp.

August 21, 2010 Field Report

1. Mining operations

One dredge operating in water clearing overburden
Second dredge being moved due to high water caused by heavy rain. This is one of the challenges and difficulties we face in mining during the rainy season.
New area testing commencing in advance of fall/ dry season.

2. Agriculture operations

Maize to be harvested early September followed by sorghum and then rice in November.

3. Carbon credit’s

Larger Kirri trees 6 feet tall
SGCP is aiming to develop our own seeds and rooting
The preliminary portion of Phase I of the Biomass PDD has been completed by Green Giant Venture Fund. Completion of Phase I and moving into Phase II is currently being addressed and there will have an update in next month’s field report.

John Semachko Jr.
President
Sierra Gold Corp.

Field Report; July 26th 2010

Mining operations:

Sgcp currently has one dredge in operation in Zimmi. Doug Evans will be leaving for Sierra Leone early August and will see if we can operate a 2nd dredge during the rainy season.
We will be starting the new mining season with (3) fifty ton per hour dredges, (1) one hundred ton per hour dredge and two wash plants. All roads have been finished along with compound. This will also allow us to keep equipment near our mining operations.
We are planning to start building our 2nd 100 ton per hour dredge by the start of December. Estimated manufacturing time is 60 days

Sierra Leone experiences a hot and humid tropical climate with a wet and dry season. The summer rainy season is between May and October with most rain falling in July and August. Because of the marked seasonality of rainfall the rivers become very swollen in the wet season and may flood extensive areas. However, water levels fall by as much as 26 feet in the dry season when the rivers may be reduced to shallow streams.
The above conditions will determine the start of the mining season. Please understand that it takes time for the rivers to go down once the rainy season is over. This being considered to give an exact start date for full operations would be irresponsible in my opinion

Agriculture:

All planting is complete on 1500 acres of land
Crops planted are rice, sorghum, cassava, peanuts and corn
We are planning to have two harvests of peanuts
SGCP has acquired one tractors to increase the size of are agricultural operations
SGCP has started a program to benefit the local villagers and SGCP. For every sack of produce given to the villagers SGCP will receive 2 sacks in return. This will increase the food supply to the villagers and SGCP will receive a 2 to 1 return.
The next report on Agriculture will be at harvest time unless something changes. When and if changes accrue we will advise in field report

Carbon Credit Project:

We are presently waiting for the completion of the biomass PDD by Green Giant Venture Fund. The PDD is 90% complete and we have advised Green Giant Venture Fund of our disappointment in the delay. SGCP will do what ever it takes to make sure this project will continue to move forward in a timely manner.
With the final arrangements completed for the upcoming mining season and crops in the ground I will be spending the majority of my time working on the carbon credit project. I will update our shareholders once the PDD is complete and we start the validation process. During the validation process we will be working on the forward sale of the project.

In conclusion, this will be the first mining season where we have this amount of mining equipment in country and on or near location. This is the mining season we have been working towards where we have the quality of people, mining concession and the equipment to work them. We are expanding our agricultural operation while involving the people of Sierra Leone with the goal of being profitable with our agricultural operations in 2011. Last but not least we fill strongly in our Carbon Credit projects. The landscape has changed in the carbon market with some of the problems in Europe and lack of movement by the United States Government. This has offered some new challenges but we fill the adjustments that needed to be made have been done. I would like to thank our shareholders for there continued support and look forward to the upcoming mining season.

Be well, John
John Semachko Jr.
President
Sierra Gold Corp.

Field report June, 15th 2010

Our first manufactured dredge passed all testing and will be put into operation. We have also finalized the purchase of an 8 inch dredge located in Sierra Leone and also expect delivery of a dredge from California in the next couple weeks. With the arrival of the dredge from California SGCP will have four 8 inch dredges and two wash plants.
Our head dredge operator will be extending his stay in Sierra Leone. It is his belief we can continue dredging operations deep into the rainy season. This will be accomplished by dredging previously tested feeder streams.
Doug Evans is pleased with the quality of the gravel being extracted and recent testing has found areas of ancient gravel.
Gold production numbers will be released on July 15th.
Biomass PDD is expected to be completed by end of the month.

Field report June 9th

Due to calls and e-mails from shareholders concerning gold production reporting dates I will reevaluate and make changes to the policy of reporting production numbers twice a year for the upcoming mining season.

John Semachko Jr.
President, Sierra Gold Corp.

Field report June 1st, 2010

Doug Evans CEO will be in Sierra Leone for the next month working on numerous projects
Extraction numbers report dates will be July 15th and January 15th yearly. The two dates where chosen for these reasons.
1. Our shareholders will know exactly when extraction numbers will be out
2. Strategically these dates are positioned to give our shareholders end of mining season numbers and early season production numbers.

