Surrey, British Columbia. January 15, 2021. Sierra Growth Corp. (the “Company” or “Sierra”) (CSE: SGRO) (OTC: SIERF) (FF: F91Q) announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to retract certain of its disclosure.
In addition to the other matters set out below, the Company's website and investor presentation contained disclosure of mineral resource estimates regarding the Company's Silveria and BCS- Mildred Projects that are not supported by National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) reports. Company is retracting all such disclosure and advising that the public should not rely on those resource estimates.
The Company does not have any current mineral resources or mineral reserves on its properties.
The Company has removed its previous investor presentation in its entirety as it contained a number of other restricted and potentially misleading disclosure.
Mr. Craig Alford, P. Geo and MSc, Director of the Company, is a qualified person under National Instrument 43-101 standards and is responsible for ensuring that the information contained in this news release is accurate by Sierra Growth Corp. Mr. Alford has approved the scientific and technical content of this news release.
ON BEHALF OF THE BOARD
Sonny Janda, Director
For further information on the Company, please contact Sonny Janda, Director, Tel: (604) 357-3741 or at
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, statements that address the timing and content of certain agreements and development. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant busine ss, economic, competitive and regulatory uncertainties and risks, including the ability of the Company to raise the funds necessary to fund its projects and, accordingly, may not occur as described herein or at all. Actual results may differ materially from those currently anticipa ted in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include Covid-19 restrictions, market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availabi lity of capital and financing and general economic, market or business conditions. Readers are referred to the Comp any’s filings with the Canadian securities regulators for information on these and other risk factors, available at www.sedar.com. Investors are cautioned that forward -looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.”