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Sierra Gold Corporation Receives Positive Gold Assay Results From SGS Laboratories

TORONTO, Canada, Feb. 20, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) has just received gold assay results from its December 2006 bulk sampling program from SGS Laboratories in Toronto, Canada. Samples 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 $588 million reported in the December 12, 2006 news release was based on gold price of $626.50 per ounce. Yesterday's gold price (second London fixing) was $670.75 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 surged to a seven month high yesterday to $670.75. 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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Rated 'Speculative Buy,' Target Price $0.69 by Beacon Equity Research

DALLAS--(BUSINESS WIRE)--Sierra Gold Corporation (Pink Sheets: SGCP - News) has been rated "Speculative Buy" with a target price of $0.69 by Beacon Equity Research Analyst, Lisa Springer, CFA.


Anyone interested in receiving alerts regarding Sierra Gold Corporation research should email members@beaconequityresearch.com with "SGCP" in the subject line.

In the report, the analyst writes, "Sierra Gold has acquired 100% of the mining rights to a property stretching over a 40 square kilometer area in Sierra Leone, West Africa. The Sierra Leone mines have proven reserves of gold and other precious metals. The property is located in the greenstone belt of West Africa, one of the world's fastest growing areas of gold exploration and development."

"Larger competitors include Goldcorp (NYSE:GG - News), IAMGOLD Corp, (NYSE: IAG - News), Bema Gold Corp. (NYSE: BGO - News), and Metallica Resources (AMEX: MRB - News). The company claims to possess gold reserves valued at $586 million. Based on approximately 79 million shares outstanding, this suggests the value of Sierra Gold's gold reserves (before extraction costs) to be approximately $7.42 per share. Further analysis indicates the presence of potential gold bearing gravel at lower depths than previous sampling reports."

"A report on the mining property estimates gold reserves of 520,000 ounces with grades of .12 oz/ton. The Company conducted extensive assaying in late 2005 that established the presence of large quantities of gold of grades 2.62 gm/ton at depths twice those considered in the analysis."

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Sierra Gold Corporation (SGCP). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. As a potential conflict of interest, Beacon has directly been compensated two-hundred fifty thousand free trading shares from a non-controlling third party shareholder for enrollment of SGCP in its research program. These shares will be sold in the open market at any time following the issuance of this research report and may negatively affect the performance of the stock price. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Confirms the Presence of Platinum Group Metals With Encouraging Results

TORONTO, Feb. 14, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) has just received assay results from its December bulk-sampling program from SGS Laboratories in Toronto, Canada, that has confirmed the presence of platinum group metals with encouraging results. Sample concentrates were taken from two separate pits. Assay results for platinum were .31 oz/ton and .13 oz/ton respectively. Results for gold and other precious and rare earth metals are expected shortly.

Platinum demand is expected to grow at a 9% rate in 2007. Nearly 50% of platinum demand comes from its use in antipollution devices on automobiles. Major platinum demand also comes from applications in the petroleum, glass and electronics industries as well as from the jewelry industry particularly in India, China and Turkey.

Sierra Gold's geological team has returned to the Pampana North property this week to investigate and further explore the presence and potential values of precious metals. The team will plan a program to more clearly define and develop the property in the areas tested that have given the most encouraging results. This program will also include the hard rock portion of the property as well.

Because the company needs to do more extensive testing to determine the value of the potential precious metals, the value per share of $7.42 given on December 13, 2006 only pertains to the placer gold deposits on the property.

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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Plans More Aggressive Bulk Sampling for Diamonds On Pampana North Property


TORONTO, Feb. 6, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) announces plans for more aggressive bulk sampling in the diamond region of the Pampana property. Gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. This discovery confirms geologist Hendrik Velduyzen's statement in his 43-101 report (2006) that 'certain stones found in the gold bearing gravel are similar to those found in kimberlite and suggest the presence of diamonds'. The geological team will return to the area where they collected a two-ton sample yielding six diamonds, five of which were gem quality. The company needs to do more extensive testing to determine the potential value of the diamonds. The value of the gold reserves is $586,404,000 and does not include any diamond potential.

