Sierra Grande arranges $1-million private placement

Mr. Sonny Janda reports SIERRA ANNOUNCES CAD $1 MILLION PRIVATE PLACEMENT Sierra Grande Minerals Inc. has arranged a non-brokered private placement for the sale of up to 20 million units of the company at a price of five cents per offered unit for gross proceeds of up to $1-million. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 6.5 cents at any time on or before the date that is 24 months after the closing date. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The net proceeds from the offering are expected to be used for working capital, general corporate purposes and advancement of the company's business objectives. The closing of the offering is anticipated to occur on or about March 30, 2026, or such other dates as may be determined by the company. The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange. The company may pay finders' fees in connection with the offering, consisting of cash commissions and/or finders' warrants, as permitted by applicable securities laws and the policies of the Canadian Securities Exchange. Certain insiders of the company may participate in the offering. Participation by insiders will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects such participation to be exempt from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued, nor the consideration paid by insiders will exceed 25 per cent of the company's market capitalization. We seek Safe Harbor.