Sustainable Green Team Ltd. (SGTM)

[the cork]

Field Reports - JANUARY/FEBRUARY 2013
FIELD REPORT/CEO COMMENTS

Mining

During this period no dredging activities were conducted due to the lack of sufficient operational capital. Minimal artisanal activities were undertaken in order to maintain the company's presence.

Agriculture

The rice harvesting and final processing were completed in January. Subsequent bagging is currently underway.

In December 2012 the company was given notice that it's arrears in back payments would result in loss of its lease for agricultural purposes by years end. An extension to the end of January was negotiated, however funds were not able to be raised and the company has been advised that a letter of the forfeiture of its rights to the property will be forthcoming.

General Comments from the CEO

With regards to the status of the Global Lock, there has been no change since the December Report and the status remains the same. The company is advised that the ongoing investigation issues with Fairhills continues and may go on for some time. A letter from DTCC received February 22, 2013 lays out their position along with potential future timing for a requested hearing for the company, which, based on their letter, is vague and appears will not take place until after a resolution of the Enforcement Action.

Since the Global Lock occurred in the summer period, the company has borrowed in excess of $80,000 against assets to complete 2012 farming activities as well as general operations in hopes of securing future operational financing.

As that has not occurred, the company plans to sell its rice harvest and use those funds to attempt to maintain a minimal agricultural and mining presence as well as maintaining its pink sheet status while the Fairhills issue continues.

http://sierragoldcorp.com/gold/index.php?route=product/category&path=60