SOURCE: Market Pulse

June 04, 2007 08:30 ET

Market Pulse Breaking News Alert for Monday, June 4, 2007: SGCP - Sierra Gold Corporation Potential Gold Values Exceed $600 Million!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA--(Marketwire - June 4, 2007) - Market Pulse News Alert for this AM, Stocks to Watch are: Sierra Gold Corporation (PINKSHEETS: SGCP), Dell Inc. (NASDAQ: DELL), Wal-Mart Stores Inc. (NYSE: WMT) and RussOil Corp. (OTCBB: RUSO).

Investors need to be watching Sierra Gold Corporation (PINKSHEETS: SGCP) this AM! Sierra Gold is engaged in the exploration and development of gold and diamond properties in West Africa. Sierra Gold Corporation owns the mining rights of Northern Star Resources Ltd, a Sierra Leone incorporated gold and diamond mining company. The rights include a secured 40 sq/km prime mining concession located on the North Pampana River which is one of Sierra Leone's richest known alluvial gold mining rivers. The country became famous world-wide after the discovery of the Star of Sierra Leone, a magnificent 969 carat diamond. In 2002, a 1440 carat, gem quality diamond was discovered in Kono which was later sold in Belgium for $75 million. Sierra Gold recently announced that gem quality diamonds have been confirmed on the Pampana North Property as a result of recent test samples from the company's ongoing bulk sampling program. The company needs to do more extensive testing to determine the potential value of the diamonds. The value of the gold reserves is estimated at $586,404,000 and does not include any diamond potential. Sierra Gold's short and long term cash flow is positive. The company plans to aggressively expand its mining profile with high quality explorations projects. Sierra Gold's aim is to acquire and develop gold and other precious and base mineral properties to increase shareholder value. SGCP is poised to become a significant player in the mining industry! SGCP has had several excellent news announcements out lately and one again before today's opening bell announcing the company commissioned geologist, Alieu Madhi, to do a report on the potential gold reserves of the Pampana North property! The report estimates the gold reserves to be just over 936,000 ounces! At $659.10 /ounce (May 31 second London fix price), the value of gold reserves is $616,917,600! Investors should be watching this one closely!

Sierra Gold Corporation (PINKSHEETS: SGCP) commissioned geologist, Alieu Madhi, to do a report on the potential gold reserves of the Pampana North property. The report estimates the gold reserves to be just over 936,000 ounces. At US$659.10 /ounce (May 31 second London fix price), the value of gold reserves is US$616,917,600.

Madhi's report is based on extensive bulk sampling work completed by the National Diamond Mining Corporation (NDMC), a Sierra Leone government operated mining company. He combined figures from U.S. mining engineer, Mike Manke's report on the Pampana North property with work done by NDMC to calculate the gold reserves.

Mr. Madhi (BSc,MSc) holds degrees in Geology and Engineering Geology from England. He worked as Chief Geologist for NDMC on several of their projects. For over 30 years, he has consulted for numerous government and international mining companies

The company will continue its comprehensive bulk-sampling to corroborate Madhi's and Manke's reports. The estimated gold values do not include the gold hard rock potential for the property nor the potential for precious metals and diamonds, which the company is presently investigating.

Stocks in the news and acting well as of late include: Dell Inc. (NASDAQ: DELL), Wal-Mart Stores Inc. (NYSE: WMT) and RussOil Corp. (OTCBB: RUSO).

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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated in free trading shares of common stock, available for public trading as follows: Sierra Gold Corporation compensation from a third party shareholder: four hundred fifty thousand free trading shares of stock in Sierra Gold Corporation already received from a third party shareholder. To date, MP has sold three hundred fifty thousand shares of stock in Sierra Gold Corporation for proceeds totaling forty nine thousand seven hundred fifty dollars. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market-Pulse.com and Market Pulse Breaking News Alert are owned by Market Pulse LLC.

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