Mr. Wally Boguski reports

SIERRA IRON ORE ARRANGES $2,000,000 PRIVATE PLACEMENT

Sierra Iron Ore Corp. has arranged a non-brokered private placement to qualified investors.

The private placement financing will consist of five million non-flow-through units for total proceeds of $2-million.

Each non-flow-through unit will be priced at 40 cents and will consist of one common share and one-half warrant. Each full warrant entitles the holder to purchase one common share at a price of 55 cents per share following 24 months from the closing date.

The proceeds will provide working capital and continued financing of the company's exploration and development fieldwork program, which would include a preliminary pilot testing plant operation for the purpose of testing zones at the El Creston iron ore property.

"We are very pleased with the iron ore grades from the results announced on May 8, 2013, and we look forward to further advancing the company's projects," stated Wally Boguski, president and chief executive officer.

The company agreed to pay finders' fees to arm's-length qualified parties.

We seek Safe Harbor.