Field reports will be given at least once a month to keep shareholders informed. Press releases will be used when there is a material change in the company or news worth event

Mining operations:

We are presently dredging, washing gravel and testing areas for next mining season
Final testing is near completion on our first company manufactured dredge. This 8 inch dredge is larger than the standard 8 inch dredge and will allow us to operate later into the rainy season
With the expansion of our Zimmi compound and completion of 3 roads this will allow us to start operations earlier in the mining season and end later in the season.
Currently we have one 8 inch dredge and two wash plants on location. One 8 inch dredge due to arrive by mid June was shipped in early April from California (shipping time is estimated to be 62 days). One 8 inch dredge we manufactured. Possibly (depending on purchase agreement) one 8 inch dredge presently located in Sierra Leone.
With the end of the mining season approaching we are looking to acquire additional wash plants at cost effective prices.

Carbon credit/Biomass:

As we continue to work on the forward sale of our afforestation project we have started writing a second PDD for biomass. Due to the softness of the market, current issues facing the European Union and need for alternate energy we are adding the biomass option to the project.

John Semachko Jr.
President, Sierra Gold Corp

To shareholders 10 April, 2010.

While I am aware of what's going on in various chat lines etc I have neither the
time nor interest to participate in them - never have - never will -- having said that, to clarify any misconceptions:
SGC has no JV interests outside of local partners in Sierra Leone.
SGC has no interest is selling or parting with any of its interests in SL.
SGC in in the business of developing its interests and adding to them in all corporate aspects.
Unequivocally, I have no interest in unsubstantiated hearsay nonsense.

UPDATE Through 13 Mar, 2010.

28 oz au were recovered and sold through JV ops
26 pcs diamonds were recovered (.2 - 1.45 cts various grades)
Gravel from 7 sites will be washed during April
Both wash plants have been upgraded and will be in operation wk10 April
2 dredges will be in operation mid-end April
CC Kiri trees arrived and plant ops are under way
Plowing for rice, peanuts sorghum and cassava underway
Updated photos coming soon

Doug Evans wrote from SL

SHAREHOLDER LETTER & FIELD REPORT UPDATE

The Company has received a number of letters from shareholders over the past several weeks, most of which refer to concern over the lack of press releases and news updates. This increase in shareholder concern follows a pattern that mostly relates to the stock price decline. It is worth noting that during the previous rise in the stock price, the company received no letters nor did it issue any press. The general sense of the letters we have received indicates a feeling that the company is either doing nothing or acting in a manner detrimental to the best interests of all concerned, so

TO THOSE SHAREHOLDERS AND THOSE WHO FEEL SIMILARLY

As this company is of the utmost importance to me and the other principles I am genuinely sorry that those of you that wrote to me feel this way. From my point of view I'm in the business of company building and not the P & D business, so we at SGC try to act in the best interest of both the company and the shareholders. All our press releases are reviewed by two different securities attorneys prior to being submitted for release. As per guidelines provided by regulatory authorities, a press release should only be sent out if there is a material change in regard to the company’s operations. Otherwise we use the field reports to update ongoing activities. It must be stressed that just because we don't issue daily/weekly updates is not an indication that nothing is happening!! I believe that we have the potential for a great year both operationally and financially. I hope this adds clarification for all shareholders and assists in your decision making as it relates to Sierra Gold. I would like to take this opportunity to personally thank everyone for their support and wish you all the best for 2010.

FIELD REPORT

February 14th was a very positive day for Sierra Gold. President Koroma, as part of his visitations of the Northern Province Chiefdoms, spent the day in the Malal/Mara Chiefdom. He was briefed on the company’s agricultural and Carbon Credit activities in that area. He expressed his pleasure with the Company’s employment procedures and the opportunities providing local employment. He was also impressed with our efforts in increasing rice acreage as part of the countries efforts towards food self-sufficiency and the potential of the Carbon Credit program and its benefits to Sierra Leone and Malal/Mara in particular.

Agriculture

all crops are harvested and stored
land preparation under way for planting & CC activities
application process under way for acquisition of new 90HP tractor
trial 4 acre test planting for CC activities under consideration

CC Project

under review by a number of interested parties
PDD document undergoing minor changes as required by new regulations

Mining

newly acquired 8” dredges due for shipping shortly
local 8”dredge building project commenced
local mining activities under way at 7 different sites (gold and/or diamonds)
road building under way for dredging activities
JV activities with Liberian associates under review
exploration activities planned for commencement in April

Field Report; January 17th 2010

Licensing

All new areas licensed, one previous licensed area is undergoing relicensing due to the death of landowner and name change of heir i.e. new landowner.
Note: licensing is done on our behalf by landowner(s) and assigned by memorandum of understanding as to 100% interest for a 5 to 10 year period. For this the company employs, provides medicine, pays and feeds the local laborers and after expenses they have a 10% profit interest in the project.

