Sierra Iron receives subscription agreements totaling $250,000

NEWS RELEASE

May 9, 2014 Symbol:-TSXV.NAA Symbol:-OTC- SIOCF Sierra Iron receives subscription agreements totaling $250,000

VANCOUVER, BC – SIERRA IRON ORE CORP. (the “Company”) is pleased to announce that it has received subscription agreements totaling 2,500,000 units (“Units”) for the non-brokered private placement previously announced on April 11, 2014.

Each Unit will consist of one common share at $0.10 per share and one half common share purchase warrant. Each whole warrant (a “Warrant”) may be exercised by the holder to purchase an additional common share at a price of $0.15, with an expiry date which is 24 months from closing.

The proceeds from this private placement will be used for general working capital.

The Company has agreed to pay finders' fees to arm's-length qualified parties. All securities issued will be subject to a four-month hold period from closing. This private placement remains subject to regulatory approval.

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

Wally 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 Corp. 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.

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]