Urique Project

Size	28,880 hectares
Location	Chihuahua State
Targets	Au, Ag
Terms	Option to acquire 100% interest

The Urique Project consists of 11 concessions covering 28,880 hectares and is located in the prolific Sierra Madre gold belt of northern Mexico, which has a well known history of gold and silver discovery and production. American Sierra has optioned 90% interest in the Urique Project.

Regional and Property Description

The Urique Project covers or surrounds ten mineralized areas with past mining activity. Each of these areas is related to large mineralized hydrothermal systems that have the potential to host bulk mineable resources.

Numerous +1,000,000 ounce gold deposits have been discovered in this 300 km long region of southwestern Chihuahua: including Mulatos, Dolores, Ocampo, as well as the El Sauzal mine. The Urique Project is located approximately 10 km north of the El Sauzal mine and extends 40 kilometers to the north.

The El Sauzal mine is owned and operated by NYSE listed gold producing major - Goldcorp Inc (NYSE: GG). The mine is a conventional open pit, oxide milling operation which achieved commercial production in December 2004. To the end of 2008, the mine had produced 1,072,000 ounces of gold and Goldcorp has reported proven and probable reserves of 470,000 ounces left on the property, with an additional 220,000 ounces in the measured and indicated categories. Gold production in the mine in 2008 alone reached 274,000 ounces and averaged a cash cost of $149/oz, making it a very profitable operation.

Note:   The Company has relied upon historical results from several sources in the evaluation of the Urique Project. As a majority of the results quoted were taken before current QA/QC and sample security protocols were adopted, these results should be considered 'historical' in nature and can only be used as a quantitative guide as to the relative tenor of mineralization and should not be relied upon as to what potential resources exist on the property.