Mining operations

Two 8 inch dredges have been acquired and are in the final pre-shipment phase, two further dredges are under contemplation. Building of local dredges will commence in 10 days.
One land based operation has commenced and despite water levels one dredging operation is underway.

Farming

Harvesting is still underway all projects i.e. rice, sorghum, peanuts and cassava will be expanded again this year to increase acreage of each. Next year sales will commence and acreage will continue to be increased. Test cropping of garden vegetables and corn will commence. Note farm area licensing is similar to licensing process outlined above.

Carbon Credit Project

Progressing as anticipated.

Financial information

All current financial information is available at Pinksheets.com.

Field report: December 17, 2009

SGCP was assigned a significant new mining area previously unavailable to outside interest and have commenced licensing process in order to commence mining operations in January.
SGCP has reached an agreement in principal for use of a significant land position of virgin forest for preservation. The land position also includes open bolli land for agricultural/plantation purposes as well as previously logged land for reforestation projects.
Mining operation are on schedule to begin in January
While activities continue in Copenhagen at COP 15 we have received inquiries from numerous sources on SL1 and continue discussions.

We at Sierra Gold Corp. would like to thank our share holders for there continued support and wish all a happy holiday season and look forward to exciting 2010.

Field Report; December 3, 2009

Doug Evans is currently in Sierra Leone and will be there until December 15, 2009. Doug Evans reports that during his time there he will be traveling to our mining operations in Zimmi and Bo along with our farming operations in Mara Mala and Porte Locko. Negotiations are scheduled with Paramount Chiefs to secure 100,000 additional acres for our Carbon credit program. Doug can be reached in Sierra Leone his phone number in Sierra Leone is listed on our web page or you can contact John Semachko Jr. with questions.

SGCP has recently updated our web page listing upcoming projects for 2009-2010 and updated information on our properties. We have received inquiries on carbon credit project SL1 and are in early stages of discussions. Upon Doug Evans return SGCP will update shareholders on mining operations in Sierra Leone.

Field Report; 23rd Nov 2009

Starting the ramp up of mining operations in January with the aim of having 2-3 river operations and 3 land operations all going by end of February
Encouraged by the price of gold looks to be creating a new base at $1100
Harvesting of this years crops underway
Carbon credit project SL1 has been approved by the UNFCCC CDM Bazaar. The UNFCCC CDM Bazaar is a web based facility which serves as a platform for the exchange of information on CDM project opportunities (for more information on CDM Bazaar visit there web site at www.cdmbazaar.net). SGCP is in the process of forward selling the project as stated in our field report dated November 4, 2009
SGCP is starting the new Carbon credit project SL2

Regarding project SL1 from SGCP viewpoint, it is now part of the ongoing process when something material changes i.e. a sale with funding completed SGCP will announce it. At this point from our position nothing has changed from previous information provided.

We are still working on updating our web page and hope to have it completed by the end of the week if possible.

Be well, John Semachko Jr.

Field Report: November 9, 2009

SGCP will be updating the project, property and other pages on the website over the next couple weeks. You will find that we have added an updated letter from the C.E.O. as our first step.
We will be updating the field report on all projects as information becomes available

Field Report: November 4, 2009

Carbon Credit Program has been submitted to the World Bank

Process of forward selling Carbon Credit Project has begun

SGCP income from forward selling Carbon Credit Project estimated to be in eight figure range

SGCP has acquired 36 patented gold and diamond claims throughout a 27 mile area between the Mano and Mayo Rivers. Licensing is expected to be completed in December operations to begin in January.

Due to current conditions in Sierra Leone from the rainy season full mining operations will be in place January 1st

Field Report; Oct 14 2009

Doug Evans is presently in Sierra Leone setting up operations for the up coming mining season. SGCP is in the process of sending an 8 inch dredge to Sierra Leone we hope to be able to ship the dredge in the next 3 to 4 weeks out of Baltimore Maryland. With the dredge comes a professional dredge operator with over 20 years of experience plus experience in swift water dredging.

The Carbon credit project is moving forward as expected complete survey of 42,500 acres of land is expected to be completed by 10/19/ 2009. Baseline scenario is near completion and project design documents are underway. We hope to have information on the value of the project soon as all pieces are falling in place.

September 24 2009 Field report

Sierra Gold Corp. has signed an agreement with Green Giant Venture fund to be the Project Developer for Sierra Gold Corp carbon credit projects. By using the present land holdings we have, the project developer will calculate the amount of carbon credits that Sierra Gold Corp. will have to trade in the carbon credit market. The amount of carbon credits will not be known until all methodologies are completed. This process has started as all funding is in place to begin.

Carbon credit activities through global exchanges exceeded $115 billion dollars in 2008 and are projected to increase. Carbon credits are purchased by companies, governments the World Bank and traded in the futures market. Recently the World Bank purchased 450,000 carbon credits from the Congo.