Replies to post #14148 on Sierra Resource Group Inc. (fka SIRG)

[Actuate]

You talk about the mine which they have 80% rights to, but they are currently even in default on their note to purchase the mine. If they are still in default on this note, do they actually even have a stake in the Chloride Copper Project?

The Company entered into the purchase interest of the Chloride Copper Project from Medina Property Group, LLC which resulted in the Company acquiring the debt and a promissory note dated March 22, 2010 in the amount of $360,000. The note has an interest rate of 8% with the maturity date of September 22, 2010. The Company is currently in default of the note,