Sierra Resource Group Inc. (fka SIRG)

[Actuate]

Any of these existing notes can be converted any day now since they can convert 180 days after the note is issued.

Convertible Promissory Note with Asher Enterprises Inc. on January 13, 2012 in the amount of $37,500. The note has an interest rate of 8% with the maturity date of January 7, 2013.

A convertible promissory note in the amount of $133,333 was also executed. The note has an interest rate of 8% with the maturity date of November 1, 2012.

Convertible Promissory Note with Asher Enterprises Inc. on February 29, 2012 in the amount of $30,000. The note has an interest rate of 8% with the maturity date of February 23, 2013.

Plus, where are they going to get the funds to pay for this note???

The Company entered into a Promissory Note with Grand View Ventures. on February 16, 2012 in the amount of $190,000. The note has an interest rate of 8% with the maturity date of February 16, 2013. $191,832

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8681055