Sierra Leone is a major exporter of diamonds and is recognized internationally for the outstanding size and quality of its diamonds. Sierra Leone's production is characterized by a high proportion of top-quality gem diamonds. The country became famous worldwide after the discovery of the Star of Sierra Leone, a magnificent 969-carat diamond. In 2002, a 1440-carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Leone has produced several of the largest alluvial diamonds ever discovered.

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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Platinum Group Metals and Other Precious Metals Discovered On Sierra Gold Corporation's Property

TORONTO, Jan. 29, 2007 (PRIME NEWSWIRE) -- U.S. Mining Engineer, Mike Manke, reported the presence of platinum group metals as well as other precious and rare earth metals from bulk samples tested as a result of geological work done on the Pampana North property. Sierra Gold (Other OTC:SGCP.PK - News) has validated some of the findings of Mr. Manke from bulk samples tested at SGS Laboratories (Toronto,Canada) in 2005, which show the presence of platinum group metals. More samples collected in December, 2006 are presently being tested for a full spectrum analysis of precious metals by SGS Laboratories with results soon to be available.


Sierra Gold's geological team will return to the Pampana North property this week to investigate and further explore the presence of precious metals. The team will plan a program to more clearly define and develop the property, which will include a drill program in conjunction with trenching.

Because the company needs to do more extensive testing to determine the value of the potential precious metals, the value per share of $7.42 given on December 13, 2006 only pertains to the placer gold deposits on the property. The value of gold reserves is $588,404,000 and with 79,031,973 shares outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction.

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.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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Uncovers Hard Rock Formation and Initial Observation Indicates Presence of Gold

TORONTO, Jan. 22, 2007 (PRIME NEWSWIRE) -- Last week, a hard rock formation was uncovered as a result of Sierra Gold's (Other OTC:SGCP.PK - News) ongoing bulk sampling program on the Pampana North property. Initial observation indicates the presence of gold.


In his 43-101 report (April 2006), geologist Hendrik Velduyzen states that there is a 400 meter long gold bearing quartz vein system, parallel to the Yirisen gold vein deposit reported in the literature from historical work done. Mr. Velduyzen observed certain geological indicators that could support the existence of a gold vein deposit. The Yirisen gold vein system located in the Sula mountains is the largest known gold deposit in Sierra Leone. Historically the Pampana River and its tributaries have supported some of the richest alluvial gold workings both in the Sula mountains and in the country.

Sierra Gold's geological team will return to the Pampana North property at the end of January to investigate and further explore the hard rock formation. The team will plan a program to more clearly define and develop the property, which will include a drill program in conjunction with trenching.

The company needs to do more extensive testing to determine the value of the potential hard rock gold deposits. The value per share of $7.42 given on December 13, 2006 only pertains to the placer gold deposits on the property. The value of gold reserves is $588,404,000 and with 79,031,973 shares outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction.

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.Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Confirms Gem Quality Diamonds On Pampana North Property

LAS VEGAS, Jan. 10, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) announces that gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. This discovery confirms geologist, Hendrik Velduyzen's statement in his 43-101 report (2006) that ``certain stones found in the gold bearing gravel are similar to those found in kimberlite and suggest the presence of diamonds''. The geological team collected a two ton sample from one area which yielded six diamonds, five of which were gem quality. The company needs to do more extensive testing to determine the potential value of the diamonds. The value of the gold reserves is $586,404,000 and does not include any diamond potential.

Sierra Leone is a major exporter of diamonds and is recognized internationally for the outstanding size and quality of its diamonds. Sierra Leone's production is characterized by a high proportion of top-quality gem diamonds. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Leone has produced several of the largest alluvial diamonds ever discovered.

