Sierra Resource Group Director Luis Munoz Appointed Top Legal Advisor by the Government of Ecuador.
KINGMAN, Ariz., June 17, 2011 /PRNewswire/ -- Sierra Resource Group, Inc. (OTCBB: SIRG) announced the appointment of a member of its board of directors, Luis Munoz, to the position of Top Legal Advisor for the National Department of Development and State of Ecuador. In this capacity, Dr. Munoz will provide legal counsel to all Ecuadoran government companies, including oil and mining companies.
"We congratulate Dr. Munoz, and we are very proud of him," said Patrick Champney, Chief Executive Officer of Sierra Resource Group. "An appointment like this is a great honor and illustrates the level of respect and confidence the government of Ecuador has in Dr. Munoz. I have made the statement previously, and believe that it bears repeating, that we are extremely fortunate to have professionals of his caliber serving on our board of directors. I further believe that the guidance and assistance of Dr. Munoz and our other directors can provide our company with the opportunity to grow from a developmental mining company to a formidable competitor in the industry."
Luis Munoz has served the company on its board of directors since January 2011. He has been the General Manager of Neglex, a business and legal consulting firm located in Quito, Ecuador, since 2009.
About Sierra Resource Group, Inc.:
Sierra Resource Group, Inc. is a U.S. based mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Sierra's primary asset is 80% ownership of the Chloride Copper Mine located near Kingman Arizona. Founded by professionals in the mining industry, we are working for a better future for our customers, neighbors, and shareholders. We are committed to mining responsibly, maintaining environmentally friendly policies while impacting the local economy in an exponentially positive manner that will allow our shareholders to take pride in their investment.
Sierra plans to use open pit mining and plans to reopen the existing SX/EW plant on site at the Copper Chloride Mine, with a maximum annual capacity of up to 5,400,000 pounds of Copper Cathode. The SX/EW process is environmentally friendly, cost effective and a quick production process according to an article published by the Copper Development Association in August 2001.
FOR INFORMATION CONTACT:
Sierra Resource Group, Inc.
Ph. 702.462.7285
www.sierraresgroup.com
Patrick Champney CEO
[email protected]
Safe Harbor Statement under the Private Litigation Reform Act of 1995. Forward-looking statements in this document do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. You can anticipate that actual results will be different due to the inherent uncertainty of estimates; forecasts and projections may be better or worse than projected. Forward-looking statements may relate, among other things, to expected financial and operating results and the Company's ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: the Company's limited operating history, the speculative nature of the Company's planned operations, difficulty in developing new projects, difficulty gaining necessary governmental approvals, the Company's lack of market research and marketing organization, the Company's inexperience in operating internationally, and difficulty managing rapid growth. At this time, there can be no assurance that the Company will obtain the financing it needs to execute its plans. For a more detailed discussion of the risks and uncertainties of Sierra Resource Group's business, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2011, and the Company's Reports on Form 8-K, all filed with the Securities and Exchange Commission, and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this document or with respect to any of the information described herein.
SOURCE Sierra Resource Group, Inc.
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