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Thursday, September 20, 2012 10:42:00 AM
trTtrtr 55 WATER STREET
NEWYORK, NY 10041-0099
TEL:2L2-855-3298
dmaj@dtcc,com
September 17,2012
Bv Federal Exnress
Sierra Gold Corp
503-L92 farvis St.
Toronto, ON MSB 219
Canada
Attn: Doug Evans, CEO
Re: Imposition of Global Lock on Sierra Gold Corp./CUSIP 826315103
Ladies and Gentlemen:
The Depository Trust Company ("DTC") has suspended all book-entry services (the "Global
Lock") provided to its participants with respect to the common shares of Sierra Gold Corp
(the "lssuer"), bearing the CUSIP 826315L03 (the "lssue"), as of August29,20t2.
The Global Lock was imposed consistent with Rule 5 of DTC's Rules; Section L of DTC's
Operational Arrangementsl and applicable Iaw, including, without limitation, Section 17 A of
the Securities Exchange Act of L934,15 U.S.C. $$ 78q-1, et seq. and the Bank SecrecyAct, 31
U.S.C. SS 5311 et seq.
Basis for the Global Lock
DTC has learned that the Securities and Exchange Commission ("SEC") has recently
commenced an enforcement action captioned Securities and Exchange Commission v. Edward
Bronson et al., Civil ActionLZ-CY-6421 (S.D.N.Y., filed August 22,20L2) fthe "E-Lionheart
Enforcement Action). In its complaint, the SEC alleges, among other things, that from at least
August 2009, Edward Bronson ["Bronson") and E-Lionheart Associates, LLC, d/b/a Fairhills
Capital ("E-Lionheart") (collectively, "Defendants") engaged in a scheme to purchase billions
of shares of stock from small companies and illegally resell those shares to the investing
public, claiming an unavailable exemption from registration under Rule 504(b)(1)[ii) of
Regulation D of the Securities Act of L933, as amended (the "securities Act") and 7309(b)(B)
of the Delaware Securities Act. The complaint alleges, specifically, that from August 2009
r DTC's Rules may be found at http://www.dtcc.com/legal/rules-proc/dtc-rules.pdf. DTC's Operational
Arrangements may be found at
http://www.dtcc.com/downloads/legal/rules-proc/eligibility/operational.arrangements,memo.pdf.
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