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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Discovers Diamonds On Pampana North Property

LAS VEGAS, Dec. 14, 2006 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Other OTC:SGCP.PK - News) announces that diamonds have been discovered on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. This discovery confirms geologist, Hendrik Velduyzen's statement in his 43-101 report (2006) that ``certain stones found in the gold bearing gravel are similar to those found in kimberlite and suggest the presence of diamonds''. Because the company needs to do more extensive testing to determine the potential value of the diamonds, the value per share of $7.42 given yesterday only pertains to the gold deposits on the property. The value of the gold reserves is $586,404,000 and with 79,031,973 shares outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction.

Sierra Leone is a major exporter of diamonds and is recognized internationally for the size and quality of its diamonds. The country's major source of hard currency consists of the sale of diamonds. Sierra Leone's production is characterized by a high proportion of top-quality gem diamonds. The county became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Leone has produced several of the largest alluvial diamonds ever discovered.

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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation to Order NOBO List

LAS VEGAS, Dec. 14, 2006 (PRIME NEWSWIRE) -- Sierra Gold's (Other OTC:SGCP.PK - News) management is in the process of ordering a current Non Objecting Beneficial Owners list (NOBO list) from ADP Investor Communications. The NOBO list shows a more complete and comprehensive shareholder profile than is typically available on a shareholder list provided by a transfer agent. In addition, management will order Depository Trust Corporation (DTC) reports for further examination. Both lists will be utilized to uncover possible short positions.

The NOBO list will be used to determine the naked short position in Sierra Gold's common stock. The NOBO list will be compared to the reports from the DTC which contains data regarding all brokers and amounts of shares being held for investors. These lists will be used to get a total amount of shares owned by all shareholders and any naked short positions. The findings will then be reported to the NASD (National Association of Securities Dealers) to take action against the violators of the naked short regulations.

The company would like to advise the shareholders to ensure their accounts have not lent out their stock without the shareholder's knowledge and consent. Shareholders are also advised to ask their broker's compliance department if any of their stock position has been loaned to potential short sellers, and how to prevent this from happening.

Our corporate advisors and legal parties have agreed that we must take action against suspected naked short selling of its or anyone's securities in the marketplace. The company will take all necessary action to protect its shareholder's investments.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Valuation of Gold Property Translates to $7.42 per Share

LAS VEGAS, Dec. 13, 2006 (PRIME NEWSWIRE) -- Sierra Gold (Other OTC:SGCP.PK - News) commissioned Geologist Alieu Madhi to do a report on the potential gold values of the Pampana North property. The report estimates the gold reserves to be just over 936,000 ounces. At $626.50 per ounce (Dec. 11 second London fix price), the value of the gold reserves is $586,404,000. With 79,031,973 shares currently outstanding, the gold reserves have a per share value of $7.42 before calculating the costs of extraction.

Madhi's report is based on extensive bulk sampling work completed by the National Diamond Mining Corporation (NDMC), a Sierra Leone government operated mining company. He combined figures from Manke's report with work done by NDMC. Manke's gold grades were over three times higher than the grades used by Madhi to calculate the gold reserves.

Mr. Madhi (BSc, MSc) holds degrees in Geology and Engineering Geology from England. He worked as a Chief Geologist for NDMC on several of their projects. For over 30 years, he has consulted for numerous government and international mining companies.

The company will continue its comprehensive testing program to further corroborate Madhi's and Manke's reports. Initial bulk sampling tests have produced higher gold grades than the gold grades found in both reports. The company has also begun dialogue with other mineral companies to mine the property under a joint venture agreement.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Bulk Sampling Tests Support High Grade Gold Potential; Responds to Spate of Unsolicited Email
Monday December 4, 8:00 am ET

LAS VEGAS, Dec. 4, 2006 (PRIME NEWSWIRE) -- Sierra Gold (Other OTC:SGCP.PK - News) announces encouraging results from a bulk sampling program completed on the Pampana North concession in the spring of 2005. The test results indicated gold bearing gravel depths to be more than double those previously reported by U.S. Mining Engineer, Mike Manke.

