SOURCE: American Sierra Gold Corp.


December 22, 2009 08:45 ET

American Sierra Gold Corp. Operations Update on Discovery Day Project

RENO, NV--(Marketwire - December 22, 2009) - American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, is pleased to provide an update on the Discovery Day Gold Project, a production-ready gold property in Northern California.

As previously reported on October 23, 2009, American Sierra entered into a joint venture agreement to contribute $2,000,000 over a period of 2 years in order to obtain a 75% ownership interest in the Discovery Day Gold property. On December 8, 2009, American Sierra and its joint-venture partner finalized and closed the joint-venture agreement. The joint-venture operating company has now been formally established under the name Gold Run Enterprises, LLC and it is ready to initiate operations in the mine. Up to date, American Sierra has contributed $275,000 towards the joint venture.

"We are very pleased to have concluded the necessary formalities to be able to begin operations at the Discovery Day Gold project. We are now ready to initiate the preparatory work to rehabilitate some of the past workings and to provide maintenance to our fully-permitted mill. We expect to initiate Phase 1 of our work program in January 2010, weather conditions allowing," commented Mr. Wayne Gruden, CEO of American Sierra.

"We look forward to validating the exciting potential of the project. Our goal during the upcoming months will be developing near-term reserves for the mill and identifying new sources of ore immediately adjacent to the mill. If successful, we would expect to see the first production and revenue in 2010," added Mr. Gruden.

Forward-Looking Statements

The statements by our officers, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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