Sierra Iron Ore receives preliminary permit approval for production

Symbol:-TSXV.NAA
Symbol:-OTC- SIOCF

VANCOUVER, Sept. 23, 2013 /PRNewswire/ - Sierra Iron Ore Corporation (Symbol: NAA-TSXV/OTCQX:SIOCF) (the "Company") is very pleased to announce that it has received all of the preliminary local, state, and federal permits required to initiate production on the El Creston property. These permits include the Environmental Impact Statement from the Environmental Protection Authorities (SERMANAT) and the Change of Land Use permit.

The Environmental Impact Statement and the Change of Land Use approval come after an extensive environmental study of the land on which the mine is located, as well as the surrounding community, and were the final requirements necessary to initiate operations. The Company expects to receive the final approval for the permits within the next 60 days.

The permits will allow for construction and production on the Company's plan for an exploration/development field work program on the El Creston iron ore property. The program will include a preliminary pilot testing plant operation for the purpose of testing zones at the property.

The Company engaged Environmental Consulting Vugalit SC, a consulting and advisory company in Mexico that specializes in guiding mining companies through the permit process in Mexico.

"The preliminary approval of the permits is an important milestone for the company's near-term plan to be in production on the El Creston property," stated Wally Boguski, President and CEO. "We continue to responsibly source, negotiate and secure the purchase of the remaining equipment needed to advance the company to the planned development work program. We look forward to providing the market with further updates as we expect to begin the development program in the 2^nd half of 2013."

About Sierra Iron Ore

Sierra Iron Ore is a growth focused mineral exploration company creating value through the exploration and development of the El Creston property located in the Sinaloa State of Mexico. The company has a continual fieldwork program at the El Creston Property that is comprised of drilling, mapping, sampling and planning for further property development. Roads have been built and upgraded and equipment has been mobilized for further developing the known magnetite zones identified by recent exploration work.

Sierra Iron Ore also has 100% ownership of the Tom Cat property which is located 200 kilometres east-northeast of Vancouver within the historic Aspen Grove copper camp. The company is currently conducting an exploration program of geological mapping and sampling program as a prelude to a planned diamond drill program.

On behalf of The Board of Directors of Sierra Iron Ore Corporation.

Wally Boguski, Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

SOURCE Sierra Iron Ore Corporation