SOURCE: American Sierra Gold Corp.

American Sierra Gold Corp.

October 13, 2009 09:33 ET

American Sierra Gold Corp. Signs $6 Million Equity Financing Agreement

RENO, NV--(Marketwire - October 13, 2009) - American Sierra Gold Corp. (OTCBB: AMNP), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce that it has entered into an equity financing agreement with a European-based institutional investor for up to $6,000,000.

"We are very pleased to have closed this equity financing agreement as it will allow us to fund the implementation of our operations and acquisitions strategy. This agreement is an indication of confidence in the future of our projects and will ensure the future growth of the Company," stated Mr. Wayne Gruden, American Sierra Gold's CEO and President. "The stock purchase warrants attached to each unit to be sold under this agreement, could eventually translate into an additional $10.5 million in funding available to the company," added Mr. Gruden.

Under the terms of the agreement, American Sierra has the right to call upon funds for up to $6,000,000 by issuing units consisting of one share of its common stock and one common stock purchase warrant exercisable for the purchase of one additional share of common stock. The securities to be issued under the agreement have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent a registration or an applicable exemption from the registration requirements. Full details of this agreement can be reviewed on our latest SEC filings.

About American Sierra Gold Corp.:

American Sierra Gold Corp. is a publicly traded independent gold exploration company headquartered in Reno, Nevada (OTCBB: AMNP). Shareholders and prospective investors are encouraged to call investor relations at 1-888-279-3921 or visit American Sierra Gold Corp's website: http://www.americansierragold.com and to subscribe to the email newsletter.

Forward-Looking Statements

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