Sienna Gold Inc.

Sienna Gold Inc.

July 27, 2012 09:00 ET

Sienna Gold Inc. Announces Closing of $2,011,300 Financing

CALGARY, ALBERTA--(Marketwire - July 27, 2012) - Sienna Gold Inc. ("Sienna" or the "Corporation") (TSX VENTURE:SGP)(LMA:SGP) announces that it has completed its previously announced private placement financing of US $2,011,300. This financing was completed in Alberta, with Northern Securities Inc. acting as broker, and in Peru, with the lead broker being Grupo Privado de Inversiones - Valores S.A., Sociedad Agente de Bolsa (GPI Valores SAB). The Corporation issued 5,746,571 units at US$0.35 per unit, with each unit consisting of one common share and one common share purchase warrant. Each warrant entitles the holder to subscribe for one additional share for US$0.55 for a period of one year from closing. Proceeds will be used for further exploration work on the Corporation's Igor project in Peru and for general working capital. Sienna paid commissions of $140,791 and issued 402,260 broker warrants, each of which will entitle the holder to subscribe for one additional unit at the issue price for a period of one year from closing. All securities issued pursuant to this placement are restricted from trading until October 23, 2012.

John M. Rucci, President

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information