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Sienna Resources Inc
Symbol SIE
Shares Issued 52,756,382
Close 2018-02-13 C$ 0.30
Market Cap C$ 15,826,915
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Sienna increases Slattberg project to 12,733 acres

2018-02-14 06:32 ET - News Release

Mr. Jason Gigliotti reports

SIENNA RESOURCES INC SIGNIFICANTLY INCREASES LAND HOLDINGS ON SWEDISH COBALT PROSPECT

Sienna Resources Inc. has significantly increased the landholdings on its Slattberg cobalt-nickel-copper project in Sweden.

This new Slattberg exploration licence contains four old mines with one being the historic Martanberg copper mine, which was operated in the late 1700s and early 1800s. The Martanberg field is known for its copper-rich skarn-style mineralization. The underground workings extended to depths of 80 to 100 metres, and little to no modern exploration has been conducted in the area. The company plans to bring modern techniques and views to this added acreage. The Slattberg cobalt-nickel-copper project now consists of three exploration licences covering 12,733 acres and at least 16 historic mines.

On Jan. 30, the company announced that initial results have been received from the continuing magnetic survey work on the Slattberg cobalt-nickel-copper project in Sweden. High-resolution magnetic surveys in the area of historic nickel-copper-cobalt mines have defined multiple strong magnetic responses along the trends of mineralization. These areas of strong magnetic response are interpreted to represent steeply plunging bodies of massive sulphide mineralization that is rich in pyrrhotite. The magnetic data appear to confirm additional continuity of drill-defined zones of mineralization known from the historic drilling. Along with the historic drill data, these new magnetic data are being used to define multiple high-priority drill targets for the upcoming drill program.

Slattberg's massive sulphide mineralization is known to be strongly magnetic, owing to its high concentrations of pyrrhotite, a magnetic ferrous sulphide mineral associated with the Co-Ni-Cu (cobalt-nickel-copper) mineralization. The new magnetic data are being used to potentially generate additional high-priority drill targets on the project. Drilling is slated to commence in the coming weeks.

Jason Gigliotti, president of Sienna Resources, stated: "We are very pleased to significantly expand our Swedish landholdings. We are in a strong cash position right now and with the new data obtained from the magnetic survey recently completed, we are ready to commence drilling shortly. Cobalt prices are currently at fresh 10-year highs right now and show no signs of slowing as the global demand on the battery metals continues to strengthen. We look forward to a very active 2018."

About Sienna Resources Inc.

The Slattberg cobalt-nickel-copper project now consists of three adjacent exploration permits comprising approximately 12,733 contiguous acres.

Slattberg is located 25 kilometres northwest of Falun, Sweden. Slattberg is a historic mining camp hosting cobalt-nickel-copper-rich massive sulphide mineralization that occurs within a two-kilometre belt of historic nickel-copper mines. The project contains drill-defined massive sulphide mineralization that extends to about 100 metres in depth, and remains open for expansion at depth and along strike.

The technical contents of this release were approved by Greg Thomson, PGeo, a qualified person as defined by National Instrument 43-101.

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