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File: NAA News Release Apr29-16.pdf

                                                    NEWS RELEASE
            April 29, 2016                                                                     Symbol:-TSX-V: NAA

                               SIERRA ANNOUNCES PRIVATE PLACEMENT

Vancouver, BC   SIERRA IRON ORE CORPORATION ("Sierra" or the "Company") is pleased to
announce that further to the March 21, 2016 news release, the Company has raised $277,500 in the first
tranche of the proposed $525,000 non-brokered private placement to qualified investors. 793,000 units
("Units") will be issued at a price of $0.35. Each Unit will consist of one common share and one-half
share purchase warrant (each whole share purchase warrant being a "Warrant"). Each whole share
purchase Warrant will entitle the holder to purchase one additional common share, at a price of $0.50 for
a period of 24-months from closing.

Subject to market conditions, the Company expects to raise an additional $247,500 on the same terms in
the near future.

The proceeds of this private placement will be used to advance exploration on the Company's Canadian
properties and for general working capital purposes.

All securities issued will be subject to a four-month hold period from closing. No finder's fee will be paid
on this tranche of the private placement.

The private placement remains subject to TSX Venture Exchange approval.


About the Company

Sierra is a mineral exploration company focused on creating value through the exploration and
development of its British Columbia and Ontario mineral properties. Sierra is presently conducting a
stage 1 drilling program in and around Emo, Ontario.

                   On behalf of The Board of Directors of Sierra Iron Ore Corporation.

                                                           Wally Boguski
                                                          President & CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncer
--->tainties not under the
control of Sierra Iron Ore Corporation which may cause actual results, performance or achievements of Sierra Iron Ore 
--->Corporation to be
materially different from the results, performance or expectation implied by these forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release, which has been prepared by management.



                                                                                           CANADA                     
--->                       USA
                                                                              13236 Cliffstone Court                  
--->    #1021   100 Easy Street
                                                                          Lake Country BC V4V 2R1                     
--->         Carefree, AZ 85377
                                                                                 Tel: 250-766-1517                    
--->          Tel: 480-575-1220
                                                                                 Fax: 250-766-1839                    
--->          Fax: 480-488-3492
                                                                                www.sierrairon.com                    
--->        info@sierrairon.com
 

File: NAA News Release Apr29-16.docx


NEWS RELEASE 
 
 April 29, 2016           Symbol:-TSX-V: NAA                  
SIERRA ANNOUNCES PRIVATE PLACEMENT                                                                        
 
 Vancouver, BC - SIERRA IRON ORE CORPORATION ("Sierra" or the "Company") is pleased to announce that further to the Ma
--->rch 21, 2016 news release, the Company has raised $277,500 in the first tranche of the proposed $525,000 non-brokered 
--->private placement to qualified investors. 793,000 units ("Units") will be issued at a price of $0.35. Each Unit will c
--->onsist of one common share and one-half share purchase warrant (each whole share purchase warrant being a "Warrant"). 
--->Each whole share purchase Warrant will entitle the holder to purchase one additional common share, at a price of $0.50
---> for a period of 24-months from closing. 
Subject to market conditions, the Company expects to raise an additional $247,500 on the same terms in the near future
--->.
The proceeds of this private placement will be used to advance exploration on the Company's Canadian properties and fo
--->r general working capital purposes.
All securities issued will be subject to a four-month hold period from closing. No finder's fee will be paid on this t
--->ranche of the private placement. 

The private placement remains subject to TSX Venture Exchange approval.

About the Company
Sierra is a mineral exploration company focused on creating value through the exploration and development of its Briti
--->sh Columbia and Ontario mineral properties. Sierra is presently conducting a stage 1 drilling program in and around Em
--->o, Ontario.
On behalf of The Board of Directors of Sierra Iron Ore Corporation.

Wally Boguski
President & CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncer
--->tainties not under the control of Sierra Iron Ore Corporation which may cause actual results, performance or achieveme
--->nts of Sierra Iron Ore Corporation to be materially different from the results, performance or expectation implied by 
--->these forward looking statements.  
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared b
--->y management.