TORONTO, ONTARIO--(Marketwire - Aug. 5, 2008) - Sierra Minerals Inc. (TSX:SIM) ("Sierra" or the "Company") is pleased to announce the appointment of Ms. Rebecca Hudson as Chief Financial Officer of the Company. Ms. Hudson will be based at the Company's head office in Toronto.
Ms. Hudson was most recently Controller of Zacoro Metals Corp. ("Zacoro"). Zacoro is a widely held Toronto-based mining company, with exploration and development projects in Mexico. In addition to assuming responsibility for financial reporting and internal controls, Ms. Hudson managed all local Mexican financial, tax and legal matters working through Mexican accounting and law firms. Prior to this, Ms. Hudson spent two years with Xstrata Canada (formerly Falconbridge Limited), as Manager, Financial Reporting and Control. She played a key role in the implementation of Sarbanes- Oxley regulations. Ms. Hudson has also recently provided consulting services to IAMGOLD Corporation and Argenta Oil and Gas.
Ms. Hudson holds a Bachelor of Arts with a concentration in accounting and a Masters of Accounting with a concentration in taxation from the University of Waterloo. She earned her C.A. designation in 2000 with Grant Thornton LP, followed by two years with PricewaterhouseCoopers LLP in the Dominican Republic. Ms. Hudson is fluent in both English and Spanish.
"We are extremely pleased to welcome Rebecca to the new Sierra team. I believe that her strengths in financial reporting and control coupled with her background in mining, specific knowledge of operating in Mexico and the ability to work seamlessly in both English and Spanish, will be invaluable as we strengthen our financial controls and grow the Company," stated Michael Farrant, President and CEO of Sierra. "The addition of Rebecca rounds out our new management team following the recent announcement of Phil Davies as Chief Operating Officer (see press release dated July 9, 2008). I am confident that we now have the people in place to execute our plans and look forward to working with them both."
New Head Office Address
The Company also wishes to announce that it has moved its Toronto head office as follows:
SIERRA MINERALS INC. 8 King Street East, Suite 810 Toronto, ON M5C 1B5 Tel: (416) 366-8211 Fax: (416) 366-7596
About Sierra Minerals
Sierra Minerals Inc. (TSX:SIM) is a Canadian based gold production and exploration company. Through its Mexican subsidiary, it owns 100% of the Cerro Colorado Gold Mine in Sonora, Mexico. The Company is currently completing its initial NI 43-101 mineral resource estimate on the property and plans to increase annualized production from 20,000 to 30,000 ounces of gold. In addition, the Company is exploring its extensive regional land package in Mexico which covers over 30,000 hectares. Further information about Sierra Minerals and the Cerro Colorado Gold Mine can be found on the Company's website at www.sierraminerals.ca.
