TORONTO, May 17, 2007 (PRIME NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) is pleased to announce that it has commenced trading on the Frankfurt Stock Exchange (www.deutcheboerse.com) under the German security code JYB the listing will provide Sierra Gold with increased exposure to world-wide capital markets.
The company believes that its Frankfurt listing will assist European Investors in their ability to trade Sierra Gold common stock.
The company representatives initiated negotiations last week with a Swiss Financial institution. To formulate a financial plan that will provide capital to initiate production for its gold reserves, molybdenum and other precious metals.
Sierra Gold is aggressively investigating the potential acquisition of other precious metal targets within the region
The company is continuing its exploration program to further define the gold value and develop the Pampana North property. Sierra Gold is encouraged by the increasing demand for gold and the continued rise in gold prices.
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 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.