John Semachko Jr.

Phone: +1 330 273 6181 
Email: john.semachko@sierragoldcorp.com

 

Doug Evans

503-192 Jarvis St.
Toronto, ON M5B 2J9
Canada
Phone: Canada +1 416 200-6966 or Sierra Leone +232 76 768 175
Email: dougevans@sierragoldcorp.com

 

JS Stewart

RR #2 Baltimore ON
Canada 
Phone: +1 905 372 8616.
Email: jsstew@sierragoldcorp.com

Letter from the President

I would initially like to thank all of you for both your interest and support of Sierra Gold Corporation. At the same time, I would to thank the various entities who supported the company and to a large extent are responsible for where we are today.

Today is a very exciting time for SGCP; we start the upcoming mining season in the best shape ever with four dredges, trained crews and an experienced head dredge operator. We also completed an experimental approach to the Sierra Leone rainy season and are pleased with the results. This I believe is the mining season we all have been waiting for with equipment in place and ready to go. We are also moving forward with our agriculture and Carbon Credit programs as stated in our December 2nd field report.

Once again I would like thank you all for your continued interest and support of Sierra Gold Corporation and would like to wish you and your family a happy and healthy holiday season and a profitable new year.

Be well,
John Semachko Jr.
President SGCP

Letter from the CEO to the shareholders

Over the last several weeks, numerous observations, requests, suggestions, etc. have been received from a large number of our shareholders. 

I would initially like to thank all of you for both your interest and support of Sierra Gold Corporation.  At the same time, I would to thank the various entities who supported the company and to a large extent are responsible for where we are today.

First and foremost, let me reiterate that Sierra Gold Corporation is a gold mining company with a variety of projects in Sierra Leone, West Africa.  By virtue of the geology of that country, we are also in the diamond mining business.  That is our primary business and that is our main focus.  We have recently expanded the mining interests and are in the process of licensing the new areas for the upcoming mining season.

In addition to our mining interests, Sierra Gold Corporation has acquired agricultural properties which have been financed and expanded over the past 4 years.  This business has a multifaceted aspect in that it helps feed the companies workers, it employs and feeds a significant number of local people in the nearby areas and it will, in time, become a profit source for the company through local sales and export of the products.

Because of our farming land interests, we were approached to consider entering into a Carbon Credit Project.  This kind of project is environmentally friendly in addition to creating ongoing work for the local villagers and provides funds to manage the project. Our next step was for Sierra Gold Corporation to approach the landowners, paramount chiefs and local council/government this past summer and we successfully secured their support for the project. 

In order to proceed forward with the project, Sierra approached 2 third parties who provided project funding for a participatory interest and we have now reached the stage of project submittal for approval.  Should this project be approved as expected, the carbon credits available for the project can be forward sold and we are advised the proceeds of such a transaction would result in eight(8) figure proceeds.  These proceeds will allow Sierra Gold Corporation to develop and complete a 20,000 acre Kiri project as well as supporting all of Sierra Golds other activities.

I hope this report clarifies the numerous queries submitted recently by our shareholders. 

I would conclude by saying that Sierra Gold Corporation is looking to have a successful and expanded mining and farming season in 2010.

I thank you all again for your continued interest and support of Sierra Gold Corporation. I wish you all a happy and profitable holiday season.

Doug Evans
CEO  SGCP

2011-2012 projects 

Mining Projects:

• 3 mining dredge operations in Zimmi
• 1 mining dredge operation in Bo
• 1 mining and exploration operation in Yele
• We also have small artisanal J.V. agreements with local land owners 
  
  

Agriculture:

We have expanded our agricultural operations to 1800 acres. Current crops are rice, sorghum, cassava, peanuts and maze. We are making final decisions on the crops we will plant this year and the percentage of each crop to be planted. We are currently working on non dilution financing to increase our agricultural operations. 

Carbon Credit Project:

On February 1, 2011 the Company entered into a Carbon Development Agreement with Bio-Carbon Solutions International Inc (OTC Pinksheets: BICS) for the purpose of securing technical services for: 1) the completion of a Project Design Document for the registration of carbon offsets from forestry activities (conservation and afforestation) from 42,000 acres of lands in Sierra Leone, and 2) for fundraising for the realization of the carbon project. Pursuant to the Carbon Development Agreement the Company shall pay a contingency payment of 10% of the net profits from the sales of the carbon offsets upon their realization.

 

2009 – 2010 projects:

Mining projects:

1. Gboya district; river operations.
2. Bo District; 1 river operation on Sewa and 1 land operation.
3. Zimmi District: 2 dredge operations on the Mano River with one more planned as season progresses. 1 dredge operation on the Mowa River with 2 more planned as season progresses. 3 land operations 1 in Zimmi North and 2 in Zimmi south.
4. Testing between the Mano and Mowa River on the upper Atlantic Ocean terrace.
5. Joint ventures in Kono, Tonkolli, Kabala, Kamaklia and Mali are on going and under review.

 

Carbon Credit projects:

1. SL1: 42,500 acre project in the Tonkolli district has been accepted by CDM Bazaar and is in the process of forward selling the project
2. SL2: 70,000 acre project in the Tonkolli district P.I.N. document and other procedures are under way. SL2 project is expected to be completed and DOE ready by September of 2010. At this time the process of forward selling the carbon credits will begin.

 

Farming projects:

We are presently harvesting current crops and look to expand operations over the next year. Current crops on properties are rice, sorghum, cassava and peanuts.

Douglas Evans - Chairman and CEO

Mr. Evans (BA,MBA) spent 25 years in the Canadian Forces as a pilot and staff officer to the Minister of National Defense. Since his retirement from military service, he has served as president and director of a number of public and private companies involved in their financing and development in the mining and technology sectors for the past 17 years.

