Mr. Sonny Janda reports

SIERRA CLOSES CAD $995,000 OF PRIVATE PLACEMENT

Sierra Grande Minerals Inc. has successfully closed its previously announced non-brokered private placement financing.

The company has raised aggregate gross proceeds of $995,000 through the issuance of 19.9 million units at a price of five cents per unit. The net proceeds received from the offering will be used by the company for general working capital. The shares issued will have a four-month hold. Officers of the company also participated in the financing. Each unit consists of one common share of the company and one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at an exercise price of 6.5 cents for a period of 24 months closing date, expiring on May 14, 2028.

We seek Safe Harbor.