AMNP
American Sierra Gold Corp.

The Board of Directors conducted a recent trip to the mineral-rich country of Chile to assess business opportunities for American Sierra Gold Corporation (“AMNP”).  The Board is pleased to announce that it was able to secure valuable mining claims and participation interests, mainly in three properties:  the Pangue and Caren placer properties (AMNP through its Chilean subsidiary owns 100% of these claims), and a 15% participation interests in both the Madre de Dios and Ciclon mineral projects.      

Details: 

The Board of Directors for AMNP recently traveled to Chile and accomplished the following:

1.         Incorporated American Sierra Gold Chile, S.C.M. (“ASGC”) to allow American Sierra Gold to conduct business in Chile.  A RUT number was also obtained for ASGC allowing it to conduct business in Chile.

2.         AMNP board members, Gary Goodin and Vittal Karra, obtained individual RUT numbers, allowing them to conduct business in Chile.

3.         Extensive observation and assessment of certain properties owned by Juan Jose Quijano Fernandez and Juan Jose Quijano Claro was accomplished.  These included the Alto de Lapangue, the Caren Hard Rock and the Caren and Pangue Placer Properties.

4          Contractual Agreements between mineral claim owners Juan Jose Quijano Fernandez, Juan Jose Quijano Claro and ASGC were achieved.  These binding contractual agreements have all been legally executed and properly filed with the required Chilean entities.  A breakdown of these contractual agreements is as follows:

Caren/Pangue Placer Claims:

An agreement was concluded between ASGC and the property owners of the Caren and Pangue placer properties.  AMNP committed to provide 20 million shares and $100,000 in exchange for 100% ownership of these placer properties.  These placers are rich in minerals that have flowed down from the Alto de Lapangue.  These properties consist of 17 mining claims of approximately 1798 hectacres situated in the District of Curacaui, Providence of Melihilla, Country of Chile.  ASGC now owns 100% of these claims and they have been registered with the proper Chilean authorities.  The Board is working hard at moving forward to production on the placer properties as soon as possible so that returns may be realized.  Pursuant to the agreement the retained production percentages are:  ASGC 65%, Juan Jose Quijano Fernandez 25% and Juan Jose Quijano Claro 10%. 

Madre de Dios and Ciclon Participation Agreements:

            An agreement was concluded for participation in two massive and valuable projects in Chile.  First, ASGC obtained a 15% participation interest in the Madre de Dios.  The Madre de Dios is a massive gold project located in southern Chile.  The largest gold nugget ever found in Chile was found here. Second, a participation agreement was concluded on a massive copper project in the northern part of Chile, the Ciclone I and II.  ASGC obtained a 15% participation in this project.  Combined these participation agreements call for AMNP to provide 50 million shares and $500,000.

            AMNP is in the process of preparing and filing updated information to become current on the pertinent listing exchange.

Gary P. Goodin

President/Chief Executive Officer

American Sierra Gold Corporation

Cautionary Statement – Forward-Looking Information

This news release may contain certain “forward-looking statements” within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.