Higher gold grades than Manke's figures were also reported from several 20 kilogram samples assayed by SGS Laboratories in Ontario, Canada. As well, PGMs and silver were present in the assays. With higher gold values and larger quantities of pay gravel, the gold potential could be considerably higher than the $260M estimated by Manke.

In his report, Mr. Manke stated that the Pampana North Concession would qualify as a larger grade placer deposit as defined by the U.S. Bureau of Mines. (minimum of 1 million cubic yards and 0.10 ounces of gold per yard). Mr. Manke estimated the gold bearing gravel to contain approximately 6 million cubic yards with an average of 0.12 ounces of gold per yard. These figures do not include potential hard rock reserves.

No assurance can be give that past or similar results of gold mining will be indicative of future results. An ongoing program of basic exploration data collection and an aggressive investigation will be required to define the property's gold reserves.

There has been unsolicited emails sent recently that have not been authorized by or with the knowledge of Sierra Gold. Doug Evans, CEO, comments that ``our company has no association with nor condones unsolicited emails and will do everything possible to minimize this unprofessional activity.''

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.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Corporation Discusses Pampana North's Hard Rock Gold and Diamond Potential

LAS VEGAS, Nov. 13, 2006 (PRIMEZONE) -- In his 43-101 report (April 2006), geologist Hendrik Velduyzen states that there is a 400 meter-long gold bearing quartz vein system, parallel to the Yirisen gold vein deposit reported in the literature from historical work done. Mr. Velduyzen observed certain geological indicators that could support the existence of a gold vein deposit. The Yirisen gold vein system located in the Sula mountains is the largest known gold deposit in Sierra Leone. Historically the Pampana River and its tributaries have supported some of the richest alluvial gold workings both in the Sula mountains and in the country.

Sierra Gold Corporation plans to investigate the quartz vein system with geochemical surveys, geological mapping, and geophysical surveys in conjunction with trenching. Geologists, Bill Boberg (Director of Exploration and Geology) and Hendrik Veldhuyzen (Consulting Geologist) will plan the program to further define and develop the property.

Mr. Velduyzen also noted in his report that certain stones found in the gold bearing gravel are similar to those found in kimberlites and suggest the presence of diamonds.

Sierra Leone is a major exporter of diamonds, which are well known for their size and quality.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold Announces Results for Potential Gold Reserves

LAS VEGAS, Oct. 26, 2006 (PRIMEZONE) -- U.S. Mining Engineer Michael Manke (BSc, MSc) was commissioned in 1993 to do field work and write a report estimating the potential for gold reserves on Sierra Gold's Pampana North concession.

Mr. Manke estimated the gold reserves to be approximately 520,000 ounces. At $500 per ounce, the property's potential value would be over $260 million. This report does not include the property's potential hard rock gold vein referred to by Hendrik Veldhuyzen's 43-101 report (2006) (see Oct. 2 press release). The hard rock area is situated in close proximity to the largest known hard rock gold vein in Sierra Leone.

No assurance can be given that past or similar results of gold mining will be indicative of future results. An ongoing program of basic exploration data collection and an aggressive investigation will be required to define the property's gold reserves.

Mr. Manke holds a BS and MS in Mining Engineering and a Minor in Geology from the South Dakota School of Mines and Technology. Since 1977, he has been actively involved in mineral exploration, mining, processing and consulting with numerous publicly listed mining companies.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. Pampana North is referred to as a ``Property of Merit'' in the 43101 report (2006). The company will build a successful mineral exploration company through geological experience and efficient management while conducting extensive research and development of high quality mineral exploration projects.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


Sierra Gold’s Pampana Concession Classified as “Property of Merit”

Las Vegas, Nevada (October 3, 2006): Sierra Gold Corporation (SGCP:PK) Geologist, Hendrik Veldhuyzen (BSc,MSc), was commissioned to complete a 43-101 / Competent Person’s Report for the company’s Pampana North concession.

