CORRECTION: AMNP Shareholder Update on Property Developments

AMNP SHAREHOLDER UPDATE ON PROPERTY DEVELOPMENTS

July 10, 2015

Dear American Sierra Gold Shareholders:

The Board of Directors (the “Board”) of American Sierra Gold Corporation (the “Company”) is pleased to announce that progress is occurring on multiple fronts.  The Company is in the process of retaining a head geologist and plans are being made for development of the Caren/Pangue placer properties.  These placers are rich in minerals that have flowed down from the Altos de Lipangue. These properties consist of 17 mining claims of approximately 1798 Hectares situated in the District of Curacavi, Providence of Melihilla, Country of Chile.  Please refer to the Company’s December 2, 2014, press release for further information on the Caren/Pangue placer properties.

Major developments are also occurring on the Madre de Dios property.  The Company retains a 15% participation interest in this property.  Management has engaged professional geologists to assess and report on the possible commodity values of the claims.        

In addition to its Caren/Pangue placer property and its 15% participation interest in the Madre de Dios, the Company also possesses a 15% interest in the both the Ciclon I and Ciclon II  property claims.  All of these property interests are evidenced by legally binding contracts that were properly executed and filed with the Chilean authorities during the Board’s recent trip to Chile in the Fall of 2014. 

The Company recently purchased an additional 20% of the Minera JOTA claims and is currently evaluating other potential properties of interest.   

Gary P. Goodin

President/Chief Executive Officer

American Sierra Gold Corporation

Cautionary Statement – Forward-Looking Information

This news release may contain certain “forward-looking statements” within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.