Corporate Update - Peruvian Projects

Delta, British Columbia, February 10, 2020/ Sierra Growth Corp. (the “Company” or “Sierra”) (CSE: SGRO)  (OTC:  SIERF)  (FF:  F91Q)  is  pleased  to  announce  that  Sierra  has  engaged  Mr.  Craig  Alford,  a,  Professional Geoscientist, to continue the Company’s detailed review of all current and historic geological data and prepare a schedule for commencement of an upcoming work season on the Company’s Peruvian assets.

Sierra  presently  holds  2  exploration  projects  within  Peru;  the  Espanola  Gold-Silver-Copper-Zinc Project and the Silveria Silver-Copper Project. Both projects are located within 100km of the capital, Lima, and are accessible by road.


Previous  43-101  technical  reports  on  the  Espanola  project  have  highlighted  a  series  of  five  largepolymetallic quartz veins containing Gold, Silver, Copper and Zinc mineralization within the 3,600-hectare project.  The  veins  are  up  to  4m  in  width  and  are  known  to  continue  at  depth  from  local  workings.  The  longest vein has, to date, been traced for over 1,500 meters on surface and contains individual grab values up to 3.35 g/t Au, 47.9 g/t Ag, 9.33% Cu and 3.49% Zn. It is noted that the grab samples were selective in nature and are not necessarily representative of the mineralization hosted on the property


The  Silveria  Project  is  comprised  of  213  concessions  covering  a  large  area  of  over  7,500  hectares  that  includes several historical Silver-Copper-Zinc-Lead mines. The area is underlain by numerous North-East trending   mineralized   veins   which   may   have   formed   in   an   intermediate   sulphidation   epithermal   environment.

Modern data exists for approximately 40% of the historical workings and selected samples of areas in which historic records do not mention gold have assayed 6.89 g/t gold. Recommendations from previous technical reports on the Silveria Project proposed programs on prospective areas for Silver, Gold and Copper beneath and along strike of the old workings.

Sierra is currently developing a 2020 exploration program, consisting of mapping, trenching, soil sampling and auger drilling based on Mr. Alford’s recommendations and further oversight and supervision.

Mr.  Alford  is  a  Qualified  Person  under  National  Instrument  43-101  and  has  over  34 years  of  extensive  exploration experience including within Latin America and the South American Cordillera. Technical Data for the Peruvian projects was reviewed and approved by Mr. Alford. The data set on the projects includes previous  43-101  reports  by  Luc  Pigeon,  PGeo  for  Espanola  and  a  43-101  report  by  SRK  on  the  Silveria  Project.


“Sonny Janda”


+1 (604) 357-4731

Further  information  regarding  Sierra  Growth  Corp.  and  its  operations  can  be  obtained  by  reviewing  the  Company’s interim and annual reports and other documents on SEDAR at  Looking  Statements –  Certain  information  set  forth  in  this  news  release  may  contain  forward-looking  statements  that  involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Sierra Growth Corp., including, but not limited to the impact of general economic  conditions,  industry  conditions,  volatility  of    commodity  prices,  currency  fluctuations,  dependence  upon  regulatory  approvals,  the  availability  of  future  financing  and  exploration  risk.  Readers  are  cautioned  that  the  assumptions  used  in  the  preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.