Sierra Iron Ore Purchases Ontario Freehold Property – Establishes Eastern Base for Operations

NEWS RELEASE

August 26, 2014 Symbol:-TSXV.NAA Symbol:-OTC- SIOCF SIERRA IRON ORE PURCHASES ONTARIO FREEHOLD PROPERTY – ESTABLISHES EASTERN BASE FOR OPERATIONS

VANCOUVER, BC – Sierra Iron Ore Corporation (Symbol: NAA-TSXV/OTCQX:

SIOCF) (the "Company") is pleased to announce that it has purchased a free-hold farm property in Ontario. The 170 acre property includes a 4 bedroom house and out buildings suitable for storing equipment. The company will use this property as a field base for its Ontario Iron Ore operations.

The Property is proximally located to the mineral claims (gold/iron ore) recently optioned by the Company.

This acquisition represents a significant step in implementing management’s shift in focus away from Mexico to Canada due to the greater stability, transparency and accountability afforded by operations located and conducted in Canada.

For more information contact the company office at 250-766-1517

About Sierra Iron Ore

Sierra Iron Ore is a growth focused mineral exploration company creating value through the exploration and development of Ontario mineral properties. Upcoming work will include a fieldwork program which is comprised of drilling, mapping, sampling and planning for further property development. The company has shut down all operations in Mexico and is liquidating or moving all assets to Ontario.

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

Wally Boguski, President/CEO

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 #2 – 701 West Deer Valley Road Lake Country BC V4V 2R1 Phoenix, AZ 85027 Tel: 250-766-1517 Tel: 623-251-4443 Fax: 250-766-1839 Fax: 623-251-4878

www.sierrairon.com [email protected]