Sierra Vista Energy Ltd.

Sierra Vista Energy Ltd.

October 24, 2005 09:41 ET

Sierra Vista to Commence Trading on Tuesday, October 25, 2005

CALGARY, ALBERTA--(CCNMatthews - Oct. 24, 2005) - Sierra Vista Energy Ltd. (TSX VENTURE:SVR.A) (TSX VENTURE:SVR.B) ("Sierra Vista" or the "Corporation") is pleased to announce that it has received final listing approval from the TSX Venture Exchange regarding its Initial Public Offering allowing the Corporation's shares to commence trading at the opening on Tuesday, October 25, 2005 under the symbols SVR.a and SVR.b.

The Corporation's Board of Directors has approved the grant of 520,000 stock options under the stock option plan, to management, directors and key personnel of the Corporation. The exercise price of the options is $0.75 and the options are to expire on October 14, 2010.

Sierra Vista is an Alberta-based company formed to participate in oil and gas exploration, development and acquisitions focusing in the Peace River Arch and South Central region of Alberta.

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 statement.

Contact Information

  • Sierra Vista Energy Ltd.
    Mr. Mark Malouin
    President & Chief Executive Officer
    (403) 265-9393 ext 201
    (403) 265-9224 (FAX)
    Suite 1750, 800-6th Avenue SW
    Calgary, Alberta T2P 3G3