TORONTO, Sept. 4, 2008 (GLOBE NEWSWIRE) -- Sierra Gold Corporation (Pink Sheets:SGCP) announced today that it will begin joint venture gold operations in Mali. Like Sierra Leone, Mali is located in the Birimian greenstone belt of West Africa, which has had a long history of gold mining and prospecting. The region has been one of the fastest growing gold producing areas worldwide. Mali is the third largest gold producer in all of Africa. One of Sierra Gold's main objectives is to increase the value of the company for its shareholders through acquisitions of properties of merit.
Sierra Gold also announces a new and upgraded website designed to give regular updates regarding all projects and corporate activities. The company believes that entering into a new area of communication is essential for valuable communication with its shareholders and interested observers.
Doug Evans, CEO of Sierra Gold, commented: "I am excited about the prospect of doing business in Mali and the opportunity to acquire more property and expand our area of influence. It has taken time to solidify proper relationships in Mali and now we are ready to proceed. I am also excited about the company's ability to share updated developments much faster through our newly formatted website."
Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa.
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.