SGP Peruvian Precious Metals Corporation

Sienna Gold Inc ("Sienna" or the "Company") (TSX VENTURE:SGP.V) (LMA:SGP) wishes
to announce that it is, subject to regulatory approval, undertaking a private
placement financing of US $3,000,000. The Corporation will issue 10,000,000
units at US$0.30 per unit, with each unit consisting of one common share and one
common share purchase warrant. Each warrant entitles the holder to subscribe for
one additional share for US$0.45 for a period of one year from closing. Proceeds
will be used for further exploration work on the Corporation's Igor project in
Peru and for general working capital. Sienna will pay to agents assisting in the
financing a cash commission of 7% and issue 7% broker warrants, each of which
will entitle the holder to subscribe for one additional unit at the issue price
for a period of one year from closing.


Sienna Gold Inc is a gold exploration company with property interests in Peru.
Its key prospect is the Igor Mine Project, a formerly producing mine that the
Company is exploring further.


If you wish any further information, please feel free to contact John Rucci at
any of the contact points noted above.


John M Rucci, President

Advisory

Certain statements and information contained in this press release contain
forward-looking statements. In particular, this press release contains
statements concerning the anticipated use of proceeds. All statements other than
statements of historical fact may be forward looking statements. These
statements, by their nature, are subject to numerous risks and uncertainties,
some of which are beyond Sienna's control including the effect of general
economic conditions, industry conditions, changes in regulatory and taxation
regimes, volatility of commodity prices, escalation f operating and capital
costs, currency fluctuations, the availability of services, imprecision of
reserve estimates, geological, technical, drilling and processing problems,
environmental risks, weather, the lack of availability of qualified personnel or
management, stock market volatility, the ability to access sufficient capital
from internal and external sources and competition from other industry
participants for, among other things, capital, services, undeveloped lands and
skilled personnel that may cause actual results or events to differ materially
from those anticipated in the forward looking statements. Such forward looking
statements, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated in the statements made and should not unduly be relied
on. These statements speak only as of the date of this press release. Sienna
does not intend and does not assume any obligation to update these
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law. Sienna's business is
subject to various risks that are discussed in its filings on the System for
Electronic Document Analysis and Retrieval (SEDAR).

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