John Semachko Jr. Director and President

With 20 years of business, sales and finance experience, Mr. John Semachko Jr. directs corporate financing, operations, carbon credit project development, shareholder communications and sales. From past field trips, John has considerable travel and local knowledge of Sierra Leone operations.

James Spence Stewart – Director and Secretary

Mr. Stewart (BA, LLB,QC) is an attorney who has worked 20 years as litigation counsel, 10 years as civil and criminal counsel to the Attorney General of Ontario and Canada; 5 years as Secretary & General Counsel to a large development firm, and was appointed to the Queen’s Counsel.

Paulus Bairoh - Director

Mr. Bairoh is a Sierra Leonean and son of a Paramount Chief. He has over 10 years' experience in artisanal mining and brings a more progressive, pro-business approach that is reflective of the younger generation of his country.

Hendrik Veldhuyzen - Consulting Geologist

Mr. Veldhuyzen (BSC,MSC) is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Newfoundland and L'Ordre des Geologues du Quebec. He has 27 years of full time international field work with a variety of worldwide corporations.

Sierra Gold Website:  www.sierragoldcorp.com/index.htm   Google www.google.com/  Gold Quote www.magyver.com/metals.htm

Link to Field Reports http://www.sierragoldcorp.com/field_reports.php

Authorized shares -  2,225,000,000  Shares outstanding - 1,824,619,315 as of Sept 30.2010 www.otcmarkets.com/stock/SGCP/company-info

 Wyoming Secretary of State: wyobiz.wy.gov/Business/FilingDetails.aspx

Social and Cultural Summary for Sierra Leone.  www.everyculture.com/Sa-Th/Sierra-Leone.html

If there were "required reading," this would be part of it. A little dated but still excellent. Special thanks to speculator777.

5-2-11 BioCarbon Solutions Secures Carbon Development Agreement With Gold Minor in Sierra Leone http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62640635&txt2find=bics
4-30-11 Field Report http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62630726

3-31-Field Report http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61599510

2-28-14 Pro-Truck14's Meeting with Doug operational summary investorshub.advfn.com/boards/read_msg.aspx

 2-11-11 SGS Minerals Lab Analysis investorshub.advfn.com/boards/read_msg.aspx

 2-9-11 Field Report investorshub.advfn.com/boards/read_msg.aspx

1-20-11 Field Report investorshub.advfn.com/boards/read_msg.aspx
12-21-10 Letter From the President investorshub.advfn.com/boards/read_msg.aspx

12-3-10 Field Reporinvestorshub.advfn.com/boards/read_msg.aspxt 

11-26-10 Field Report investorshub.advfn.com/boards/read_msg.aspx

10-26-10 Field Report  investorshub.advfn.com/boards/read_msg.aspx

9-23-10 Field Report investorshub.advfn.com/boards/read_msg.aspx

9-9-10 PRESS RELEASE investorshub.advfn.com/boards/read_msg.aspx

8-24-10 Field Report investorshub.advfn.com/boards/read_msg.aspx

Claytrader's 11-30-10 annotated SGCP chart ih.advfn.com/videos/stock-chart/sgcp-technical-chart-11-30-2010_qQTumvg17vY

Sierra Leone news sources:

SierraExpressMedia  www.sierraexpressmedia.com/ Cocorioko www.cocorioko.net/

Africa News www.africanews.com/site/page/sierra_leone  Awareness Times news.sl/drwebsite/publish/index.shtml

7 day Weather Forecast, Bo, Sierra Leone weather.weatherbug.com/Sierra%20Leone/Bo-weather/local-forecast/7-day-forecast.html

Climate Profile www.myweather2.com/City-Town/Sierra-Leone/Kenema/climate-profile.aspx

SGCP Crops - Rice, Corn, Peanuts, Cassava, Sorghum

Cassava investorshub.advfn.com/boards/read_msg.aspx

Sorghum investorshub.advfn.com/boards/read_msg.aspx

Rice  investorshub.advfn.com/boards/read_msg.aspx

Corn  investorshub.advfn.com/boards/read_msg.aspx

Peanuts 

Transfer Agent:
Capital Transfer
(416)350-5007

MANAGEMENT:

Douglas Evans - Chairman and CEO dougevans@sierragoldcorp.com

Mr. Evans (BA,MBA) spent 25 years in the Canadian Forces as a pilot and staff officer to the Minister of National Defense. Since his retirement from military service, he has served as president and director of a number of public and private companies involved in their financing and development in the mining and technology sectors for the past 17 years.

John Semachko Jr., Director and President:  330-273-6181  www.sierragoldcorp.com

With 20 years of business, sales and finance experience, Mr. John Semachko Jr. directs corporate financing, operations, carbon credit project development, shareholder communications and sales. From past field trips, John has considerable travel and local knowledge of Sierra Leone operations

James Spence Stewart - Director and Secretary jsstew@sierragoldcorp.com

Mr. Stewart (BA, LLB,QC) is an attorney who has worked 20 years as litigation counsel, 10 years as civil and criminal counsel to the Attorney General of Ontario and Canada; 5 years as Secretary & General Counsel to a large development firm, and was appointed to the Queen's Counsel.

Bai Kamara - Director

Mr. Kamara brings 19 years of management experience in the U.S. banking and manufacturing sectors. Mr. Kamara was born in Sierra Leone and has been involved in the country's mining sector for over 10 years. He will provide Sierra Gold with expertise and insight into the business activities in Sierra Leone.

Personnel www.sierragoldcorp.com/personnel.php