American Sierra Gold Corp. (OTC.BB:AMNP - News), an independent gold exploration company headquartered in Reno, Nevada, is pleased to announce that it has signed the final joint venture agreement with Trinity Alps Resources, Inc. to acquire a 75% stake in the high-grade Discovery Day Gold Project. This agreement follows from negotiations based on the Letter of Intent as announced October 7, 2009.

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{"s" : "amnp.ob","k" : "c10,l10,p20,t10","o" : "","j" : ""} The Discovery Day Gold Project covers over 950 acres and controls the entire Knownothing Mining District in northern California, which includes the four principal mines -- the Gilta, Discovery Day, Hansen, and Knownothing and several other smaller mines and prospects. An ore reserve estimate from 1996 published study by Cooksley Geophysical, Inc. reported a total inferred resource of 1,165,000 ounces of gold, of which over 157,000 ounces were considered to be in the proven and probable categories. The Company will need to re-evaluate historical data and carry out additional exploratory work on the numerous targets available to take the property's resource to a mineable category.