Sierra Grande Minerals Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.06 per unit for gross proceeds of up to CAD 300,000 on December 30, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.08 for a period of two years from the date of closing.

The Company may pay a finder?s fee to qualified individuals in respect to the Financing. Securities issued as a result of the Financing will be subject to a statutory hold period.