Sierra Gold Corporation Assay Results Consistently Show 300 PercentGreater Gold Grades Than Geologist's Earlier Report

TORONTO, June 11, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) (Frankfurt:JYB) has just received results from its April 2007 bulk-sampling program. Sample concentrates taken from the Pampana River showed assay results of 32g/ton of gold. Assay results from samples taken from the Pampana North property over the last year have given gold grade values approximately 300% higher than those reported by Geologist, Alieu Madhi. The report stated the estimated value of the gold reserves is over US$600 million based on US$659.10 /ounce (May 31 second London Fix price). The company will continue its comprehensive bulk-sampling program to corroborate Madhi's report. The estimated gold values do not include the gold hard rock potential for the property nor the potential for precious metals and diamonds, which the company is presently investigating. Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa, which is one of the fastest growing gold-producing regions in the world. The company will continue to conduct extensive research and development of high quality mineral exploration projects. 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 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. CONTACT: Sierra Gold Corporation Jeremy Hunt, Corporation Consultant 304.523.3980 jhunt@invstrategies.com www.sierragoldcorp.com --- End of Message --- Sierra Gold Corporation 5 Marjon Lane Huntington, West Virginia U.S.A. WKN: A0ML61; ISIN: US8263151032; Listed: Freiverkehr in Frankfurter Wertpapierbörse;