Sierra Vista Energy Ltd.

Sierra Vista Energy Ltd.

September 21, 2005 10:30 ET

Sierra Vista Energy Ltd. Announces Filing of Preliminary Prospectus

CALGARY, ALBERTA--(CCNMatthews - Sept. 21, 2005) -

Not for dissemination in the United States or to U.S. persons

Sierra Vista Energy Ltd. ("Sierra Vista" or the "Corporation") is pleased to announce it has filed a preliminary prospectus for the issuance of up to 10,000 flow through units at $1,000 per unit for a total of $10,000,000. Each unit consists of 400 flow-through Class A Shares at a price of $0.25 per share and 90 flow-through Class B Shares at a price of $10 per share. Dundee Securities Corporation is acting as sole agent for the financing and has been granted by the Corporation the option to offer for sale up to an additional 1,000 units.

The Company's team includes Mark A. Malouin, President, Chief Executive Officer and Director, Morley W. Mychaluk, Executive Vice President and Director, Doug J. Andrews, Manager of Exploration and Tracy K. Hecker, Controller. Outside directors include David R.P. Mears, Chairman, Lyle F. Dunkley and Stanley Carscallen, QC.

Sierra Vista is an Alberta-based company formed on June 7, 2005 to participate in oil and natural gas exploration, development production and acquisitions in Western Canada. Sierra Vista currently has eight strategic farm-in's focusing on the Peace River Arch and South Central Alberta area. There are 15 drill ready multi-zone locations on approximately 13,000 acres with follow-up opportunities.

Sierra Vista has applied for listing approval on the TSX Venture Exchange for the Class A Shares and Class B Shares and are expecting to begin trading in October 2005.

Forward-Looking statements: This document contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sierra Vista Energy Ltd.
    Mr. Mark Malouin
    President & Chief Executive Officer
    (403) 862-9044
    (403) 215-9254 (FAX)