His report dated April 12th, 2006 classified Pampana North as a ‘Property of Merit’ warranting acquisition and further exploration for both alluvial gravels and for hard rock quartz vein systems. The northeast section of the property contains the one known bedrock gold vein potential, 1200 feet long, and located 9 km. from the Yirisen gold deposit. Historical geological data has determined Yirisen to be the largest gold vein deposit in Sierra Leone. The mining rights to this deposit which lies adjacent to Sierra’s property belong to Mano River Resources Inc. (AIM: MANA). In his report, Mr. Veldhuyzen also noted the potential of diamonds from material found in gravels similar to that found in Kimberlites.

The greenstone belts of West Africa have had a long history of placer gold mining and prospecting. Similar greenstone belts around the world commonly contain major gold deposits. This is the main reason why West Africa is the second fastest growing gold producing regions in the world. No assurance can be given that past or similar results of gold mining will be indicative of future results.

An ongoing program of basic exploration data collection and an aggressive investigation to define possible mine-able alluvial and hard rock resources has been recommended by the company’s consulting geologist. Mr. Veldhuyzen is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Newfoundland and L’Ordre Des Geologues Du Quebec. He has had 27 years of full-time international field work with a variety of worldwide corporations.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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.


Sierra Gold Corporation Announces Appointment of
New Officers and Directors

Las Vegas, Nevada (September 28, 2006): Sierra Gold Corporation (SGCP:PK) is pleased to announce the following appointments:

• Geologist Mr. Bill Boberg will serve as the company’s Director of Exploration and Geology. He brings 35 years of experience in investigating, assessing and developing a wide variety of mineral resources in a broad range of geologic environment in western North America and Africa.

• Mr. Spence Stewart (BA, LLB, QC), has been appointed Director and Secretary. Mr. Stewart has over 35 years of legal experience and expertise in such areas as contract, litigation and securities law.

• Mr. Dinesh Parakh has been appointed Director. He is a graduate of Yale University. He has graduate degrees in International Business & Law, and has worked the last several years with the United Nations in South Africa.

Sierra Gold Corporation is engaged in the exploration and development of international mining properties. The company is expanding its mining profile with on-going high quality exploration projects.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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.


SIERRA GOLD ANNOUNCES ACQUISITION OF GOLD PROPETY

LAS VEGAS, NV, September 26, 2006 (Primezone) Sierra Gold Corporation (SGCP:PK) has acquired from Northern Star Resources Ltd., 100% of the mining rights to a 40 sq.km. gold property in Sierra Leone, West Africa. The acquisition of the Pampana gold concession serves as a platform to engage in a greenstone belt area with proven historical exploration and geology.

The greenstone belt of West Africa has had a long history of gold mining and prospecting. The region has been one of the fastest growing gold mining producing areas worldwide. Sierra Leone’s neighbors, Ghana and Mali, are the second and third largest gold producers in all of Africa.

Several world-class mining companies have been historically involved with gold mining operations in West Africa while others have recently established themselves in the region. Like its neighbors, Sierra Leone also has the potential to become a significant gold producing country and Sierra Gold is poised to take advantage of this opportunity. No assurance can be given that past or similar results of the gold mining will be indicative of future results.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.


VIKING EXPLORATION INC. NAME CHANGE AND REORGANIZATION

Las Vegas, NV. September 19, 2006 (Primezone) Viking Exploration Inc. (VIKE-PK) has changed its name and trading symbol to Sierra Gold Corporation (SGCP-PK).

The company has also reorganized its stock structure with a 5 to 1 reverse split of its common shares.

Sierra Gold has elected a new director and president, Mr. Douglas Evans.
Mr. Evans (BA, MBA) spent 25 years in the military as a pilot and staff officer to the Minister of National Defence. Since his retirement from military service he has served as President and Director of a number of public and private companies in the mining and technology sectors for the past 17 years.

Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. The company will build a successful mineral exploration company through geological experience and efficient management while conducting extensive research and development of high quality mineral exploration projects.

Contact
Jeremy Hunt, Company Consultant

Safe Harbor: 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 harbour 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.