Sierra Announces Debt Settlement

NEWS RELEASE

September 25, 2015 Symbol:-TSX-V:VR OTCQX:SIOCF SIERRA ANNOUNCES DEBT SETTLEMENT

Vancouver, BC – Sierra Iron Ore Corporation (the “Company”) is pleased to announce that is has agreed to debt settlements (the “Debt Settlements”) whereby it will issue up to 344,000 common shares (“Shares”) to creditors, at a deemed value of $0.50 per Share, to settle debts aggregating CDN$172,000.

The debt settlement remain subject to TSX-V approval.

About the Company

Sierra is a mineral exploration company focused on creating value through the exploration and development of its British Columbia and Ontario mineral properties.

Sierra is in the initial stages of a surface program on its recently acquired Emo Ontario, properties and has planned a 1st stage 1,000 meter drill program to commence in September, 2015.

On behalf of the Board of Directors of Sierra Iron Ore Corporation.

Wally E Boguski President & CEO

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Sierra Iron Ore Corporation which may cause actual results, performance or achievements of Sierra Iron Ore Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

CANADA USA 13236 Cliffstone Court #1021 – 100 Easy Street Lake Country BC V4V 2R1 Carefree, AZ 85377 Tel: 250-766-1517 Tel: 480-575-1220 Fax: 250-766-1839 Fax: 480-488-3492

www.sierrairon.com [email protected]